Odysight ai (Odysight ai) Debt-to-Equity : 0.08 (As of Mar. 2024)

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What is Odysight ai Debt-to-Equity?

Odysight ai's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.47 Mil. Odysight ai's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.78 Mil. Odysight ai's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $15.15 Mil. Odysight ai's debt to equity for the quarter that ended in Mar. 2024 was 0.08.

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

ODYS' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.23 Med: 0.01 Max: 0.22
Current: 0.08

During the past 11 years, the highest Debt-to-Equity Ratio of Odysight ai was 0.22. The lowest was -1.23. And the median was 0.01.

ODYS's Debt-to-Equity is ranked better than
77% of 2196 companies
in the Hardware industry
Industry Median: 0.29 vs ODYS: 0.08

Odysight ai Debt-to-Equity Historical Data

The historical data trend for Odysight ai'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.

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Odysight ai Debt-to-Equity Chart

Odysight ai Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

-0.99

0.03

0.02

0.07

Odysight ai Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.01	0.03	0.08	0.07	0.08

Competitive Comparison of Odysight ai's Debt-to-Equity

For the Scientific & Technical Instruments subindustry, Odysight ai'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.

Odysight ai's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Odysight ai's Debt-to-Equity distribution charts can be found below:

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

Odysight ai Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Odysight ai'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
	=	(0.47	+	0.856)	/	17.807
	=	0.07

Odysight ai'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
	=	(0.472	+	0.779)	/	15.145
	=	0.08

Odysight ai (OTCPK:ODYS) 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.

Odysight ai Debt-to-Equity Related Terms

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Odysight ai (Odysight ai) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Odysight ai Inc (OTCPK:ODYS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Industrial Park, Suite 7A and 3B, P.O. Box 3030, Omer, ISR, 8496500

Website

https://www.odysight.ai

Odysight ai Inc is engaged in the development, production, and marketing of innovative Predictive Maintenance (PdM) and Condition Based Monitoring (CBM) technologies, providing visual sensing and AI-based video analytics solutions for critical systems in the aviation, maritime, industrial non-destructing-testing industries, transportation, and energy industries.