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Arax Holdings (Arax Holdings) Debt-to-Equity : 0.00 (As of Jan. 2024)


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What is Arax Holdings Debt-to-Equity?

Arax Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $0.00 Mil. Arax Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $0.00 Mil. Arax Holdings's Total Stockholders Equity for the quarter that ended in Jan. 2024 was $6.93 Mil. Arax Holdings's debt to equity for the quarter that ended in Jan. 2024 was 0.00.

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

ARAT' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.04   Med: -1   Max: 0.03
Current: 0.08

During the past 9 years, the highest Debt-to-Equity Ratio of Arax Holdings was 0.03. The lowest was -1.04. And the median was -1.00.

ARAT's Debt-to-Equity is ranked better than
69.47% of 2224 companies
in the Software industry
Industry Median: 0.21 vs ARAT: 0.08

Arax Holdings Debt-to-Equity Historical Data

The historical data trend for Arax Holdings'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.

Arax Holdings Debt-to-Equity Chart

Arax Holdings Annual Data
Trend Oct12 Oct13 Oct14 Oct15 Oct16 Oct20 Oct21 Oct22 Oct23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only -0.88 - - - -

Arax Holdings Quarterly Data
Apr16 Jul16 Oct16 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.22 0.03 - - -

Competitive Comparison of Arax Holdings's Debt-to-Equity

For the Software - Infrastructure subindustry, Arax Holdings'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.


Arax Holdings's Debt-to-Equity Distribution in the Software Industry

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

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



Arax Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Arax Holdings's Debt to Equity Ratio for the fiscal year that ended in Oct. 2023 is calculated as

Arax Holdings's Debt to Equity Ratio for the quarter that ended in Jan. 2024 is calculated as

* 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.


Arax Holdings  (OTCPK:ARAT) 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.


Arax Holdings Debt-to-Equity Related Terms

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


Arax Holdings (Arax Holdings) Business Description

Traded in Other Exchanges
N/A
Address
30 North Gould Street, Sheridan, WY, USA, 82801
Arax Holdings Corp invests in TechFin and blockchain-based software solutions companies. The primary focus of Arax is to fuse decentralized solutions with financial service providers within multiple markets and communication networks to bring blockchain to everyday life.

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