Machten (Machten) Debt-to-Equity : 1.87 (As of Sep. 2023)

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What is Machten Debt-to-Equity?

Machten's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $15.08 Mil. Machten's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.64 Mil. Machten's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $8.42 Mil. Machten's debt to equity for the quarter that ended in Sep. 2023 was 1.87.

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

MACT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.95 Max: 1.87
Current: 1.87

During the past 0 years, the highest Debt-to-Equity Ratio of Machten was 1.87. The lowest was 0.03. And the median was 0.95.

MACT's Debt-to-Equity is ranked worse than
80.58% of 345 companies
in the Telecommunication Services industry
Industry Median: 0.65 vs MACT: 1.87

Machten Debt-to-Equity Historical Data

The historical data trend for Machten'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.

Machten Debt-to-Equity Chart

Machten Annual Data

Trend

Debt-to-Equity

Machten Quarterly Data
	Jun22	Sep22	Jun23	Sep23
Debt-to-Equity	N/A	N/A	0.03	1.87

Competitive Comparison of Machten's Debt-to-Equity

For the Telecom Services subindustry, Machten'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.

Machten's Debt-to-Equity Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Machten's Debt-to-Equity distribution charts can be found below:

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

Machten Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Machten'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

Machten'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
	=	(15.078	+	0.644)	/	8.422
	=	1.87

Machten (OTCPK:MACT) 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.

Machten Debt-to-Equity Related Terms

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

Machten (Machten) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Machten Inc (OTCPK:MACT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1516 Barlow Street, Suite D, Traverse City, MI, USA, 49686

Website

Machten Inc is an integrated provider of voice, broadband, and internet access services. It provides high-speed broadband services, including internet access, through fiber optic facilities, copper-based DSL, fixed wireless facilities, and coaxial cable via cable modems.

Executives

Mario J Gabelli	10 percent owner	191 MASON STREET, GREENWICH CT 06830
Ggcp, Inc.	10 percent owner	189 MASON STREET, GREENWICH CT 06830
Ggcp Holdings Llc	10 percent owner	140 GREENWICH AVENUE, GREENWICH CT 06830
Lict Corp	10 percent owner	401 THEODORE FREMD AVE, RYE NY 10580
Patrick J Hansen	director	C/O MACHTEN, INC., 1516 BARLOW STREET, SUITE D, TRAVERSE CITY MI 49686
Stephen J. Moore	officer: Interim CFO	C/O MACHTEN, INC., 1516 BARLOW STREET, SUITE D, TRAVERSE CITY MI 49686
Katherine Tansey	director	C/O MACHTEN, INC., 1516 BARLOW STREET, SUITE D, TRAVERSE CITY MI 49686
Gary L Sugarman	director	C/O MACHTEN, INC., 1516 BARLOW STREET, SUITE D, TRAVERSE CITY MI 49686
Philip J. Lombardo	director	C/O MACHTEN, INC., 1516 BARLOW STREET, SUITE D, TRAVERSE CITY MI 49686
Daniel M. Miller	director, officer: Chief Executive Officer	C/O MACHTEN, INC., 1516 BARLOW STREET, SUITE D, TRAVERSE CITY MI 49686

Machten (Machten) Headlines

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