Astra Space (Astra Space) Debt-to-Equity : -0.97 (As of Dec. 2023)

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What is Astra Space Debt-to-Equity?

Astra Space's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $67.32 Mil. Astra Space's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $6.06 Mil. Astra Space's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-75.44 Mil. Astra Space's debt to equity for the quarter that ended in Dec. 2023 was -0.97.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Astra Space's Debt-to-Equity or its related term are showing as below:

ASTR' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.97 Med: -0.2 Max: 0.16
Current: -0.97

During the past 5 years, the highest Debt-to-Equity Ratio of Astra Space was 0.16. The lowest was -0.97. And the median was -0.20.

ASTR's Debt-to-Equity is not ranked
in the Aerospace & Defense industry.
Industry Median: 0.445 vs ASTR: -0.97

Astra Space Debt-to-Equity Historical Data

The historical data trend for Astra Space's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Astra Space Debt-to-Equity Chart

Astra Space Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

N/A

-0.42

0.02

0.16

-0.97

Astra Space Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial											0.16	0.28	0.42	2.19	-0.97

Competitive Comparison of Astra Space's Debt-to-Equity

For the Aerospace & Defense subindustry, Astra Space's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Astra Space's Debt-to-Equity Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Astra Space's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Astra Space's Debt-to-Equity falls into.

Astra Space Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Astra Space's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(67.322	+	6.056)	/	-75.439
	=	-0.97

Astra Space's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(67.322	+	6.056)	/	-75.439
	=	-0.97

Astra Space (NAS:ASTR) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Astra Space Debt-to-Equity Related Terms

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Astra Space (Astra Space) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Astra Space Inc (NAS:ASTR) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1900 Skyhawk Street, Alameda, CA, USA, 94501

Website

https://www.astra.com

Astra Space Inc is a technology company that provides space services, including satellite launch services and other space services, based on a proprietary, vertically integrated technology platform. It offers launch services, space products, and space services to achieve its space services platform model.

Executives

Scott Stanford	director, 10 percent owner	C/O PERSONALIZED BEAUTY DISCOVERY, INC., 201 BALDWIN AVENUE, SAN MATEO CA 94401
Axel Martinez	officer: Chief Financial Officer	418 STARVIEW DRIVE, DANVILLE CA 94526
Julie A Cullivan	director	17800 N 85TH ST, SCOTTSDALE AZ 85255
Chris Kemp	director, 10 percent owner, officer: See Remarks	1900 SKYHAWK STREET, ALAMEDA CA 94501
A/npc Holdings Llc	10 percent owner	6350 COURT STREET, EAST SYRACUSE NY 13057
Michael E Lehman	director
Michele Angelique Flournoy	director	3170 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042
Craig Mccaw	director	EAGLE RIVER INC, 2300 CARILLON POINT, KIRKLAND WA 98033
Lisa Nelson	director	1920 4TH AVENUE #1111, SEATTLE WA 98101
Advance Publications, Inc	10 percent owner	950 FINGERBOARD ROAD, STATEN ISLAND NY 10305
Benjamin Lyon	officer: See Remarks	1900 SKYHAWK STREET, ALAMEDA CA 94501
Martin Attiq	officer: Chief Business Officer	1900 SKYHAWK STREET, ALAMEDA CA 94501
Adam London	director, 10 percent owner, officer: Chief Technology Officer	1900 SKYHAWK STREET, ALAMEDA CA 94501
Sherpaventures Fund Ii Gp, Llc	10 percent owner	505 HOWARD STREET, SUITE 201, SAN FRANCISCO CA 94105
Sherpaventures Fund Ii, Lp	10 percent owner	505 HOWARD STREET, SUITE 201, SAN FRANCISCO CA 94105