Leatt (LEAT) Debt-to-Equity : 0.05 (As of Dec. 2023)

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What is Leatt Debt-to-Equity?

Leatt's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1.55 Mil. Leatt's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.58 Mil. Leatt's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $40.28 Mil. Leatt's debt to equity for the quarter that ended in Dec. 2023 was 0.05.

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 Leatt's Debt-to-Equity or its related term are showing as below:

LEAT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05 Med: 0.07 Max: 0.12
Current: 0.05

During the past 13 years, the highest Debt-to-Equity Ratio of Leatt was 0.12. The lowest was 0.05. And the median was 0.07.

LEAT's Debt-to-Equity is ranked better than
87.81% of 689 companies
in the Travel & Leisure industry
Industry Median: 0.47 vs LEAT: 0.05

Leatt Debt-to-Equity Historical Data

The historical data trend for Leatt'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.

Leatt Debt-to-Equity Chart

Leatt Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.12

0.06

0.09

0.06

0.05

Leatt Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.06	0.05	0.04	0.03	0.05

Competitive Comparison of Leatt's Debt-to-Equity

For the Leisure subindustry, Leatt'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.

Leatt's Debt-to-Equity Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Leatt's Debt-to-Equity distribution charts can be found below:

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

Leatt Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Leatt'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
	=	(1.548	+	0.576)	/	40.281
	=	0.05

Leatt'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
	=	(1.548	+	0.576)	/	40.281
	=	0.05

Leatt (OTCPK:LEAT) 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.

Leatt Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Leatt's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Leatt (LEAT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Leatt Corp (OTCPK:LEAT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Atlas Gardens, Contermanskloof Road, 12 Kiepersol Drive, Durbanville, WC, ZAF, 7550

Website

https://www.leatt.com

Leatt Corp designs, develops, markets, and distributes personal protective equipment for participants in all forms of motorsports and leisure activities, including riders of motorcycles, bicycles, snowmobiles, and ATVs, as well as racing car drivers. It operates through the Leatt-Brace brand which offers a patented injection molded neck protection system designed to prevent potentially devastating injuries to the cervical spine and neck. Leatt also acts as the original equipment manufacturer for neck braces sold by other international brands. Geographically all the operations function through the region of the US.

Executives

Christopher James Leatt	director, 10 percent owner	C/O LEATT CORP., 50 KIEPERSOL CRESCENT, ATLAS GARDENS, CONTERMANSKLOOF, DURBANVILLE, CAPE TOWN T3 7550
Sean Macdonald	director, officer: CEO, CFO	C/O LEATT CORP., 50 KIEPERSOL CRESCENT, ATLAS GARDENS, CONTERMANSKLOOF, DURBANVILLE, CAPE TOWN T3 7550
Jeffrey J Guzy	director	3130 19TH STREET, NORTH, ARLINGTON VA 22201
Villiers Jean-pierre De	10 percent owner	GOEDEMOED FARM, KEISIE VALLEY, MONTAGU T3 6720
Zafiris M. Zafiropoulos	director	C/P LEATT CORP., 50 KIEPERSOL CRESCENT, ATLAS GARDEN, CONTERMANSKLOOF, DURBANVILLE, CAPE TOWN T3 7550