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Serve Robotics (Serve Robotics) Debt-to-Equity : -0.96 (As of Mar. 2024)


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What is Serve Robotics Debt-to-Equity?

Serve Robotics's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $8.36 Mil. Serve Robotics's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.11 Mil. Serve Robotics's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $-8.81 Mil. Serve Robotics's debt to equity for the quarter that ended in Mar. 2024 was -0.96.

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

SERV' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.08   Med: -0.6   Max: 2.06
Current: -0.96

During the past 3 years, the highest Debt-to-Equity Ratio of Serve Robotics was 2.06. The lowest was -1.08. And the median was -0.60.

SERV's Debt-to-Equity is not ranked
in the Industrial Products industry.
Industry Median: 0.29 vs SERV: -0.96

Serve Robotics Debt-to-Equity Historical Data

The historical data trend for Serve 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.

Serve Robotics Debt-to-Equity Chart

Serve Robotics Annual Data
Trend Dec21 Dec22 Dec23
Debt-to-Equity
- -0.60 -1.08

Serve Robotics Quarterly Data
Dec21 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only N/A -0.39 2.06 -1.08 -0.96

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

For the Specialty Industrial Machinery subindustry, Serve 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.

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

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

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


Serve Robotics Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Serve Robotics'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
=(3.931 + 0.442) / -4.033
=-1.08

Serve Robotics'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
=(8.36 + 0.106) / -8.806
=-0.96

* 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.

Serve Robotics  (NAS:SERV) 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.

Serve Robotics Debt-to-Equity Related Terms

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Serve Robotics (Serve Robotics) Business Description

Industry
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Traded in Other Exchanges
N/A
Address
730 Broadway, Redwood, CA, USA, 94063
Website
https://www.serverobotics.com
Serve Robotics Inc is developing next-generation robots for last-mile delivery services. Its first product is a zero-emission robot that serves people in public areas, Starting with food delivery. It has developed an advanced, AI-robotics mobility platform, with last-mile delivery in cities as its first application.