Momentus (Momentus) Debt-to-Equity : 2.84 (As of Sep. 2023)

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What is Momentus Debt-to-Equity?

Momentus's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $6.98 Mil. Momentus's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $5.19 Mil. Momentus's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $4.29 Mil. Momentus's debt to equity for the quarter that ended in Sep. 2023 was 2.83.

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

MNTS' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.09 Med: 0.36 Max: 2.84
Current: 2.84

During the past 3 years, the highest Debt-to-Equity Ratio of Momentus was 2.84. The lowest was -1.09. And the median was 0.36.

MNTS's Debt-to-Equity is ranked worse than
93% of 257 companies
in the Aerospace & Defense industry
Industry Median: 0.44 vs MNTS: 2.84

Momentus Debt-to-Equity Historical Data

The historical data trend for Momentus'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.

Momentus Debt-to-Equity Chart

Momentus Annual Data

Trend

Dec20

Dec21

Dec22

Debt-to-Equity

-1.09

0.22

0.55

Momentus Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial								0.40	0.55	0.64	1.21	2.84

Competitive Comparison of Momentus's Debt-to-Equity

For the Aerospace & Defense subindustry, Momentus'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.

Momentus's Debt-to-Equity Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Momentus's Debt-to-Equity distribution charts can be found below:

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

Momentus Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Momentus's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(12.78	+	8.535)	/	38.607
	=	0.55

Momentus's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(6.979	+	5.187)	/	4.292
	=	2.83

Momentus (NAS:MNTS) 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.

Momentus Debt-to-Equity Related Terms

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

Momentus (Momentus) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Momentus Inc (NAS:MNTS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

3901 N. First Street, San Jose, CA, USA, 95134

Website

https://www.momentus.space

Momentus Inc offers in-space infrastructure services by building transfer and service vehicles that carry satellites and hosted payloads between orbits in space. It is a provider of three critical functions in the new space economy: Space Transportation, Satellite as a Service, and In-Orbit Servicing.

Executives

Brian Kabot	director, 10 percent owner, officer: Chief Executive Officer	1345 ABBOT KINNEY BLVD., VENICE CA 90291
Prime Movers Lab Fund I Lp	10 percent owner	P.O. BOX 12829, JACKSON WY 83002
Victorino Mercado	director	C/O MOMENTUS INC., 3050 KENNETH ST., SANTA CLARA CA 95054
Eric R Williams	officer: Chief Financial Officer	3901 N. FIRST STREET, SAN JOSE CA 95134
Dennis R. Mahoney	officer: Interim CFO	3901 N. FIRST STREET, SAN JOSE CA 95134
Prime Movers Growth Fund I Lp	10 percent owner	6765 CRYSTAL SPRINGS ROAD, TETON VILLAGE WY 83025
Momentus Pml Spv 3 Lp	10 percent owner	6765 CRYSTAL SPRINGS RD, TETON VILLAGE WY 83025
Dakin Sloss	10 percent owner	126 E 56TH ST, 30TH FLOOR, NEW YORK NY 10022
Momentus Pml Spv 2 Lp	10 percent owner	6765 CRYSTAL SPRINGS RD, TETON COUNTY WY 83025
Momentus Pml Spv 1 Lp	10 percent owner	PO BOX 12829, JACKSON WY 83002
Robert E Schwarz	officer: Chief Technology Officer	C/O MOMENTUS INC., 3901 N. FIRST STREET, SAN JOSE CA 95134
Jikun Kim	officer: Chief Financial Officer	181 W. HUNTINGTON DRIVE, SUITE 202, MONROVIA CA 91016
Kennedy Fred G Iii	officer: President	C/O MOMENTUS INC., 3050 KENNETH ST., SANTA CLARA CA 95054
Dawn A. Harms	officer: Chief Revenue Officer	C/O MOMENTUS INC., 3050 KENNETH ST., SANTA CLARA CA 95054
John C. Rood	director, officer: Chief Executive Officer	C/O MOMENTUS INC., 3050 KENNETH ST., SANTA CLARA CA 95054