Ondo InsurTech (LSE:ONDO) Debt-to-Equity : -1.06 (As of Sep. 2023)

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What is Ondo InsurTech Debt-to-Equity?

Ondo InsurTech's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was £0.00 Mil. Ondo InsurTech's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was £6.14 Mil. Ondo InsurTech's Total Stockholders Equity for the quarter that ended in Sep. 2023 was £-5.79 Mil. Ondo InsurTech's debt to equity for the quarter that ended in Sep. 2023 was -1.06.

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 Ondo InsurTech's Debt-to-Equity or its related term are showing as below:

LSE:ONDO' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.51 Med: -1.28 Max: -1.06
Current: -1.06

During the past 0 years, the highest Debt-to-Equity Ratio of Ondo InsurTech was -1.06. The lowest was -1.51. And the median was -1.28.

LSE:ONDO's Debt-to-Equity is not ranked
in the Hardware industry.
Industry Median: 0.29 vs LSE:ONDO: -1.06

Ondo InsurTech Debt-to-Equity Historical Data

The historical data trend for Ondo InsurTech'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.

Ondo InsurTech Debt-to-Equity Chart

Ondo InsurTech Annual Data

Trend

Debt-to-Equity

Ondo InsurTech Semi-Annual Data
	Aug21	Feb22	Aug22	Sep23
Debt-to-Equity	-	-	-1.51	-1.06

Competitive Comparison of Ondo InsurTech's Debt-to-Equity

For the Scientific & Technical Instruments subindustry, Ondo InsurTech'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.

Ondo InsurTech's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Ondo InsurTech's Debt-to-Equity distribution charts can be found below:

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

Ondo InsurTech Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ondo InsurTech's Debt to Equity Ratio for the fiscal year that ended in . 20 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
	=	(	+	)	/	N/A
	=	N/A

Ondo InsurTech'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
	=	(0	+	6.142)	/	-5.787
	=	-1.06

Ondo InsurTech (LSE:ONDO) 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.

Ondo InsurTech Debt-to-Equity Related Terms

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

Ondo InsurTech (LSE:ONDO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ondo InsurTech PLC (LSE:ONDO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

1AI:Germany

Address

60 Gracechurch Street, 6th Floor, London, GBR, EC3V 0HR

Website

https://www.ondoplc.com

Ondo InsurTech PLC is into the Insuretech business in the home insurance Industry. The company's Leakbot system comprises a self-install sensor that clips to a pipe and detects a leak anywhere on a main water system. The company derives revenue from water leak detection devices, water leak detection services, Repair services, and consultancy services. The company has a geographical presence in the UK, USA, and Europe. The company derives the majority of its revenue from the UK.

Ondo InsurTech (LSE:ONDO) Headlines

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