i-CABLE Communications (i-CABLE Communications) Debt-to-Equity : -1.39 (As of Dec. 2023)

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What is i-CABLE Communications Debt-to-Equity?

i-CABLE Communications's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $38.39 Mil. i-CABLE Communications's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $197.60 Mil. i-CABLE Communications's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-170.15 Mil. i-CABLE Communications's debt to equity for the quarter that ended in Dec. 2023 was -1.39.

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 i-CABLE Communications's Debt-to-Equity or its related term are showing as below:

ICABY' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.6 Med: 0.56 Max: 6.11
Current: -1.39

During the past 13 years, the highest Debt-to-Equity Ratio of i-CABLE Communications was 6.11. The lowest was -1.60. And the median was 0.56.

ICABY's Debt-to-Equity is not ranked
in the Media - Diversified industry.
Industry Median: 0.28 vs ICABY: -1.39

i-CABLE Communications Debt-to-Equity Historical Data

The historical data trend for i-CABLE Communications'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.

i-CABLE Communications Debt-to-Equity Chart

i-CABLE Communications Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

1.27

2.12

6.11

-1.60

-1.39

i-CABLE Communications Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															6.11	-13.17	-1.60	-1.52	-1.39

Competitive Comparison of i-CABLE Communications's Debt-to-Equity

For the Entertainment subindustry, i-CABLE Communications'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.

i-CABLE Communications's Debt-to-Equity Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, i-CABLE Communications's Debt-to-Equity distribution charts can be found below:

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

i-CABLE Communications Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

i-CABLE Communications'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
	=	(38.39	+	197.599)	/	-170.147
	=	-1.39

i-CABLE Communications'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
	=	(38.39	+	197.599)	/	-170.147
	=	-1.39

i-CABLE Communications (OTCPK:ICABY) 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.

i-CABLE Communications Debt-to-Equity Related Terms

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i-CABLE Communications (i-CABLE Communications) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » i-CABLE Communications Ltd (OTCPK:ICABY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

ICABF:USA 01097:Hong Kong IB5A:Germany

Address

9 Hoi Shing Road, 7th Floor, Cable TV Tower, Tsuen Wan, Hong Kong, HKG

Website

http://www.i-cablecomm.com

i-CABLE Communications Ltd is an investment holding company engaged in operating in two business segments; The media segment includes operations related to the television subscription business, domestic free television program service, advertising, channel carriage, television relay service, program licensing, theatrical release, and other related businesses, and The telecommunications segment includes operations related to broadband internet access services, portal operation, telephony services, network leasing, network construction, mobile service, and mobile agency service as well as other related businesses.

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