Richtech Robotics (Richtech Robotics) Debt-to-Equity : 0.03 (As of Dec. 2023)

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What is Richtech Robotics Debt-to-Equity?

Richtech Robotics's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.18 Mil. Richtech Robotics's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.13 Mil. Richtech Robotics's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $11.35 Mil. Richtech Robotics's debt to equity for the quarter that ended in Dec. 2023 was 0.03.

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

RR' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.19 Max: 0.37
Current: 0.03

During the past 3 years, the highest Debt-to-Equity Ratio of Richtech Robotics was 0.37. The lowest was 0.03. And the median was 0.19.

RR's Debt-to-Equity is ranked better than
89.93% of 2621 companies
in the Industrial Products industry
Industry Median: 0.29 vs RR: 0.03

Richtech Robotics Debt-to-Equity Historical Data

The historical data trend for Richtech Robotics'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.

Richtech Robotics Debt-to-Equity Chart

Richtech Robotics Annual Data

Trend

Sep21

Sep22

Sep23

Debt-to-Equity

0.13

0.24

Richtech Robotics Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial					0.12	0.37	0.29	0.24	0.03

Competitive Comparison of Richtech Robotics's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Richtech Robotics'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.

Richtech Robotics's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Richtech Robotics's Debt-to-Equity distribution charts can be found below:

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

Richtech Robotics Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Richtech Robotics's Debt to Equity Ratio for the fiscal year 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
	=	(1.006	+	0.154)	/	4.809
	=	0.24

Richtech Robotics'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
	=	(0.18	+	0.126)	/	11.347
	=	0.03

Richtech Robotics (NAS:RR) 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.

Richtech Robotics Debt-to-Equity Related Terms

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Richtech Robotics (Richtech Robotics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Richtech Robotics Inc (NAS:RR) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

4175 Cameron Street, Suite 1, Las Vegas, NV, USA, 89103

Website

https://www.richtechrobotics.com

Richtech Robotics Inc is a developer of new robotic technologies focused on transforming labor-intensive services in hospitality and other sectors currently experiencing unprecedented labor shortages. The company designed, manufacture and sell robots to restaurants, hotels, senior living centers, casinos, factories, movie theaters and other businesses. Its robots perform a variety of services including restaurant running and bussing, hotel room service delivery, floor scrubbing and vacuuming, and beverage and food preparation. The company designs its robots to be friendly, customizable to client environments, and extremely reliable.

Richtech Robotics (Richtech Robotics) Headlines

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