Omnia Wellness (Omnia Wellness) Debt-to-Equity : -0.99 (As of Sep. 2022)

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What is Omnia Wellness Debt-to-Equity?

Omnia Wellness's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2022 was $5.82 Mil. Omnia Wellness's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2022 was $0.41 Mil. Omnia Wellness's Total Stockholders Equity for the quarter that ended in Sep. 2022 was $-6.31 Mil. Omnia Wellness's debt to equity for the quarter that ended in Sep. 2022 was -0.99.

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

OMWS's Debt-to-Equity is not ranked ^*
in the Travel & Leisure industry.
Industry Median: 0.46
* Ranked among companies with meaningful Debt-to-Equity only.

Omnia Wellness Debt-to-Equity Historical Data

The historical data trend for Omnia Wellness'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.

Omnia Wellness Debt-to-Equity Chart

Omnia Wellness Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Debt-to-Equity

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N/A

-0.86

-0.58

-1.46

-1.17

Omnia Wellness Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Debt-to-Equity	Get a 7-Day Free Trial															-1.41	-1.35	-1.17	-1.09	-0.99

Competitive Comparison of Omnia Wellness's Debt-to-Equity

For the Leisure subindustry, Omnia Wellness'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.

Omnia Wellness's Debt-to-Equity Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Omnia Wellness's Debt-to-Equity distribution charts can be found below:

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

Omnia Wellness Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Omnia Wellness's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(4.227	+	1.837)	/	-5.2
	=	-1.17

Omnia Wellness's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(5.82	+	0.412)	/	-6.314
	=	-0.99

Omnia Wellness (OTCPK:OMWS) 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.

Omnia Wellness Debt-to-Equity Related Terms

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Omnia Wellness (Omnia Wellness) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Omnia Wellness Inc (OTCPK:OMWS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

999 18th Street, Suite 3000, Denver, CO, USA, 80202

Website

https://www.omniawellness.com

Omnia Wellness Inc Endo-Kinetic treatment provides a dynamic and effective full-body treatment to help soothe the body from pain, stress and exercise. Through SolaJet, AquaVive, SolaPro and Bodystop brands, the company is delivering wellness and value to users and professionals across the United States. Its flagship proprietary SolaJet Dry-Hydrotherapy System produces deep tissue penetration combined with therapeutic heat and sequential compression that combines three therapies in one to deliver the feeling of an hour-long traditional massage in as little as 15 minutes at an affordable price point for the user.