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Life Clips (Life Clips) Debt-to-Equity : 0.16 (As of Mar. 2022)


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What is Life Clips Debt-to-Equity?

Life Clips's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2022 was $3.86 Mil. Life Clips's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2022 was $0.15 Mil. Life Clips's Total Stockholders Equity for the quarter that ended in Mar. 2022 was $24.51 Mil. Life Clips's debt to equity for the quarter that ended in Mar. 2022 was 0.16.

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 Life Clips's Debt-to-Equity or its related term are showing as below:

LCLP's Debt-to-Equity is not ranked *
in the Travel & Leisure industry.
Industry Median: 0.47
* Ranked among companies with meaningful Debt-to-Equity only.

Life Clips Debt-to-Equity Historical Data

The historical data trend for Life Clips'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.

Life Clips Debt-to-Equity Chart

Life Clips Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21
Debt-to-Equity
Get a 7-Day Free Trial -0.38 -0.21 -0.37 -0.16 -0.55

Life Clips Quarterly Data
Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.30 -0.55 0.20 0.21 0.16

Competitive Comparison of Life Clips's Debt-to-Equity

For the Leisure subindustry, Life Clips'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.

Life Clips's Debt-to-Equity Distribution in the Travel & Leisure Industry

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

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


Life Clips Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Life Clips's Debt to Equity Ratio for the fiscal year that ended in Jun. 2021 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
=(4.124 + 0) / -7.524
=-0.55

Life Clips's Debt to Equity Ratio for the quarter that ended in Mar. 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
=(3.861 + 0.147) / 24.505
=0.16

* 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.

Life Clips  (OTCPK:LCLP) 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.

Life Clips Debt-to-Equity Related Terms

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

Life Clips (Life Clips) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Life Clips Inc (OTCPK:LCLP) » Definitions » Debt-to-Equity
Comparable Companies
ALTD ALTD BWMG BTDG SPQS PRKA KENS CNXA TSE:4661 HKSE:02020 HKSE:02331 TSE:7832 POOL TSE:7309 LSE:CCL HAS MAT TSE:7951 PLNT HKSE:09992
Traded in Other Exchanges
N/A
Address
18851 NE 29th Avenue, Suite 700, PMB No. 348, Aventura, FL, USA, 33180
Website
https://www.lifeclips.com
Life Clips Inc operates in the business of digital devices to capture videos and pictures. It offers a varied range of cameras, batteries, and adapters. The firm focuses on the marketing of the HP-branded cameras as well as the Mobeego branded batteries in the United States as well as internationally. In addition, it also operates in the energy unit product division which consists of a custom designed plastic casing, shaped like a small can of energy drink, hosting a powerful lithium battery for charging mobile devices.
Executives
Victoria Diana Rudman director, officer: CFO C/O CHATAND, INC., 244 5TH AVENUE, SUITE 68, NEW YORK NY 10001
Robert Grinberg director, officer: CEO 19515 PRESIDENTIAL WAY, MIAMI FL 33179