ASP Isotopes (ASP Isotopes) Debt-to-Equity : 2.29 (As of Mar. 2024)

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What is ASP Isotopes Debt-to-Equity?

ASP Isotopes's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.77 Mil. ASP Isotopes's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $23.32 Mil. ASP Isotopes's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $10.52 Mil. ASP Isotopes's debt to equity for the quarter that ended in Mar. 2024 was 2.29.

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 ASP Isotopes's Debt-to-Equity or its related term are showing as below:

ASPI' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.12 Max: 2.29
Current: 2.29

During the past 3 years, the highest Debt-to-Equity Ratio of ASP Isotopes was 2.29. The lowest was 0.07. And the median was 0.12.

ASPI's Debt-to-Equity is ranked worse than
96.56% of 1394 companies
in the Chemicals industry
Industry Median: 0.355 vs ASPI: 2.29

ASP Isotopes Debt-to-Equity Historical Data

The historical data trend for ASP Isotopes'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.

ASP Isotopes Debt-to-Equity Chart

ASP Isotopes Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Equity

0.16

0.08

0.13

ASP Isotopes Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial					0.07	0.07	0.08	0.13	2.29

Competitive Comparison of ASP Isotopes's Debt-to-Equity

For the Chemicals subindustry, ASP Isotopes'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.

ASP Isotopes's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, ASP Isotopes's Debt-to-Equity distribution charts can be found below:

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

ASP Isotopes Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

ASP Isotopes'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
	=	(0.869	+	1.274)	/	16.296
	=	0.13

ASP Isotopes'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
	=	(0.772	+	23.316)	/	10.518
	=	2.29

ASP Isotopes (NAS:ASPI) 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.

ASP Isotopes Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of ASP Isotopes's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

ASP Isotopes (ASP Isotopes) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » ASP Isotopes Inc (NAS:ASPI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

433 Plaza Real, Suite 275, Boca Raton, FL, USA, 33432

Website

https://www.aspisotopes.com

ASP Isotopes Inc is a pre-commercial stage advanced materials company dedicated to the development of technology and processes that, if successful, will allow for the production of isotopes that may be used in several industries. The company utilizes technology developed in South Africa over the past 20 years to enrich isotopes of elements or molecules with low atomic masses.

Executives

Todd Wider	director	4848 LEMMON AVENUE, SUITE 517, DALLAS TX 75219
Duncan Moore	director	C/O ASP ISOTOPES INC., 433 PLAZA REAL, SUITE 275, BOCA RATON FL 33432
Joshua Jay Donfeld	director	C/O ASP ISOTOPES INC., 433 PLAZA REAL, SUITE 275, BOCA RATON FL 90210
Ak Jensen Investment Management Ltd	10 percent owner	1 CORNHILL, LONDON X0 EC3V 3ND
Sergey Vasnetsov	director	C/O ASP ISOTOPES INC., 433 PLAZA REAL, SUITE 275, BOCA RATON FL 33432
Paul Elliot Mann	director, 10 percent owner, officer: Chief Executive Officer	C/O ASP ISOTOPES INC., 433 PLAZA REAL, SUITE 275, BOCA RATON FL 33432
Einar Ronander	10 percent owner, other: Chief Scientific Adviser	C/O ASP ISOTOPES INC., 433 PLAZA REAL, SUITE 275, BOCA RATON FL 33432
Robert Ainscow	officer: Chief Financial Officer	C/O ASP ISOTOPES INC., 433 PLAZA REAL, SUITE 275, BOCA RATON FL 33432
Hendrik Strydom	director, 10 percent owner	C/O ASP ISOTOPES INC., 433 PLAZA REAL, SUITE 275, BOCA RATON FL 33432