Biome Technologies (LSE:BIOM) Debt-to-Equity : 1.14 (As of Dec. 2023)

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What is Biome Technologies Debt-to-Equity?

Biome Technologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £0.06 Mil. Biome Technologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was £0.80 Mil. Biome Technologies's Total Stockholders Equity for the quarter that ended in Dec. 2023 was £0.75 Mil. Biome Technologies's debt to equity for the quarter that ended in Dec. 2023 was 1.14.

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

LSE:BIOM' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.11 Med: 0.14 Max: 1.14
Current: 1.14

During the past 13 years, the highest Debt-to-Equity Ratio of Biome Technologies was 1.14. The lowest was 0.11. And the median was 0.14.

LSE:BIOM's Debt-to-Equity is ranked worse than
87.3% of 1394 companies
in the Chemicals industry
Industry Median: 0.355 vs LSE:BIOM: 1.14

Biome Technologies Debt-to-Equity Historical Data

The historical data trend for Biome Technologies'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.

Biome Technologies Debt-to-Equity Chart

Biome Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.12

0.11

0.14

0.18

1.14

Biome Technologies Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	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	0.17	0.18	1.22	1.14

Competitive Comparison of Biome Technologies's Debt-to-Equity

For the Specialty Chemicals subindustry, Biome Technologies'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.

Biome Technologies's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Biome Technologies's Debt-to-Equity distribution charts can be found below:

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

Biome Technologies Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Biome Technologies'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
	=	(0.06	+	0.799)	/	0.752
	=	1.14

Biome Technologies'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
	=	(0.06	+	0.799)	/	0.752
	=	1.14

Biome Technologies (LSE:BIOM) 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.

Biome Technologies Debt-to-Equity Related Terms

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

Biome Technologies (LSE:BIOM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Biome Technologies PLC (LSE:BIOM) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

BIOM.GB:UK

Address

Starpol Technology Centre, North Road, Marchwood, Southampton, Hampshire, GBR, SO40 4BL

Website

https://www.biometechnologiesplc.com

Biome Technologies PLC is an innovator and supplier of biodegradable natural polymers. The company operates in two areas, Bioplastics Division produces bio-degradable products capable of replacing conventional oil-based plastics and has diverse applications including flexible films, moulded products, extruded sheets, and food wraps, and the Radio Frequency Division designing and installing specialist Radio Frequency furnaces, welders, and induction equipment. The majority of the revenues are earned from the Bioplastics segment.

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