Dogness (International) (Dogness (International)) Debt-to-Equity : 0.25 (As of Dec. 2023)

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What is Dogness (International) Debt-to-Equity?

Dogness (International)'s Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3.79 Mil. Dogness (International)'s Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $14.89 Mil. Dogness (International)'s Total Stockholders Equity for the quarter that ended in Dec. 2023 was $75.47 Mil. Dogness (International)'s debt to equity for the quarter that ended in Dec. 2023 was 0.25.

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 Dogness (International)'s Debt-to-Equity or its related term are showing as below:

DOGZ' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05 Med: 0.14 Max: 1.18
Current: 0.25

During the past 8 years, the highest Debt-to-Equity Ratio of Dogness (International) was 1.18. The lowest was 0.05. And the median was 0.14.

DOGZ's Debt-to-Equity is ranked better than
67.2% of 692 companies
in the Travel & Leisure industry
Industry Median: 0.46 vs DOGZ: 0.25

Dogness (International) Debt-to-Equity Historical Data

The historical data trend for Dogness (International)'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.

Dogness (International) Debt-to-Equity Chart

Dogness (International) Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.05

0.13

0.18

0.09

0.24

Dogness (International) Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial											0.14	0.09	0.27	0.24	0.25

Competitive Comparison of Dogness (International)'s Debt-to-Equity

For the Leisure subindustry, Dogness (International)'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.

Dogness (International)'s Debt-to-Equity Distribution in the Travel & Leisure Industry

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

* The bar in red indicates where Dogness (International)'s Debt-to-Equity falls into.

Dogness (International) Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Dogness (International)'s Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(6.259	+	12.208)	/	76.344
	=	0.24

Dogness (International)'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
	=	(3.794	+	14.894)	/	75.467
	=	0.25

Dogness (International) (NAS:DOGZ) 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.

Dogness (International) Debt-to-Equity Related Terms

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Dogness (International) (Dogness (International)) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Dogness (International) Corp (NAS:DOGZ) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Tongsha Industrial Estate, East District, Guangdong Province, Dongguan City, CHN, 523217

Website

https://www.dognesspet.com

Dogness (International) Corp designs, manufactures pet products, including leashes and smart products, and lanyards. The Company designs, process and manufactures fashionable and high-quality leashes, collars, and harnesses to complement cats' and dogs' appearances, as well as intelligent pet products. The Company also provides dyeing services to external customers, as well as pet grooming services. The dyeing service is to utilize the existing production capacity and the pet grooming service is immaterial. Geographically, it generates maximum revenue from Mainland China and also has a presence in the United States, Europe, Australia, Canada, Central, and South America, Japan, and other Asian countries and regions.