GETECH Group (LSE:GTC) Debt-to-Equity : 0.10 (As of Jun. 2023)

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What is GETECH Group Debt-to-Equity?

GETECH Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was £0.11 Mil. GETECH Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was £0.53 Mil. GETECH Group's Total Stockholders Equity for the quarter that ended in Jun. 2023 was £6.74 Mil. GETECH Group's debt to equity for the quarter that ended in Jun. 2023 was 0.09.

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 GETECH Group's Debt-to-Equity or its related term are showing as below:

LSE:GTC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.09 Max: 0.15
Current: 0.1

During the past 13 years, the highest Debt-to-Equity Ratio of GETECH Group was 0.15. The lowest was 0.02. And the median was 0.09.

LSE:GTC's Debt-to-Equity is ranked better than
83.59% of 829 companies
in the Oil & Gas industry
Industry Median: 0.45 vs LSE:GTC: 0.10

GETECH Group Debt-to-Equity Historical Data

The historical data trend for GETECH Group'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.

GETECH Group Debt-to-Equity Chart

GETECH Group Annual Data

Trend

Jul12

Jul13

Jul14

Jul15

Jul16

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.12

0.14

0.15

0.09

GETECH Group Semi-Annual Data
	Jul13	Jan14	Jul14	Jan15	Jul15	Jan16	Jul16	Jan17	Jul17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Debt-to-Equity	Get a 7-Day Free Trial															0.06	0.09	0.07	0.09	0.10

Competitive Comparison of GETECH Group's Debt-to-Equity

For the Oil & Gas Equipment & Services subindustry, GETECH Group'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.

GETECH Group's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, GETECH Group's Debt-to-Equity distribution charts can be found below:

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

GETECH Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

GETECH Group'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
	=	(0.238	+	0.609)	/	9.38
	=	0.09

GETECH Group's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(0.11	+	0.527)	/	6.737
	=	0.09

GETECH Group (LSE:GTC) 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.

GETECH Group Debt-to-Equity Related Terms

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GETECH Group (LSE:GTC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » GETECH Group PLC (LSE:GTC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

3AS:Germany

Address

Elmete Lane, Kitson House, Elmete Hall, West Yorkshire, Leeds, GBR, LS8 2LJ

Website

https://www.getech.com

GETECH Group PLC is a UK-based geosciences service provider company. It is engaged in the provision of geological services, reports, and data to the petroleum and mining industries to assist in their exploration activities. The company organizes its operations into two main segments: Products and Services. It derives its revenue from the Product segment. It has operations in the Americas, the United Kingdom, the Rest of Europe, Asia-Pacific, Africa, and others.

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