Clearday (Clearday) Debt-to-Equity : -0.55 (As of Sep. 2023)

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What is Clearday Debt-to-Equity?

Clearday's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $19.88 Mil. Clearday's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $4.54 Mil. Clearday's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $-44.54 Mil. Clearday's debt to equity for the quarter that ended in Sep. 2023 was -0.55.

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

CLRD' s Debt-to-Equity Range Over the Past 10 Years
Min: -2.74 Med: -1.25 Max: -0.54
Current: -0.55

During the past 3 years, the highest Debt-to-Equity Ratio of Clearday was -0.54. The lowest was -2.74. And the median was -1.25.

CLRD's Debt-to-Equity is not ranked
in the Healthcare Providers & Services industry.
Industry Median: 0.49 vs CLRD: -0.55

Clearday Debt-to-Equity Historical Data

The historical data trend for Clearday'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.

Clearday Debt-to-Equity Chart

Clearday Annual Data

Trend

Dec20

Dec21

Dec22

Debt-to-Equity

-2.74

-1.71

-1.05

Clearday Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial								-1.11	-1.05	-0.57	-0.54	-0.55

Competitive Comparison of Clearday's Debt-to-Equity

For the Medical Care Facilities subindustry, Clearday'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.

Clearday's Debt-to-Equity Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Clearday's Debt-to-Equity distribution charts can be found below:

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

Clearday Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Clearday's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(19.255	+	25.809)	/	-43.104
	=	-1.05

Clearday's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(19.879	+	4.544)	/	-44.54
	=	-0.55

Clearday (OTCPK:CLRD) 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.

Clearday Debt-to-Equity Related Terms

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

Clearday (Clearday) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Clearday Inc (OTCPK:CLRD) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

8800 Village Drive, Suite 106, San Antonio, TX, USA, 78217

Website

https://www.myclearday.com

Clearday Inc is a non-acute health care services company. It operates four residential care facilities and a daycare center that serve primarily older Americans and persons facing cognitive issues such as Alzheimer's and other forms of dementia. Some of its products include Clearday Network, Clearday at Home, Clearday Clubs, and memory care America.

Executives

James Walesa	director, 10 percent owner, officer: Chief Executive Officer	1460 RENAISSANCE DR., #212, PARK RIDGE IL 60068
Watson Robert Glen Jr.	director	602 ALTA AVENUE, SAN ANTONIO TX 78217
Billie Jay Parrish	director, officer: Chief Operating Officer	C/O CLEARDAY, INC., 8800 VILLAGE DRIVE, SUITE 106, SAN ANTONIO TX 78217
Elizabeth M. Caveness	director	408 EAST CREEKVIEW DRIVE, HAMPSTEAD NC 28443
Alan H Channing	director	263 W END AVE., APT 3A, NEW YORK NY 10023
Gary Sawina	officer: Executive Vice President	17302 FOUNTAIN VIEW DRIVE, SAN ANTONIO TX 78248
Linda Carrasco	officer: President Memory Care America	126 STEEL VALLEY DRIVE, BOERNE TX 78006
Richard M. Morris	officer: Executive Vice President	11 AMALFI DRIVE, CORTLANDT MANOR NY 10567
Allied Integral United, Inc.	10 percent owner	2211 NW MILITARY HIGHWAY, SUITE 201, SAN ANTONIO TX 78213
Julia Suzanne Johnson	director	1001 RIDDER PARK STREET, SAN JOSE CA 95131
Kopp Family Office, Llc	10 percent owner	8500 NORMANDALE LAKE BOULEVARD, SUITE 475, BLOOMINGTON MN 55437
Dan L Halvorson	director	4780 EASTGATE MALL, SAN DIEGO CA 92121
Kenneth E Pfeiffer	officer: Vice President Engineering	460 WARD DRIVE, SANTA BARBARA CA 93111
Thomas R Giunta	officer: VP Engineering	460 WARD DRIVE, SANTA BARBARA CA 93111
Xiaoxiong Zhang	10 percent owner	3/F, BLOCK B, 11 LANGSHAN RD, HI-TECH INDUSTRIAL PK, NANSHAN DISTRICT, SHENZHEN F4 518057