Findit (Findit) Debt-to-Equity : -1.01 (As of Dec. 2023)

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What is Findit Debt-to-Equity?

Findit's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.23 Mil. Findit's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Findit's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-0.22 Mil. Findit's debt to equity for the quarter that ended in Dec. 2023 was -1.01.

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

FDIT' s Debt-to-Equity Range Over the Past 10 Years
Min: -2.38 Med: -1.1 Max: 0.84
Current: -1.01

During the past 10 years, the highest Debt-to-Equity Ratio of Findit was 0.84. The lowest was -2.38. And the median was -1.10.

FDIT's Debt-to-Equity is not ranked
in the Interactive Media industry.
Industry Median: 0.15 vs FDIT: -1.01

Findit Debt-to-Equity Historical Data

The historical data trend for Findit'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.

Findit Debt-to-Equity Chart

Findit Annual Data

Trend

Dec99

Dec00

Dec01

Dec02

Dec03

Dec04

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.59

0.84

-2.38

-1.19

-1.01

Findit Quarterly Data
	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															-1.19	-1.36	-1.40	-1.03	-1.01

Competitive Comparison of Findit's Debt-to-Equity

For the Internet Content & Information subindustry, Findit'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.

Findit's Debt-to-Equity Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Findit's Debt-to-Equity distribution charts can be found below:

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

Findit Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Findit'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
	=	(0.225	+	0)	/	-0.222
	=	-1.01

Findit'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
	=	(0.225	+	0)	/	-0.222
	=	-1.01

Findit (OTCPK:FDIT) 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.

Findit Debt-to-Equity Related Terms

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Findit (Findit) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Findit Inc (OTCPK:FDIT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

5051 Peachtree Corners Circle, No. 200, Peachtree Corners, GA, USA, 30092

Website

https://www.findit.com

Findit Inc owns Findit.com and the Findit App. Findit.com and the Findit App operate as a Social Media Content Management Platform, that includes its own search engine. Members can utilize Findit search to submit URLs they want Findit to index in Findit search results. Nonmembers can come to Findit and enter search queries, Findit returns matching search results from content posted in Findit along with outside web pages that have been submitted.