SKYX Platforms (SKYX Platforms) Debt-to-Equity : 2.33 (As of Dec. 2023)

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What is SKYX Platforms Debt-to-Equity?

SKYX Platforms's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $8.80 Mil. SKYX Platforms's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $29.04 Mil. SKYX Platforms's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $16.22 Mil. SKYX Platforms's debt to equity for the quarter that ended in Dec. 2023 was 2.33.

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 SKYX Platforms's Debt-to-Equity or its related term are showing as below:

SKYX' s Debt-to-Equity Range Over the Past 10 Years
Min: -95.97 Med: -0.14 Max: 3.75
Current: 2.33

During the past 9 years, the highest Debt-to-Equity Ratio of SKYX Platforms was 3.75. The lowest was -95.97. And the median was -0.14.

SKYX's Debt-to-Equity is ranked worse than
96.91% of 2622 companies
in the Industrial Products industry
Industry Median: 0.29 vs SKYX: 2.33

SKYX Platforms Debt-to-Equity Historical Data

The historical data trend for SKYX Platforms'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.

SKYX Platforms Debt-to-Equity Chart

SKYX Platforms Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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-0.15

-0.78

-95.97

3.75

2.33

SKYX Platforms Quarterly Data
	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															3.75	4.08	1.65	2.15	2.33

Competitive Comparison of SKYX Platforms's Debt-to-Equity

For the Electrical Equipment & Parts subindustry, SKYX Platforms'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.

SKYX Platforms's Debt-to-Equity Distribution in the Industrial Products Industry

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

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

SKYX Platforms Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

SKYX Platforms'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
	=	(8.798	+	29.043)	/	16.222
	=	2.33

SKYX Platforms'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
	=	(8.798	+	29.043)	/	16.222
	=	2.33

SKYX Platforms (NAS:SKYX) 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.

SKYX Platforms Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of SKYX Platforms's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

SKYX Platforms (SKYX Platforms) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » SKYX Platforms Corp (NAS:SKYX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

2855 West McNab Road, Pompano Beach, FL, USA, 33069

Website

https://www.skyplug.com/

SKYX Platforms Corp operates in the business of developing proprietary technology that enables a quick and safe installation of electrical fixtures, such as light fixtures and ceiling fans. The company's technology consists of a weight bearing, fixable socket and a revolving plug for conducting electric power and supporting an electrical appliance attached to a wall or ceiling. The socket is comprised of a nonconductive body that houses conductive rings connectable to an electric power supply through terminals in its side exterior. The plug is also comprised of a nonconductive body that houses corresponding conductive rings, attaches to the socket via a male post and is capable of feeding electric power to an appliance. The Company generates its income from the United States.

Executives

John P. Campi	officer: Chief Executive Officer	C/O SAFETY QUICK LIGHTING & FANS CORP., 4400 NORTH POINT PARKWAY, SUITE 154, ALPHARETTA GA 30022
Ran Roland Kohen	director, 10 percent owner	20735 NE 32 PL, AVENTURA FL 33180
Dov Shiff	director, 10 percent owner	C/O SAFETY QUICK LIGHTING & FANS CORP., 4400 NORTH POINT PARKWAY, SUITE 154, ALPHARETTA GA 30022
Steven Mark Schmidt	officer: President	36 S. PENNSYLVANIA STREET, SUITE 500, INDIANAPOLIS IN 46204
Nancy Dimattia	director	C/O 14000 CARLSON PARKWAY, PLYMOUTH MN 55441
Marc Andre Boisseau	officer: Chief Financial Officer	1650 OAKBROOK DRIVE, NORCROSS GA 30093
Patricia Ann Barron	officer: Chief Operations Officer	4400 NORTH POINT PARKWAY, SUITE 154, ALPHARETTA GA 30022
Gary N Golden	director	C/O SQL TECHNOLOGIES CORP., 11030 JONES BRIDGE ROAD, STE. 206, JOHNS CREEK GA 30022
Greenstein Brayer Efrat L	director	C/O SQL TECHNOLOGIES CORP., 11030 JONES BRIDGE ROAD, STE. 206, JOHNS CREEK GA 30022
Mark J Wells	officer: President	1219 WEST 67TH STREET, CLEVELAND OH 44102
Leonard J Sokolow	director	REGATTA OFFICE PARK, WINDWARD THREE, 4TH FLOOR, WEST BAY ROAD, P.O. BOX 1114, GRAND CAYMAN E9 E9 KY11102
Thomas J Ridge	director	C/O SAFETY QUICK LIGHTING & FANS CORP., 4400 NORTH POINT PARKWAY, SUITE 154, ALPHARETTA GA 30022
Phillips S. Peter	director	C/O SAFETY QUICK LIGHTING & FANS CORP., 4400 NORTH POINT PARKWAY, SUITE 154, ALPHARETTA GA 30022
Montek 7 Sql Llc	10 percent owner	C/O SAFETY QUICK LIGHTING & FANS CORP., 4400 NORTH POINT PARKWAY, SUITE 154, ALPHARETTA GA 30022