Dragonfly Energy Holdings (Dragonfly Energy Holdings) Debt-to-Equity : 2.60 (As of Mar. 2024)

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What is Dragonfly Energy Holdings Debt-to-Equity?

Dragonfly Energy Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $23.56 Mil. Dragonfly Energy Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $22.82 Mil. Dragonfly Energy Holdings's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $17.81 Mil. Dragonfly Energy Holdings's debt to equity for the quarter that ended in Mar. 2024 was 2.60.

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

DFLI' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.93 Max: 4.05
Current: 2.6

During the past 4 years, the highest Debt-to-Equity Ratio of Dragonfly Energy Holdings was 4.05. The lowest was 0.01. And the median was 0.93.

DFLI's Debt-to-Equity is ranked worse than
97.19% of 2630 companies
in the Industrial Products industry
Industry Median: 0.29 vs DFLI: 2.60

Dragonfly Energy Holdings Debt-to-Equity Historical Data

The historical data trend for Dragonfly Energy 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.

* Premium members only.

Dragonfly Energy Holdings Debt-to-Equity Chart

Dragonfly Energy Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.12

2.78

2.24

0.84

Dragonfly Energy Holdings Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial									0.81	0.82	0.93	0.84	2.60

Competitive Comparison of Dragonfly Energy Holdings's Debt-to-Equity

For the Electrical Equipment & Parts subindustry, Dragonfly Energy 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.

Dragonfly Energy Holdings's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Dragonfly Energy Holdings's Debt-to-Equity distribution charts can be found below:

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

Dragonfly Energy Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Dragonfly Energy 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
	=	(21.007	+	2.3)	/	27.912
	=	0.84

Dragonfly Energy Holdings'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
	=	(23.556	+	22.819)	/	17.811
	=	2.60

Dragonfly Energy Holdings (NAS:DFLI) 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.

Dragonfly Energy Holdings Debt-to-Equity Related Terms

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Dragonfly Energy Holdings (Dragonfly Energy Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Dragonfly Energy Holdings Corp (NAS:DFLI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1190 Trademark Drive, No. 108, Reno, NV, USA, 89521

Website

https://www.dragonflyenergy.com

Dragonfly Energy Holdings Corp is a manufacturer of non-toxic deep cycle lithium-ion batteries that are designed to displace lead acid batteries in a number of different storage applications and end markets including RV, marine vessel, and solar and off-grid industries, with disruptive solid-state cell technology currently under development.

Executives

Wade Seaburg	officer: Chief Revenue Officer	C/O DRAGONFLY ENERGY HOLDINGS CORP., 1190 TRADEMARK DRIVE #108, RENO NV 89521
Karina Edmonds	director	1190 TRADEMARK DRIVE, #108, RENO NV 89521
Luisa Ingargiola	director	4826 BLUE JAY CIRCLE, PALM HARBOR FL 34683
Brian James Nelson	director	C/O DRAGONFLY ENERGY CORP., 1190 TRADEMARK DR., SUITE 108, RENO NV 89521
Jonathan Bellows	director	C/O DRAGONFLY ENERGY CORP., 1190 TRADEMARK DR., SUITE 118, RENO NV 89521
Dynavolt Technology (hk) Ltd.	10 percent owner	A1601 COMPREHENSIVE BUSINESS BUILDING, MENGSHI INTERNATIONAL PLAZA,GUANGYI ROAD, CHENG HAI, GUANGDONG F4 00000
Tyler Bourns	officer: Senior VP of Marketing	1190 TRADEMARK DRIVE, #118, RENO NV 89521
Joan Buell	officer: Controller	1190 TRADEMARK DRIVE, #118, RENO NV 89521
Nicole Harvey	officer: Gen Counsel,Comp Off,Corp Sec	1190 TRADEMARK DRIVE, #118, RENO NV 89521
Sean Nichols	officer: Chief Operating Officer	1190 TRADEMARK DRIVE, #108, RENO NV 89521
Denis Phares	director, 10 percent owner, officer: President and CEO	1190 TRADEMARK DRIVE, #108, RENO NV 89521
John Marchetti	officer: Chief Financial Officer	3736 FALLON ROAD #428, DUBLIN CA 94568
Rick Parod	director	2707 N 108TH STREET STE102, OMAHA NE 68164
Roderick A. Hardamon	director	17 STATE STREET, 21ST FLOOR, NEW YORK NY 10004
Hitesh Thakrar	director	17 STATE STREET, 21ST FLOOR, NEW YORK NY 10004