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Clearday's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $19.88 Mil. Clearday's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $4.54 Mil. Clearday's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $-44.54 Mil. Clearday's debt to equity for the quarter that ended in Sep. 2023 was -0.55.
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 Clearday's Debt-to-Equity or its related term are showing as below:
During the past 3 years, the highest Debt-to-Equity Ratio of Clearday was -0.54. The lowest was -2.74. And the median was -1.25.
The historical data trend for Clearday'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.
Clearday Annual Data | |||||||
Trend | Dec20 | Dec21 | Dec22 | ||||
Debt-to-Equity | -2.74 | -1.71 | -1.05 |
Clearday Quarterly Data | |||||||||||||
Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | |
Debt-to-Equity | Get a 7-Day Free Trial | -1.11 | -1.05 | -0.57 | -0.54 | -0.55 |
For the Medical Care Facilities subindustry, Clearday'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.
For the Healthcare Providers & Services industry and Healthcare sector, Clearday's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Clearday's Debt-to-Equity falls into.
Debt to Equity measures the financial leverage a company has.
Clearday's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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 | |
= | (19.255 | + | 25.809) | / | -43.104 | |
= | -1.05 |
Clearday's Debt to Equity Ratio for the quarter that ended in Sep. 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 | |
= | (19.879 | + | 4.544) | / | -44.54 | |
= | -0.55 |
* 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.
Clearday (OTCPK:CLRD) 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.
Thank you for viewing the detailed overview of Clearday's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
James Walesa | director, 10 percent owner, officer: Chief Executive Officer | 1460 RENAISSANCE DR., #212, PARK RIDGE IL 60068 |
Watson Robert Glen Jr. | director | 602 ALTA AVENUE, SAN ANTONIO TX 78217 |
Billie Jay Parrish | director, officer: Chief Operating Officer | C/O CLEARDAY, INC., 8800 VILLAGE DRIVE, SUITE 106, SAN ANTONIO TX 78217 |
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