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Infinite Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $2.98 Mil. Infinite Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $1.45 Mil. Infinite Group's Total Stockholders Equity for the quarter that ended in Jun. 2023 was $-6.99 Mil. Infinite Group's debt to equity for the quarter that ended in Jun. 2023 was -0.63.
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 Infinite Group's Debt-to-Equity or its related term are showing as below:
During the past 13 years, the highest Debt-to-Equity Ratio of Infinite Group was -0.46. The lowest was -0.97. And the median was -0.72.
The historical data trend for Infinite 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.
Infinite Group Annual Data | |||||||||||||||||||||
Trend | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||||
Debt-to-Equity | Get a 7-Day Free Trial | -0.64 | -0.75 | -0.89 | -0.77 | -0.68 |
Infinite Group Quarterly Data | ||||||||||||||||||||
Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | |
Debt-to-Equity | Get a 7-Day Free Trial | -0.81 | -0.73 | -0.68 | -0.62 | -0.63 |
For the Information Technology Services subindustry, Infinite 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.
For the Software industry and Technology sector, Infinite Group's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Infinite Group's Debt-to-Equity falls into.
Debt to Equity measures the financial leverage a company has.
Infinite Group's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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 | |
= | (2.779 | + | 1.918) | / | -6.864 | |
= | -0.68 |
Infinite 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 | |
= | (2.979 | + | 1.447) | / | -6.989 | |
= | -0.63 |
* 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.
Infinite Group (OTCPK:IMCI) 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.
Thank you for viewing the detailed overview of Infinite Group's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
James Villa | 10 percent owner | 308 ROCK BEACH ROAD, ROCHESTER NY 14617 |
Andrew T. Hoyen | officer: EVP- Chief Admin Officer | 80 OFFICE PARK WAY, PITTSFORD NY 14534 |
Richard W Glickman | officer: Chief Accounting Officer | 175 SULLY'S TRAIL, PITTSFORD NY 14534 |
Donald Reeve | director | C/O INFINITE GROUP, INC., 60 OFFICE PARK WAY, PITTSFORD NY 14534 |
James Witzel | officer: Chief Financial Officer | C/O INFINITE GROUP INC, 60 OFFICE PARK WAY, PITTSFORD NY 14534 |
James D Frost | officer: CHIEF TECHNOLOGY OFFICER | C/O INFINITE GROUP, INC, 595 BLOSSOM ROAD SUITE 309, ROCHESTER NY 14610 |
William S Hogan | officer: VP of Operations | C/O INFINITE GROUP, INC., 60 OFFICE PARK WAY, PITTSFORD NY 14534 |
David Slavny | officer: Director Business Development | C/O INFINITE GROUP, INC, 60 OFFICE PARK WAY, PITTSFORD NY 14534 |
Northwest Hampton Holdings Llc | 10 percent owner | 308 ROCK BEACH ROAD, ROCHESTER NY 14617 |
Michael S Smith | director, officer: PRESIDENT, CEO and CFO | C/O INFINITE GROUP, INC, 595 BLOSSOM ROAD SUITE 309, ROCHESTER NY 14610 |
Allan M Robbins | director | C/O INFINITE GROUP, INC, 595 BLOSSOM ROAD SUITE 309, ROCHESTER NY 14610 |
Paul J Delmore | director, 10 percent owner | C/O INFINITE GROUP, INC, 595 BLOSSOM ROAD SUITE 309, ROCHESTER NY 14610 |
Upstate Holding Group, Llc | 10 percent owner | C/O INFINITE GROUP, INC, 595 BLOSSOM ROAD SUITE 309, ROCHESTER NY 14610 |
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