SATO Technologies (TSXV:SATO) Debt-to-Equity : 1.76 (As of Dec. 2023)

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What is SATO Technologies Debt-to-Equity?

SATO Technologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$3.71 Mil. SATO Technologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$7.93 Mil. SATO Technologies's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$6.62 Mil. SATO Technologies's debt to equity for the quarter that ended in Dec. 2023 was 1.76.

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 SATO Technologies's Debt-to-Equity or its related term are showing as below:

TSXV:SATO' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.31 Med: 0.49 Max: 1.76
Current: 1.76

During the past 13 years, the highest Debt-to-Equity Ratio of SATO Technologies was 1.76. The lowest was 0.31. And the median was 0.49.

TSXV:SATO's Debt-to-Equity is ranked worse than
85.67% of 607 companies
in the Capital Markets industry
Industry Median: 0.37 vs TSXV:SATO: 1.76

SATO Technologies Debt-to-Equity Historical Data

The historical data trend for SATO Technologies'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.

SATO Technologies Debt-to-Equity Chart

SATO Technologies Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.49

1.33

1.76

SATO Technologies Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															1.33	1.07	0.96	2.18	1.76

Competitive Comparison of SATO Technologies's Debt-to-Equity

For the Capital Markets subindustry, SATO Technologies'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.

SATO Technologies's Debt-to-Equity Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, SATO Technologies's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where SATO Technologies's Debt-to-Equity falls into.

SATO Technologies Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

SATO Technologies'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
	=	(3.71	+	7.926)	/	6.62
	=	1.76

SATO Technologies's Debt to Equity Ratio for the quarter 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
	=	(3.71	+	7.926)	/	6.62
	=	1.76

SATO Technologies (TSXV:SATO) 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.

SATO Technologies Debt-to-Equity Related Terms

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SATO Technologies (TSXV:SATO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » SATO Technologies Corp (TSXV:SATO) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

CCPUF:USA

Address

66 Wellington Street West, Suite 5300, Toronto, ON, CAN, M5K 1E6

Website

https://www.bysato.com

SATO Technologies Corp is engaged in the business of utilizing specialized equipment to solve complex computational problems to validate transactions on the Bitcoin blockchain and others. The Group receives digital assets in return for successful service and is primarily engaged in the cryptocurrency mining industry.