IR-Med (IR-Med) Debt-to-Equity : -1.86 (As of Mar. 2024)

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What is IR-Med Debt-to-Equity?

IR-Med's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil. IR-Med's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.16 Mil. IR-Med's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $-0.09 Mil. IR-Med's debt to equity for the quarter that ended in Mar. 2024 was -1.86.

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

IRME' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.86 Med: 0.1 Max: 0.55
Current: -1.86

During the past 4 years, the highest Debt-to-Equity Ratio of IR-Med was 0.55. The lowest was -1.86. And the median was 0.10.

IRME's Debt-to-Equity is not ranked
in the Medical Devices & Instruments industry.
Industry Median: 0.21 vs IRME: -1.86

IR-Med Debt-to-Equity Historical Data

The historical data trend for IR-Med'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.

IR-Med Debt-to-Equity Chart

IR-Med Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.12

0.08

0.11

0.55

IR-Med Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial										0.11	0.08	0.13	0.55	-1.86

Competitive Comparison of IR-Med's Debt-to-Equity

For the Medical Devices subindustry, IR-Med'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.

IR-Med's Debt-to-Equity Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, IR-Med's Debt-to-Equity distribution charts can be found below:

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

IR-Med Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

IR-Med's Debt to Equity Ratio for the fiscal year 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
	=	(0.039	+	0.161)	/	0.365
	=	0.55

IR-Med's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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	+	0.16)	/	-0.086
	=	-1.86

IR-Med (OTCPK:IRME) 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.

IR-Med Debt-to-Equity Related Terms

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IR-Med (IR-Med) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » IR-Med Inc (OTCPK:IRME) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Z.H.R Industrial Zone, P.O. Box 143, Rosh Pina, ISR, 1231400

Website

https://www.ir-medical.com

IR-Med Inc is a medical device company that specializes in infrared-based technologies. It develops medical devices based on the combination of Infra-Red (IR) and Artificial Intelligence (AI) technologies.