Innerscope Hearing Technologies (Innerscope Hearing Technologies) Debt-to-Equity : -0.53 (As of Dec. 2020)

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What is Innerscope Hearing Technologies Debt-to-Equity?

Innerscope Hearing Technologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2020 was $3.86 Mil. Innerscope Hearing Technologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2020 was $1.62 Mil. Innerscope Hearing Technologies's Total Stockholders Equity for the quarter that ended in Dec. 2020 was $-10.35 Mil. Innerscope Hearing Technologies's debt to equity for the quarter that ended in Dec. 2020 was -0.53.

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 Innerscope Hearing Technologies's Debt-to-Equity or its related term are showing as below:

INND's Debt-to-Equity is not ranked ^*
in the Medical Devices & Instruments industry.
Industry Median: 0.22
* Ranked among companies with meaningful Debt-to-Equity only.

Innerscope Hearing Technologies Debt-to-Equity Historical Data

The historical data trend for Innerscope Hearing Technologies'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.

Innerscope Hearing Technologies Debt-to-Equity Chart

Innerscope Hearing Technologies Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Debt-to-Equity

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-0.78

-0.72

-0.70

-0.53

Innerscope Hearing Technologies Quarterly Data
	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20
Debt-to-Equity	Get a 7-Day Free Trial															-0.70	-0.41	-0.58	-0.57	-0.53

Competitive Comparison of Innerscope Hearing Technologies's Debt-to-Equity

For the Medical Instruments & Supplies subindustry, Innerscope Hearing Technologies'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.

Innerscope Hearing Technologies's Debt-to-Equity Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Innerscope Hearing Technologies's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Innerscope Hearing Technologies's Debt-to-Equity falls into.

Innerscope Hearing Technologies Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Innerscope Hearing Technologies's Debt to Equity Ratio for the fiscal year that ended in Dec. 2020 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
	=	(3.858	+	1.617)	/	-10.353
	=	-0.53

Innerscope Hearing Technologies's Debt to Equity Ratio for the quarter that ended in Dec. 2020 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
	=	(3.858	+	1.617)	/	-10.353
	=	-0.53

Innerscope Hearing Technologies (OTCPK:INND) 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.

Innerscope Hearing Technologies Debt-to-Equity Related Terms

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Innerscope Hearing Technologies (Innerscope Hearing Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Innerscope Hearing Technologies Inc (OTCPK:INND) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

2151 Professional Drive, Second Floor, Roseville, CA, USA, 95661

Website

https://www.innd.com

Innerscope Hearing Technologies Inc is a manufacturer and a DTC distributor/retailer of FDA-registered hearing aids, personal sound amplifier products, hearing-related treatment therapies, doctor-formulated dietary hearing supplements, and proprietary CDB oil for treating tinnitus. It also owns and operates audiological and retail hearing device clinics and plans to continue to open and acquire additional clinics. The company operates retail hearing device clinics in California.