OKYO Pharma (OKYO Pharma) Debt-to-Equity : -1.08 (As of Mar. 2023)

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What is OKYO Pharma Debt-to-Equity?

OKYO Pharma's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was $2.22 Mil. OKYO Pharma's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was $0.00 Mil. OKYO Pharma's Total Stockholders Equity for the quarter that ended in Mar. 2023 was $-2.05 Mil. OKYO Pharma's debt to equity for the quarter that ended in Mar. 2023 was -1.08.

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

OKYO' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.08 Med: -0.23 Max: 0.02
Current: -1.08

During the past 13 years, the highest Debt-to-Equity Ratio of OKYO Pharma was 0.02. The lowest was -1.08. And the median was -0.23.

OKYO's Debt-to-Equity is not ranked
in the Biotechnology industry.
Industry Median: 0.14 vs OKYO: -1.08

OKYO Pharma Debt-to-Equity Historical Data

The historical data trend for OKYO Pharma'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.

OKYO Pharma Debt-to-Equity Chart

OKYO Pharma Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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-0.23

0.02

-1.08

OKYO Pharma Semi-Annual Data
	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23
Debt-to-Equity	Get a 7-Day Free Trial															0.02	0.02	-	-	-1.08

Competitive Comparison of OKYO Pharma's Debt-to-Equity

For the Biotechnology subindustry, OKYO Pharma'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.

OKYO Pharma's Debt-to-Equity Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, OKYO Pharma's Debt-to-Equity distribution charts can be found below:

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

OKYO Pharma Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

OKYO Pharma's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(2.215	+	0)	/	-2.053
	=	-1.08

OKYO Pharma's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(2.215	+	0)	/	-2.053
	=	-1.08

OKYO Pharma (NAS:OKYO) 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.

OKYO Pharma Debt-to-Equity Related Terms

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OKYO Pharma (OKYO Pharma) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » OKYO Pharma Ltd (NAS:OKYO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

OK10:Germany

Address

14/15 Conduit St, Floor 4, London, GBR, W1S 2XJ

Website

https://www.okyopharma.com

OKYO Pharma Ltd is a biopharmaceutical company. The company is developing therapeutics to improve the lives of patients with inflammatory eye diseases and chronic pain. It offers solutions on various diseases such as Dry Eye Disease, Non-infectious Anterior Uveitis, Allergenic Conjunctivitis, Chronic Pain, and Ocular Pain.

Executives

John P Brancaccio	director	C/O TAMIR BIOTECHNOLOGY, INC., 11 DEER PARK DRIVE, SUITE 204, MONMOUTH JUNCTION NJ 08852
Gary S Jacob	director, officer: Chief Executive Officer
Gabriele M Cerrone	director, 10 percent owner, officer: Executive Chairman	265 EAST 66TH STREET, SUITE 16G, NEW YORK NY 10021
Bernard Denoyer	director	C/O CALLISTO PHARMACEUTICALS, INC., 420 LEXINGTON AVENUE, SUITE 1609, NEW YORK NY 10170
Willy Jules Simon	director	PLAYLOGIC INTERNATIONAL NV, CONCERTGEBOUWPLEIN 13, AMSTERDAM P7 1071 LL
Keeren Shah	officer: Chief Financial Officer	55 PARK LANE, LONDON X0 W1K 1NA