Digital Turbine (NAS:APPS) Debt-to-Equity

: 0.68 (As of Mar. 2023)

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Digital Turbine's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was $0.0 Mil. Digital Turbine's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was $410.5 Mil. Digital Turbine's Total Stockholders Equity for the quarter that ended in Mar. 2023 was $605.2 Mil. Digital Turbine's debt to equity for the quarter that ended in Mar. 2023 was 0.68.

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

APPS' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.84 Med: 0.25 Max: 6.82
Current: 0.68

During the past 13 years, the highest Debt-to-Equity Ratio of Digital Turbine was 6.82. The lowest was -0.84. And the median was 0.25.

APPS's Debt-to-Equity is ranked worse than
78.21% of 2088 companies
in the Software industry
Industry Median: 0.22 vs APPS: 0.68

Digital Turbine Debt-to-Equity Historical Data

The historical data trend for Digital Turbine'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.

Digital Turbine Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

0.25

0.10

1.04

0.68

Digital Turbine Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Debt-to-Equity																1.04	0.82	0.77	0.70	0.68

Competitive Comparison

For the Software - Application subindustry, Digital Turbine'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.

Annual Data Quarterly Data

Digital Turbine Debt-to-Equity Distribution

For the Software industry and Technology sector, Digital Turbine's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Digital Turbine's Debt-to-Equity falls in comparison to its industry or sector. The grey bar indicates the Debt-to-Equity's extreme value range as defined by GuruFocus.

Digital Turbine Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Digital Turbine's Debt to Equity Ratio for the fiscal year that ended in Mar. 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	+	410.522)	/	605.196
	=	0.68

Digital Turbine's Debt to Equity Ratio for the quarter that ended in Mar. 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	+	410.522)	/	605.196
	=	0.68

Digital Turbine (NAS:APPS) 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.

Digital Turbine Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Digital Turbine's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Digital Turbine (NAS:APPS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Digital Turbine Inc (NAS:APPS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

4MD:Germany

Address

110 San Antonio Street, Suite 160, Austin, TX, USA, 78701

Website

https://www.digitalturbine.com

Digital Turbine Inc is an independent mobile growth platform. It offers end-to-end products and solutions to all participants in the mobile application ecosystem, enabling brand discovery and advertising, user acquisition and engagement, and operational efficiency for advertisers. Its operating segments are On Device Media (ODM); In App Media-AdColony; and In App Media-Fyber. The company derives key revenue from the ODM segment by providing solutions to all participants in the mobile application ecosystem who want to connect with end users and consumers who hold the device, including mobile carriers and device original equipment manufacturers (OEMs) that participate in the app economy, app publishers and developers, and brands and advertising agencies. It has a global business presence.

Executives

Senthilkumaran Kanagaratnam	officer: Chief Technology Officer	5717 LA SEYNE PLACE, SAN JOSE CA 95138
Matthew Gillis	officer: President	2400 BOSTON STREET, SUITE 201, BALTIMORE MD 21224
Mary Spilman	director	C/O CRITEO LEGAL DEPT., 387 PARK AVENUE SOUTH, 12TH FLOOR, NEW YORK NY 10016
Michael Benjamin Miller	officer: Chief Accounting Officer	360 WEST FOREST GROVE ROAD, LUCAS TX 75002
Holyce Hess Groos	director	58 CHRISTIANA COURT, LAKE GEORGE NY 12845
Christine Collins	officer: CTO	111 NUECES STREET, AUSTIN TX 78701
Michelle M Sterling	director	5775 MOREHOUSE DRIVE, SAN DIEGO CA 92121
Roy H Chestnutt	director	1095 AVENUE OF THE AMERICAS, 8TH FLOOR, NEW YORK NY 10036
J. Barrett Garrison	officer: EVP, CFO	1300 GUADALUPE STREET, SUITE 302, AUSTIN TX 78701
David Wesch	officer: Acting CAO	1300 GUADALUPE STREET, SUITE 302, AUSTIN TX 78701
Mohan S Gyani	director	7277 164TH AVE NE, BLDG1, REDMOND WA 98052
Judson Bowman	director	1300 GUADALUPE STREET, SUITE 302, AUSTIN TX 78701
Craig I Forman	director	1375 PEACHTREE STREET, ATLANTA GA 30309
James Alejandro	officer: Chief Accounting Officer	2811 CAHUENGA BOULEVARD WEST, LOS ANGELES CA 90068
Kirstie Elizabeth Brown	officer: Head, Global Fin. Obligations	2811 CAHUENGA BOULEVARD WEST, LOS ANGELES CA 90068