SolarMax Technology (SolarMax Technology) Debt-to-Equity : -64.39 (As of Mar. 2024)

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What is SolarMax Technology Debt-to-Equity?

SolarMax Technology's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $21.40 Mil. SolarMax Technology's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $16.27 Mil. SolarMax Technology's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $-0.59 Mil. SolarMax Technology's debt to equity for the quarter that ended in Mar. 2024 was -64.39.

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

SMXT' s Debt-to-Equity Range Over the Past 10 Years
Min: -11.01 Med: -2.64 Max: 36.45
Current: -2.64

During the past 7 years, the highest Debt-to-Equity Ratio of SolarMax Technology was 36.45. The lowest was -11.01. And the median was -2.64.

SMXT's Debt-to-Equity is not ranked
in the Semiconductors industry.
Industry Median: 0.27 vs SMXT: -2.64

SolarMax Technology Debt-to-Equity Historical Data

The historical data trend for SolarMax Technology'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.

SolarMax Technology Debt-to-Equity Chart

SolarMax Technology Annual Data

Trend

Dec16

Dec17

Dec18

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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36.45

-11.01

-5.75

-2.96

-2.64

SolarMax Technology Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															-2.96	-2.46	-2.63	-2.64	-64.39

Competitive Comparison of SolarMax Technology's Debt-to-Equity

For the Solar subindustry, SolarMax Technology'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.

SolarMax Technology's Debt-to-Equity Distribution in the Semiconductors Industry

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

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

SolarMax Technology Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

SolarMax Technology's Debt to Equity Ratio for the fiscal year 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
	=	(23.536	+	18.348)	/	-15.888
	=	-2.64

SolarMax Technology's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(21.404	+	16.265)	/	-0.585
	=	-64.39

SolarMax Technology (NAS:SMXT) 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.

SolarMax Technology Debt-to-Equity Related Terms

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SolarMax Technology (SolarMax Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » SolarMax Technology Inc (NAS:SMXT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

6W1:Germany

Address

3080 12th Street, Riverside, CA, USA, 92507

Website

http://www.solarmaxtech.com

SolarMax Technology Inc is an integrated solar and renewable energy company. It operates in two segments namely the United States and China. The United States business includes the sale and installation of photovoltaic and battery backup systems. China operations consist of operating and maintaining solar farm projects and identifying and procuring solar farm projects for resale to third parties. Some of its products are LG Solar Panels, QCELL Solar Panels, Panasonic Solar Panels, and others. The company generates a majority of its revenue from the Solar energy systems.

SolarMax Technology (SolarMax Technology) Headlines

From GuruFocus

SolarMax Technology, Inc. Announces Pricing of Initial Public Offering and listing on Nasdaq

By PRNewswire • 02-27-2024