XTI Aerospace (XTI Aerospace) Debt-to-Equity : 1.43 (As of Dec. 2023)

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What is XTI Aerospace Debt-to-Equity?

XTI Aerospace's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $8.94 Mil. XTI Aerospace's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.14 Mil. XTI Aerospace's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $6.34 Mil. XTI Aerospace's debt to equity for the quarter that ended in Dec. 2023 was 1.43.

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 XTI Aerospace's Debt-to-Equity or its related term are showing as below:

XTIA' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.52 Med: 0.39 Max: 1.43
Current: 1.43

During the past 3 years, the highest Debt-to-Equity Ratio of XTI Aerospace was 1.43. The lowest was -0.52. And the median was 0.39.

XTIA's Debt-to-Equity is ranked worse than
86.43% of 258 companies
in the Aerospace & Defense industry
Industry Median: 0.43 vs XTIA: 1.43

XTI Aerospace Debt-to-Equity Historical Data

The historical data trend for XTI Aerospace'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.

XTI Aerospace Debt-to-Equity Chart

XTI Aerospace Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Equity

-0.52

0.39

1.43

XTI Aerospace Semi-Annual Data
	Dec21	Dec22	Dec23
Debt-to-Equity	-0.52	0.39	1.43

Competitive Comparison of XTI Aerospace's Debt-to-Equity

For the Aerospace & Defense subindustry, XTI Aerospace'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.

XTI Aerospace's Debt-to-Equity Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, XTI Aerospace's Debt-to-Equity distribution charts can be found below:

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

XTI Aerospace Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

XTI Aerospace'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
	=	(8.939	+	0.141)	/	6.339
	=	1.43

XTI Aerospace'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
	=	(8.939	+	0.141)	/	6.339
	=	1.43

XTI Aerospace (NAS:XTIA) 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.

XTI Aerospace Debt-to-Equity Related Terms

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XTI Aerospace (XTI Aerospace) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » XTI Aerospace Inc (NAS:XTIA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

7625 South Peoria Street, Suite D11, Englewood, CO, USA, 80112

Website

https://www.xtiaircraft.com

XTI Aerospace Inc is a development-stage aircraft manufacturer. XTI is developing a vertical takeoff and landing (VTOL) aircraft, the TriFan 600, which is a design-stage six-passenger aircraft that it anticipates will provide point-to-point air travel over distances of up to 700 miles while significantly reducing carbon emissions per mile compared to today's gasoline-powered jet aircraft and helicopters. The TriFan 600 is expected to have a wide usage ranging from private and commercial aviation services for businesses and high-net-worth individuals to emergency medical services (EMS).

XTI Aerospace (XTI Aerospace) Headlines

From GuruFocus

XTI Aerospace to Host Business Update Presentation on March 25, 2024 to Outline the Company's Corporate Strategy

By PRNewswire • 03-20-2024