XORTX Debt Equity Ratio from 2010 to 2024

XRTX Stock  USD 1.21  0.02  1.68%   
XORTX Therapeutics Debt Equity Ratio yearly trend continues to be fairly stable with very little volatility. Debt Equity Ratio will likely drop to -0.23 in 2024. During the period from 2010 to 2024, XORTX Therapeutics Debt Equity Ratio regression line of annual values had r-squared of  0.30 and arithmetic mean of (0.29). View All Fundamentals
 
Debt Equity Ratio  
First Reported
2010-12-31
Previous Quarter
(0.22)
Current Value
(0.23)
Quarterly Volatility
0.13978103
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check XORTX Therapeutics financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among XORTX Therapeutics' main balance sheet or income statement drivers, such as Selling General Administrative of 996.5 K, Other Operating Expenses of 2.6 M or Total Operating Expenses of 2.6 M, as well as many indicators such as Price To Sales Ratio of 0.0, Dividend Yield of 0.0 or PTB Ratio of 0.89. XORTX financial statements analysis is a perfect complement when working with XORTX Therapeutics Valuation or Volatility modules.
  
Check out the analysis of XORTX Therapeutics Correlation against competitors.
For more information on how to buy XORTX Stock please use our How to Invest in XORTX Therapeutics guide.

Latest XORTX Therapeutics' Debt Equity Ratio Growth Pattern

Below is the plot of the Debt Equity Ratio of XORTX Therapeutics over the last few years. It is XORTX Therapeutics' Debt Equity Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in XORTX Therapeutics' overall financial position and show how it may be relating to other accounts over time.
Debt Equity Ratio10 Years Trend
Slightly volatile
   Debt Equity Ratio   
       Timeline  

XORTX Debt Equity Ratio Regression Statistics

Arithmetic Mean(0.29)
Geometric Mean0.29
Coefficient Of Variation(48.11)
Mean Deviation0.10
Median(0.34)
Standard Deviation0.14
Sample Variance0.02
Range0.526
R-Value0.55
Mean Square Error0.01
R-Squared0.30
Significance0.03
Slope0.02
Total Sum of Squares0.27

XORTX Debt Equity Ratio History

2024 -0.23
2023 -0.22
2019 -0.24
2018 0.13
2017 -0.34

About XORTX Therapeutics Financial Statements

XORTX Therapeutics investors use historical fundamental indicators, such as XORTX Therapeutics' Debt Equity Ratio, to determine how well the company is positioned to perform in the future. Understanding over-time patterns can help investors decide on long-term investments in XORTX Therapeutics. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Debt Equity Ratio(0.22)(0.23)

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Additional Tools for XORTX Stock Analysis

When running XORTX Therapeutics' price analysis, check to measure XORTX Therapeutics' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy XORTX Therapeutics is operating at the current time. Most of XORTX Therapeutics' value examination focuses on studying past and present price action to predict the probability of XORTX Therapeutics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move XORTX Therapeutics' price. Additionally, you may evaluate how the addition of XORTX Therapeutics to your portfolios can decrease your overall portfolio volatility.