Elspec Engineering (XTAE:ELSPC) Debt-to-Equity : 0.06 (As of Dec. 2023)

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What is Elspec Engineering Debt-to-Equity?

Elspec Engineering's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₪2.17 Mil. Elspec Engineering's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₪2.22 Mil. Elspec Engineering's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₪76.31 Mil. Elspec Engineering's debt to equity for the quarter that ended in Dec. 2023 was 0.06.

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 Elspec Engineering's Debt-to-Equity or its related term are showing as below:

XTAE:ELSPC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.13 Max: 0.24
Current: 0.06

During the past 11 years, the highest Debt-to-Equity Ratio of Elspec Engineering was 0.24. The lowest was 0.06. And the median was 0.13.

XTAE:ELSPC's Debt-to-Equity is ranked better than
81.36% of 2613 companies
in the Industrial Products industry
Industry Median: 0.28 vs XTAE:ELSPC: 0.06

Elspec Engineering Debt-to-Equity Historical Data

The historical data trend for Elspec Engineering'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.

Elspec Engineering Debt-to-Equity Chart

Elspec Engineering Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.24

0.15

0.10

0.06

Elspec Engineering Semi-Annual Data
	Dec13	Dec14	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial													0.10	0.11	0.10	0.08	0.06

Competitive Comparison of Elspec Engineering's Debt-to-Equity

For the Electrical Equipment & Parts subindustry, Elspec Engineering'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.

Elspec Engineering's Debt-to-Equity Distribution in the Industrial Products Industry

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

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

Elspec Engineering Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Elspec Engineering'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
	=	(2.165	+	2.222)	/	76.313
	=	0.06

Elspec Engineering'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
	=	(2.165	+	2.222)	/	76.313
	=	0.06

Elspec Engineering (XTAE:ELSPC) 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.

Elspec Engineering Debt-to-Equity Related Terms

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

Elspec Engineering (XTAE:ELSPC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Elspec Engineering Ltd (XTAE:ELSPC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

4 HaShoham Street, Zone 23, Caesarea Industrial Park, P.O. Box 3019, Caesarea, ISR, 38900

Website

http://www.elspec-ltd.com

Elspec Engineering Ltd is a provider of power quality solutions & services. It provides electrical power quality analyzers, real-time power factor correction systems, and energy saving solutions to the industrial, commercial, and utility industries. It has three research and development departments such as software and signal processing engineers, hardware analog, digital and power electricians.

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