Connexa Sports Technologies (Connexa Sports Technologies) Debt-to-Equity : 1.42 (As of Jan. 2024)

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What is Connexa Sports Technologies Debt-to-Equity?

Connexa Sports Technologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $4.48 Mil. Connexa Sports Technologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $1.25 Mil. Connexa Sports Technologies's Total Stockholders Equity for the quarter that ended in Jan. 2024 was $4.05 Mil. Connexa Sports Technologies's debt to equity for the quarter that ended in Jan. 2024 was 1.41.

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

YYAI' s Debt-to-Equity Range Over the Past 10 Years
Min: -2.94 Med: -0.19 Max: 1.42
Current: 1.42

During the past 8 years, the highest Debt-to-Equity Ratio of Connexa Sports Technologies was 1.42. The lowest was -2.94. And the median was -0.19.

YYAI's Debt-to-Equity is ranked worse than
77.6% of 692 companies
in the Travel & Leisure industry
Industry Median: 0.46 vs YYAI: 1.42

Connexa Sports Technologies Debt-to-Equity Historical Data

The historical data trend for Connexa Sports 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.

Connexa Sports Technologies Debt-to-Equity Chart

Connexa Sports Technologies Annual Data

Trend

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Debt-to-Equity

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-1.67

-0.82

-0.33

0.52

-0.19

Connexa Sports Technologies Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Debt-to-Equity	Get a 7-Day Free Trial															-0.20	-0.19	-0.20	-0.32	1.42

Competitive Comparison of Connexa Sports Technologies's Debt-to-Equity

For the Leisure subindustry, Connexa Sports 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.

Connexa Sports Technologies's Debt-to-Equity Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Connexa Sports Technologies's Debt-to-Equity distribution charts can be found below:

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

Connexa Sports Technologies Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Connexa Sports Technologies's Debt to Equity Ratio for the fiscal year that ended in Apr. 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
	=	(1.485	+	1.954)	/	-18.614
	=	-0.18

Connexa Sports Technologies's Debt to Equity Ratio for the quarter that ended in Jan. 2024 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
	=	(4.478	+	1.245)	/	4.045
	=	1.41

Connexa Sports Technologies (NAS:YYAI) 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.

Connexa Sports Technologies Debt-to-Equity Related Terms

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Connexa Sports Technologies (Connexa Sports Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Connexa Sports Technologies Inc (NAS:YYAI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

2709 North Rolling Road, Suite 138, Windsor Mill, Baltimore, MD, USA, 21244

Website

https://www.connexasports.com

Connexa Sports Technologies Inc is a connected sports company delivering products, technologies and services across the Watch, Play, Learn commercial and subscription-as-a-service activities in sports. Digital disruption is restructuring how sports are enjoyed, consumed and monetized. Its portfolio of brands includes Slinger and GAMEFACE.AI.

Executives

Bitnile Holdings, Inc.	10 percent owner	11411 SOUTHERN HIGHLANDS PARKWAY, SUITE 240, LAS VEGAS NV 89141
Mark Frederick Radom	officer: GENERAL COUNSEL	2709 NORTH ROLLING ROAD, SUITE 138, WINDSOR MILL, BALTIMORE MD 21244
Mike Ballardie	director, officer: CEO and Director	2709 NORTH ROLLING ROAD,, SUITE 138, WINDSOR MILL,, BALTIMORE MD 21244
Jason Paul Seifert	officer: CHIEF FINANCIAL OFFICER	2420 BRIXHAM AVENUE, ORLANDO FL 32828
Yonah Kalfa	10 percent owner	9 RABAN GAMLIEL, RAANANA L3 434024