Foresight Autonomous Holdings (XTAE:FRSX) Debt-to-Equity : 0.11 (As of Dec. 2023)

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What is Foresight Autonomous Holdings Debt-to-Equity?

Foresight Autonomous Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₪1.73 Mil. Foresight Autonomous Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₪4.30 Mil. Foresight Autonomous Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₪56.88 Mil. Foresight Autonomous Holdings's debt to equity for the quarter that ended in Dec. 2023 was 0.11.

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 Foresight Autonomous Holdings's Debt-to-Equity or its related term are showing as below:

XTAE:FRSX' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.07 Max: 0.11
Current: 0.11

During the past 10 years, the highest Debt-to-Equity Ratio of Foresight Autonomous Holdings was 0.11. The lowest was 0.03. And the median was 0.07.

XTAE:FRSX's Debt-to-Equity is ranked better than
82.11% of 1174 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs XTAE:FRSX: 0.11

Foresight Autonomous Holdings Debt-to-Equity Historical Data

The historical data trend for Foresight Autonomous Holdings'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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Foresight Autonomous Holdings Debt-to-Equity Chart

Foresight Autonomous Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.09

0.03

0.06

0.07

0.11

Foresight Autonomous Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.07	0.08	0.10	0.11	0.11

Competitive Comparison of Foresight Autonomous Holdings's Debt-to-Equity

For the Auto Parts subindustry, Foresight Autonomous Holdings'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.

Foresight Autonomous Holdings's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Foresight Autonomous Holdings's Debt-to-Equity distribution charts can be found below:

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

Foresight Autonomous Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Foresight Autonomous Holdings'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
	=	(1.729	+	4.298)	/	56.878
	=	0.11

Foresight Autonomous Holdings'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
	=	(1.729	+	4.298)	/	56.878
	=	0.11

Foresight Autonomous Holdings (XTAE:FRSX) 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.

Foresight Autonomous Holdings Debt-to-Equity Related Terms

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Foresight Autonomous Holdings (XTAE:FRSX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Foresight Autonomous Holdings Ltd (XTAE:FRSX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

FRSX:USA

Address

7 Golda Meir Street, Weizmann Science Park, Ness Ziona, ISR, 7403650

Website

https://www.foresightauto.com

Foresight Autonomous Holdings Ltd is a technology company engaged in the design, development and commercialization of vision systems for the automotive industry. The company develops both in-line-of-sight vision systems and beyond-line-of-sight cellular-based applications through its wholly-owned subsidiaries. Its systems are designed to improve driving safety by enabling highly accurate and reliable threat detection while ensuring the lowest rates of false alerts. Foresight is pursuing several markets and believes its advanced systems will revolutionize automotive safety by providing an automotive-grade, cost-effective platform.