Sophia Genetics (Sophia Genetics) Debt-to-Equity : 0.13 (As of Mar. 2024)

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What is Sophia Genetics Debt-to-Equity?

Sophia Genetics's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $2.70 Mil. Sophia Genetics's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $14.74 Mil. Sophia Genetics's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $132.23 Mil. Sophia Genetics's debt to equity for the quarter that ended in Mar. 2024 was 0.13.

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

SOPH' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05 Med: 0.08 Max: 0.38
Current: 0.13

During the past 6 years, the highest Debt-to-Equity Ratio of Sophia Genetics was 0.38. The lowest was 0.05. And the median was 0.08.

SOPH's Debt-to-Equity is ranked better than
74.46% of 552 companies
in the Healthcare Providers & Services industry
Industry Median: 0.49 vs SOPH: 0.13

Sophia Genetics Debt-to-Equity Historical Data

The historical data trend for Sophia Genetics'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.

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Sophia Genetics Debt-to-Equity Chart

Sophia Genetics Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.38

0.07

0.05

0.08

0.12

Sophia Genetics Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial													0.10	0.12	0.11	0.12	0.13

Competitive Comparison of Sophia Genetics's Debt-to-Equity

For the Health Information Services subindustry, Sophia Genetics'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.

Sophia Genetics's Debt-to-Equity Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Sophia Genetics's Debt-to-Equity distribution charts can be found below:

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

Sophia Genetics Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sophia Genetics'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
	=	(2.928	+	15.673)	/	151.442
	=	0.12

Sophia Genetics'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
	=	(2.704	+	14.738)	/	132.232
	=	0.13

Sophia Genetics (NAS:SOPH) 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.

Sophia Genetics Debt-to-Equity Related Terms

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Sophia Genetics (Sophia Genetics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Sophia Genetics SA (NAS:SOPH) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

90B:Germany

Address

Rue du Centre 172, Saint-Sulpice, CHE, CH-1025

Website

https://www.sophiagenetics.com

Sophia Genetics SA is a healthcare technology company dedicated to establishing the practice of data-driven medicine as the standard of care and for life sciences research. It has built a cloud-based SaaS platform capable of analyzing data and generating insights from complex multimodal data sets and different diagnostic modalities.