Palladyne AI (Palladyne AI) Debt-to-Equity : 0.30 (As of Dec. 2023)

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What is Palladyne AI Debt-to-Equity?

Palladyne AI's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1.36 Mil. Palladyne AI's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $11.04 Mil. Palladyne AI's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $40.91 Mil. Palladyne AI's debt to equity for the quarter that ended in Dec. 2023 was 0.30.

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

PDYN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08 Med: 0.09 Max: 0.3
Current: 0.3

During the past 4 years, the highest Debt-to-Equity Ratio of Palladyne AI was 0.30. The lowest was 0.08. And the median was 0.09.

PDYN's Debt-to-Equity is ranked worse than
57.83% of 2222 companies
in the Software industry
Industry Median: 0.21 vs PDYN: 0.30

Palladyne AI Debt-to-Equity Historical Data

The historical data trend for Palladyne AI'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.

Palladyne AI Debt-to-Equity Chart

Palladyne AI Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.08

0.09

0.30

Palladyne AI Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial									0.09	0.10	0.13	0.17	0.30

Competitive Comparison of Palladyne AI's Debt-to-Equity

For the Software - Infrastructure subindustry, Palladyne AI'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.

Palladyne AI's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, Palladyne AI's Debt-to-Equity distribution charts can be found below:

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

Palladyne AI Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Palladyne AI'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
	=	(1.36	+	11.036)	/	40.905
	=	0.30

Palladyne AI'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
	=	(1.36	+	11.036)	/	40.905
	=	0.30

Palladyne AI (NAS:PDYN) 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.

Palladyne AI Debt-to-Equity Related Terms

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

Palladyne AI (Palladyne AI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Palladyne AI Corp (NAS:PDYN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

650 South 500 West, Suite 150, Salt Lake City, UT, USA, 84101

Website

https://www.sarcos.com

Sarcos Technology & Robotics Corp designs, develops and manufactures a broad range of advanced mobile robotic systems that redefine human possibilities and are designed to enable the safest, most productive workforce in the world. The company operates in challenging, unstructured industrial environments and includes teleoperated robotic systems, a powered robotic exoskeleton, and software solutions that enable task autonomy.

Executives

Brian D Finn	director	C/O BLACKROCK KELSO CAPITAL CORPORATION, 40 EAST 52ND STREET, NEW YORK NY 10022
Matthew Vogt	officer: Chief Revenue Officer	C/O SARCOS TECHNOLOGY AND ROBOTICS CORP, 650 SOUTH 500 WEST, SUITE 150, SALT LAKE CITY UT 84101
Stephen Sonne	officer: Chief Legal Officer	C/O SARCOS TECHNOLOGY & ROBOTICS CORP, 650 SOUTH 500 WEST, SUITE 150, SALT LAKE CITY UT 84101
Denis Garagic	officer: Chief Technology Officer	650 SOUTH 500 WEST, SALT LAKE CITY UT 84101
Andrew Hamer	officer: Chief Financial Officer	777 MARINERS ISLAND BLVD, SAN MATEO CA 94404
Jorgen Pedersen	officer: Chief Operating Officer	650 SOUTH 500 WEST, SUITE 150, SALT LAKE CITY UT 84101
Kiva A. Allgood	director, officer: President & CEO	C/O SYNAPTICS INCORPORATED, 1251 MCKAY DRIVE, SAN JOSE CA 95131
Fraser Smith	10 percent owner, officer: Chief Innovation Officer	360 WAKARA WAY, SALT LAKE CITY UT 84108
Marc Olivier	10 percent owner	360 WAKARA WAY, SALT LAKE CITY UT 84108
Steven Q. Hansen	officer: Chief Financial Officer	360 WAKARA WAY, SALT LAKE CITY UT 84108
Matthew Shigenobu Muta	director	360 WAKARA WAY, SALT LAKE CITY UT 84108
Priya Balasubramaniam	director	360 WAKARA WAY, SALT LAKE CITY UT 84108
Kristi Martindale	officer: EVP, Ch. Product & Market Off	360 WAKARA WAY, SALT LAKE CITY UT 84108
Marian Joh	officer: Chief Operating Officer	360 WAKARA WAY, SALT LAKE CITY UT 84108
Peter S Klein	director	C/O MICROSOFT CORPORATION, ONE MICROSOFT WAY, REDMOND WA 98052-6399