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Fitell (Fitell) Debt-to-Equity : 0.07 (As of Dec. 2023)


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What is Fitell Debt-to-Equity?

Fitell's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.29 Mil. Fitell's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.43 Mil. Fitell's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $9.97 Mil. Fitell's debt to equity for the quarter that ended in Dec. 2023 was 0.07.

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

FTEL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07   Med: 0.17   Max: 0.49
Current: 0.07

During the past 3 years, the highest Debt-to-Equity Ratio of Fitell was 0.49. The lowest was 0.07. And the median was 0.17.

FTEL's Debt-to-Equity is ranked better than
89.42% of 1002 companies
in the Retail - Cyclical industry
Industry Median: 0.62 vs FTEL: 0.07

Fitell Debt-to-Equity Historical Data

The historical data trend for Fitell'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.

Fitell Debt-to-Equity Chart

Fitell Annual Data
Trend Jun21 Jun22 Jun23
Debt-to-Equity
0.49 0.38 0.11

Fitell Semi-Annual Data
Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Debt-to-Equity Get a 7-Day Free Trial N/A 0.38 0.17 0.11 0.07

Competitive Comparison of Fitell's Debt-to-Equity

For the Specialty Retail subindustry, Fitell'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.

Fitell's Debt-to-Equity Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Fitell's Debt-to-Equity distribution charts can be found below:

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


Fitell Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Fitell'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
=(0.212 + 0.473) / 6.417
=0.11

Fitell'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
=(0.289 + 0.427) / 9.965
=0.07

* 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.

Fitell  (NAS:FTEL) 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.

Fitell Debt-to-Equity Related Terms

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

Fitell (Fitell) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Fitell Corp (NAS:FTEL) » Definitions » Debt-to-Equity
Comparable Companies
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Traded in Other Exchanges
N/A
Address
23-25 Mangrove Lane, Taren Point, NSW, AUS, 2229
Website
https://www.gymdirect.com.au
Fitell Corp engages in primary operations of selling gym and fitness equipment in Australia through its indirectly held wholly owned subsidiaries. It operates in two segments: online fitness equipment distribution and licensing business to service the large and growing boutique fitness sector of the broader health and fitness club industry. The majority fitness equipment business is conducted in Australia via its own e-commerce platform and, through third-party sites. Licensing service offers a turnkey solution for personal training studios and commercial gym chains.