Audioboom Group (LSE:BOOM) Debt-to-Equity : 0.02 (As of Jun. 2023)

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What is Audioboom Group Debt-to-Equity?

Audioboom Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was £0.17 Mil. Audioboom Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was £0.00 Mil. Audioboom Group's Total Stockholders Equity for the quarter that ended in Jun. 2023 was £7.40 Mil. Audioboom Group's debt to equity for the quarter that ended in Jun. 2023 was 0.02.

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

LSE:BOOM' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.15 Max: 0.51
Current: 0.51

During the past 13 years, the highest Debt-to-Equity Ratio of Audioboom Group was 0.51. The lowest was 0.02. And the median was 0.15.

LSE:BOOM's Debt-to-Equity is ranked worse than
77.8% of 428 companies
in the Interactive Media industry
Industry Median: 0.155 vs LSE:BOOM: 0.51

Audioboom Group Debt-to-Equity Historical Data

The historical data trend for Audioboom Group'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.

Audioboom Group Debt-to-Equity Chart

Audioboom Group Annual Data

Trend

Nov13

Nov14

Nov15

Nov16

Nov17

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.37

0.15

0.07

0.02

0.51

Audioboom Group Semi-Annual Data
	Mar12	May13	Nov13	May15	Nov15	May16	Nov16	May17	Nov17	May18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.07	0.06	0.02	0.02	0.51

Competitive Comparison of Audioboom Group's Debt-to-Equity

For the Internet Content & Information subindustry, Audioboom Group'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.

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

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

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

Audioboom Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Audioboom Group'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
	=	(0.054	+	0.823)	/	1.714
	=	0.51

Audioboom Group's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(0.174	+	0)	/	7.402
	=	0.02

Audioboom Group (LSE:BOOM) 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.

Audioboom Group Debt-to-Equity Related Terms

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Audioboom Group (LSE:BOOM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Audioboom Group PLC (LSE:BOOM) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

IFC5, Saint Helier, JEY, JE1 1ST

Website

https://www.audioboomplc.com

Audioboom Group PLC is a podcast company that operates spoken-word audio platforms and a digital online marketplace for hosting, distributing, and monetizing content. It works with broadcasters, content creators, and podcasters around the world. The company has operational footprints across the United Kingdom, the Rest of the World, and the USA. The company's hosting and distribution platform allows partners to embed, share via social channels, and re-syndicate their content.