Total Debt to Equity of NovaBay Pharmaceuticals Inc. (NBY) is 2.83

The debt-to-equity (D/E) ratio is calculated by dividing a company’s total liabilities by its shareholder equity. These numbers are available on the balance sheet of a company’s financial statements.The ratio is used to evaluate a company's financial leverage. The D/E ratio is an important metric used in corporate finance. It is a measure of the degree to which a company is financing its operations through debt versus wholly owned funds. More specifically, it reflects the ability of shareholder equity to cover all outstanding debts in the event of a business downturn. It shows the percentage of company financing that comes from investors. A high debt/equity ratio is often associated with high risk; it means that a company has been aggressive in financing its growth with debt.

 

Source: Investopedia

Total Debt to Equity
Nov 18Dec 18Jan 19Feb 19Mar 19Apr 19May 19Jun 19Jul 19Aug 19Sep 19Oct 19
0.000.000.000.00---3.093.093.092.832.83