Ridgetech (RDGT) Debt to Equity (2021 - 2024)
Ridgetech (RDGT) recorded quarterly Debt to Equity of $0.49 in Q3 2024, down 63.75% quarter-over-quarter from $1.35 in Q1 2024, and up 492.7% on a YoY basis from $0.08 in Q4 2023.
Ridgetech (RDGT) Debt to Equity (2021 - 2024) Analysis & Trends
Ridgetech's Debt to Equity history runs 4 years deep, the most recent figure standing at $0.49 for Q3 2024.
- In Q3 2024, Debt to Equity rose 492.7% year-over-year to $0.49; the TTM figure through Sep 2024 stood at $0.49 (up 492.7% YoY), while the FY2024 annual figure was $1.35, up 3197.41% from the prior year.
- Debt to Equity was $0.49 for Q3 2024 at Ridgetech, down from $1.35 in the prior quarter.
- In the past five years, Debt to Equity ranged from a high of $108782.1 in Q1 2021 to a low of $0.02 in Q3 2022.
- Historically, Debt to Equity has averaged $24361.3 across 4 years, with a median of $0.31 in 2024.
- The sharpest annual moves came in 2023 and 2024: Debt to Equity slumped 100.0% in 2023, then jumped 3197.41% in 2024.
- A 4-year view of Debt to Equity shows it stood at $0.13 in 2021, then plunged by 82.65% to $0.02 in 2022, then soared by 259.14% to $0.08 in 2023, then surged by 492.7% to $0.49 in 2024.
- The last three Debt to Equity figures came in at $0.49 (Q3 2024), $1.35 (Q1 2024), and $0.08 (Q3 2023), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | High Tide | 558.20 Mn | 531.28 Mn | 32.00 Mn | - |
| 2 | Wellgistics Health | 385.01 Mn | 384.95 Mn | 170,221.00 | -1.27 |
| 3 | Petmed Express | 35.71 Mn | 8.80 Mn | 9.46 Mn | - |
| 4 | Scienture Holdings | 14.72 Mn | 14.72 Mn | 53,850.00 | - |
| 5 | Ridgetech | 15.50 | -4.11 Mn | - | - |
| 6 | Scientist Home Future Health | - | - | 32,589.00 | - |
| 7 | BioScience Health Innovations | - | - | 485,596.00 | - |
| 8 | Rest Ez | - | - | - | - |
| 9 | Polomar Health Services | - | - | 550,489.00 | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2024 | 0.49 |
| Mar 31, 2024 | 1.35 |
| Sep 30, 2023 | 0.08 |
| Mar 31, 2023 | 0.04 |
| Sep 30, 2022 | 0.02 |
| Mar 31, 2022 | 86,106.44 |
| Sep 30, 2021 | 0.13 |
| Mar 31, 2021 | 108,782.13 |