SatixFy Communications (SatixFy Communications) Debt-to-Equity : -1.06 (As of Dec. 2023)

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What is SatixFy Communications Debt-to-Equity?

SatixFy Communications's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.64 Mil. SatixFy Communications's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $61.86 Mil. SatixFy Communications's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-58.79 Mil. SatixFy Communications's debt to equity for the quarter that ended in Dec. 2023 was -1.06.

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

SATX' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.84 Med: -0.93 Max: -0.58
Current: -1.06

During the past 4 years, the highest Debt-to-Equity Ratio of SatixFy Communications was -0.58. The lowest was -1.84. And the median was -0.93.

SATX's Debt-to-Equity is not ranked
in the Hardware industry.
Industry Median: 0.28 vs SATX: -1.06

SatixFy Communications Debt-to-Equity Historical Data

The historical data trend for SatixFy Communications'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.

SatixFy Communications Debt-to-Equity Chart

SatixFy Communications Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

-0.79

-0.58

-1.84

-1.06

SatixFy Communications Quarterly Data
	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial					N/A	-1.84	-0.94	-0.72	-1.06

Competitive Comparison of SatixFy Communications's Debt-to-Equity

For the Communication Equipment subindustry, SatixFy Communications'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.

SatixFy Communications's Debt-to-Equity Distribution in the Hardware Industry

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

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

SatixFy Communications Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

SatixFy Communications'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
	=	(0.639	+	61.859)	/	-58.786
	=	-1.06

SatixFy Communications'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
	=	(0.639	+	61.859)	/	-58.786
	=	-1.06

SatixFy Communications (AMEX:SATX) 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.

SatixFy Communications Debt-to-Equity Related Terms

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SatixFy Communications (SatixFy Communications) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » SatixFy Communications Ltd (AMEX:SATX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

12 Hamada Street, Rehovot, ISR, 670315

Website

https://www.satixfy.com

SatixFy Communications Ltd develops end-to-end next-generation satellite communications systems, including satellite payloads, user terminals and modems, based on powerful chipsets that it develops in house. Its products include modems that feature Software Defined Radio and Fully Electronically Steered Multi Beam Antennas that support the advanced communications standard DVB-S2X. Geographical presence in U.S, Canada, UK and Other countries. Majority of its company revenue comes from U.S and Canada.