Presto Automation (Presto Automation) Debt-to-Equity : -1.42 (As of Dec. 2023)

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What is Presto Automation Debt-to-Equity?

Presto Automation's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $59.56 Mil. Presto Automation's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.02 Mil. Presto Automation's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-41.83 Mil. Presto Automation's debt to equity for the quarter that ended in Dec. 2023 was -1.42.

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

PRST' s Debt-to-Equity Range Over the Past 10 Years
Min: -4.87 Med: -1.23 Max: 48.83
Current: -1.42

During the past 4 years, the highest Debt-to-Equity Ratio of Presto Automation was 48.83. The lowest was -4.87. And the median was -1.23.

PRST's Debt-to-Equity is not ranked
in the Software industry.
Industry Median: 0.21 vs PRST: -1.42

Presto Automation Debt-to-Equity Historical Data

The historical data trend for Presto Automation'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.

Presto Automation Debt-to-Equity Chart

Presto Automation Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

-1.12

-1.42

-1.03

-1.23

Presto Automation Quarterly Data
	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial									-4.87	-2.71	-1.23	-1.59	-1.42

Competitive Comparison of Presto Automation's Debt-to-Equity

For the Software - Application subindustry, Presto Automation'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.

Presto Automation's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, Presto Automation's Debt-to-Equity distribution charts can be found below:

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

Presto Automation Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Presto Automation's Debt to Equity Ratio for the fiscal year 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
	=	(52.67	+	3.136)	/	-45.227
	=	-1.23

Presto Automation's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(59.558	+	0.017)	/	-41.829
	=	-1.42

Presto Automation (NAS:PRST) 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.

Presto Automation Debt-to-Equity Related Terms

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Presto Automation (Presto Automation) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Presto Automation Inc (NAS:PRST) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

985 Industrial Road, San Carlos, CA, USA, 94070

Website

https://www.presto.com

Presto Automation Inc overlays next-gen digital solutions onto the physical world. It provides an accurate, next-gen solution that uses artificial intelligence to automate speech recognition for restaurant drive-thru. The Company earns substantially all of its revenue in the United States.

Executives

Keith E Kravcik	director	11840 VALLEY VIEW ROAD, EDEN PRAIRIE MN 55344
Dan Mosher	officer: Chief Revenue Officer	810 HAMILTON STREET, REDWOOD CITY CA 94063
Justin Foster	officer: Chief Revenue Officer	PRESTO AUTOMATION INC., 985 INDUSTRIAL ROAD, SAN CARLOS CA 94070
Cleveland Avenue Food & Beverage Fund Ii, Lp	10 percent owner	222 N. CANAL STREET, CHICAGO IL 60606
Nathan Cook	officer: Interim CFO	PRESTO AUTOMATION INC., 985 INDUSTRIAL ROAD, SAN CARLOS CA 94070
Xavier Casanova	officer: CHIEF OPERATING OFFICER	PRESTO AUTOMATION INC., 985 INDUSTRIAL ROAD, SAN CARLOS CA 94070
Rajat Suri	10 percent owner	525 MIDDLEFIELD ROAD, SUITE 250, MENLO PARK CA 94025
Stanley Mbugua	officer: Chief Accounting Officer	SKILLZ INC, PO BOX 455, SAN FRAN CA 94104
Scott David Raskin	director	QUOTIENT TECHNOLOGY INC., 1260 EAST STRINGHAM AVENUE, SUITE 600, SALT LAKE CITY UT 84106
Gail Zauder	director	122 EAST 82ND STREET, NEW YORK NY 10028
Kim A Lopdrup	director	1000 DARDEN CENTER DRIVE, ORLANDO FL 32837
Jonas Grossman	director, 10 percent owner	17 STREET, SUITE 1600, NEW YORK NY 10004
Ashish Ram Gupta	officer: Chief Financial Officer	810 HAMILTON STREET, REDWOOD CITY CA 94063
William Robert Healey	officer: Chief Technology Officer	810 HAMILTON STREET, REDWOOD CITY CA 94063
Romulus Elc B3 Special Opportunity, L.p.	10 percent owner	307 HARVARD STREET, CAMBRIDGE MA 02139