What is IonQ Debt-to-Equity?
IonQ's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $1.18 Mil. IonQ's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $14.45 Mil. IonQ's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $479.77 Mil.
IonQ's debt to equity for the quarter that ended in Mar. 2024 was 0.03.
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 IonQ's Debt-to-Equity or its related term are showing as below:
IONQ'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.01 Max: 0.08
Current: 0.02
During the past 4 years, the highest Debt-to-Equity Ratio of IonQ was 0.08. The lowest was 0.01. And the median was 0.01.
IonQ Debt-to-Equity Historical Data
The historical data trend for IonQ'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.
IonQ Debt-to-Equity Chart
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IonQ Annual Data
|
|
Trend |
Dec20 |
Dec21 |
Dec22 |
Dec23 |
| Debt-to-Equity |
|
0.08 |
0.01 |
0.01 |
0.02 |
|
IonQ Quarterly Data
|
|
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
Mar24 |
| Debt-to-Equity |
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|
|
|
|
|
|
|
|
0.01 |
0.01 |
0.01 |
0.02 |
0.03 |
Competitive Comparison of IonQ's Debt-to-Equity
For the Computer Hardware subindustry, IonQ'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.
IonQ's Debt-to-Equity Distribution in the Hardware Industry
For the Hardware industry and Technology sector, IonQ's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where IonQ's Debt-to-Equity falls into.
IonQ Debt-to-Equity Calculation
Debt to Equity measures the financial leverage a company has.
IonQ's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as
IonQ's Debt to Equity Ratio for the quarter that ended in Mar. 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.
IonQ (IONQ) Business Description
Traded in Other Exchanges
N/A
Address
4505 Campus Drive, College Park, MD, USA, 20740
IonQ Inc sells access to several quantum computers of various qubit capacities and is in the process of researching and developing technologies for quantum computers with increasing computational capabilities. The company currently makes access to its quantum computers available via cloud platforms and also to select customers via its own cloud service. This cloud-based approach enables the broad availability of quantum-computing-as-a-service (QCaaS). The company derives its revenue from its quantum-computing-as-a-service arrangements, consulting services related to co-developing algorithms on company's quantum computing systems, and contracts associated with the design, development, and construction of specialized quantum computing systems together with related services.
Executives
| Rima Alameddine |
officer: Chief Revenue Officer |
C/O IONQ, INC., 4505 CAMPUS DRIVE, COLLEGE PARK MD 20740 |
| Peter Hume Chapman |
director, officer: President and CEO |
C/O IONQ, INC., 4505 CAMPUS DRIVE, COLLEGE PARK MD 20740 |
| Jungsang Kim |
director, officer: Chief Strategy Officer |
C/O IONQ, INC., 4505 CAMPUS DRIVE, COLLEGE PARK MD 20740 |
| Thomas G. Kramer |
officer: Chief Financial Officer |
C/O OPOWER, INC., 1515 NORTH COURTHOUSE ROAD, 8TH FLOOR, ARLINGTON VA 22201 |
| Christopher Monroe |
officer: Chief Scientist |
C/O IONQ, INC., 4505 CAMPUS DRIVE, COLLEGE PARK MD 20740 |
| Laurie A. Babinski |
officer: General Counsel and Secretary |
C/O IONQ, INC., 4505 CAMPUS DRIVE, COLLEGE PARK MD 20740 |
| Wendy Thomas |
director |
C/O SECUREWORKS CORP., ONE CONCOURSE PARKWAY NE, SUITE 500, ATLANTA GA 30328 |
| Kathryn K. Chou |
director |
C/O IONQ, INC., 4505 CAMPUS DRIVE, COLLEGE PARK MD 20740 |
| New Enterprise Associates 15, L.p. |
10 percent owner |
1954 GREENSPRING DRIVE, SUITE 600, TIMONIUM MD 21093 |
| Gv 2016 Gp, L.l.c. |
10 percent owner |
1600 AMPHITHEATRE PARKWAY, MOUNTAIN VIEW MA 94043 |
| Inder M Singh |
director |
C/O UNISYS CORPORATION, 801 LAKEVIEW DRIVE, SUITE 100, BLUE BELL PA 19422 |
| Harry L. You |
director, 10 percent owner, officer: Chairman |
EMC CORPORATION, 176 SOUTH STREET, HOPKINTON MA 01748 |
| 2019, L.p. Gv |
10 percent owner |
1600 AMPHITHEATRE PKWY, MOUNTAIN VIEW CA 94043 |
| Gv 2019 Gp, L.p. |
10 percent owner |
1600 AMPHITHEATRE PKWY, MOUNTAIN VIEW CA 94043 |
| Gv 2019 Gp, L.l.c. |
10 percent owner |
1600 AMPHITHEATRE PKWY, MOUNTAIN VIEW CA 94043 |
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