FOXX (Foxx Development Holdings) Debt-to-Equity : -2.09 (As of Mar. 2024)

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What is Foxx Development Holdings Debt-to-Equity?

Foxx Development Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $5.35 Mil. Foxx Development Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.17 Mil. Foxx Development Holdings's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $-2.65 Mil. Foxx Development Holdings's debt to equity for the quarter that ended in Mar. 2024 was -2.09.

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

FOXX' s Debt-to-Equity Range Over the Past 10 Years
Min: -4.39 Med: -2.33 Max: -0.85
Current: -2.09

During the past 1 years, the highest Debt-to-Equity Ratio of Foxx Development Holdings was -0.85. The lowest was -4.39. And the median was -2.33.

FOXX's Debt-to-Equity is not ranked
in the Hardware industry.
Industry Median: 0.29 vs FOXX: -2.09

Foxx Development Holdings Debt-to-Equity Historical Data

The historical data trend for Foxx Development 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.

Foxx Development Holdings Debt-to-Equity Chart

Foxx Development Holdings Annual Data

Trend

Jun22

Debt-to-Equity

-0.85

Foxx Development Holdings Quarterly Data
	Jun22	Dec22	Mar23	Jun23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial			N/A	N/A	-4.39	-2.58	-2.09

Competitive Comparison of Foxx Development Holdings's Debt-to-Equity

For the Consumer Electronics subindustry, Foxx Development 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.

Foxx Development Holdings's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Foxx Development Holdings's Debt-to-Equity distribution charts can be found below:

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

Foxx Development Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Foxx Development Holdings's Debt to Equity Ratio for the fiscal year that ended in Jun. 2022 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
	=	(0.537	+	0)	/	-0.63
	=	-0.85

Foxx Development 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
	=	(5.351	+	0.173)	/	-2.646
	=	-2.09

Foxx Development Holdings (NAS:FOXX) 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.

Foxx Development Holdings Debt-to-Equity Related Terms

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Foxx Development Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Foxx Development Holdings Inc (NAS:FOXX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

13575 Barranca Parkway C106, Irvine, CA, USA, 92618

Website

https://www.foxxusa.com

Foxx Development Holdings Inc is a consumer electronics and integrated Internet-of-Things (IoT) solution company catering to both retail and institutional clients. With robust research and development capabilities and a strategic commitment to cultivating long-term partnerships with mobile network operators, distributors, and suppliers.

Foxx Development Holdings Headlines

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