MusicMagpie (LSE:MMAG) Debt-to-Equity : 1.96 (As of Nov. 2023)

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What is MusicMagpie Debt-to-Equity?

MusicMagpie's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was £1.0 Mil. MusicMagpie's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was £23.1 Mil. MusicMagpie's Total Stockholders Equity for the quarter that ended in Nov. 2023 was £12.3 Mil. MusicMagpie's debt to equity for the quarter that ended in Nov. 2023 was 1.96.

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

LSE:MMAG' s Debt-to-Equity Range Over the Past 10 Years
Min: -2.81 Med: 0.54 Max: 5.7
Current: 1.96

During the past 6 years, the highest Debt-to-Equity Ratio of MusicMagpie was 5.70. The lowest was -2.81. And the median was 0.54.

LSE:MMAG's Debt-to-Equity is ranked worse than
86.06% of 1004 companies
in the Retail - Cyclical industry
Industry Median: 0.64 vs LSE:MMAG: 1.96

MusicMagpie Debt-to-Equity Historical Data

The historical data trend for MusicMagpie'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.

MusicMagpie Debt-to-Equity Chart

MusicMagpie Annual Data

Trend

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Debt-to-Equity

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-2.81

5.70

0.12

0.96

1.96

MusicMagpie Semi-Annual Data
	Nov18	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Debt-to-Equity	Get a 7-Day Free Trial					0.12	0.57	0.96	1.34	1.96

Competitive Comparison of MusicMagpie's Debt-to-Equity

For the Specialty Retail subindustry, MusicMagpie'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.

MusicMagpie's Debt-to-Equity Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, MusicMagpie's Debt-to-Equity distribution charts can be found below:

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

MusicMagpie Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

MusicMagpie's Debt to Equity Ratio for the fiscal year that ended in Nov. 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
	=	(1.034	+	23.078)	/	12.276
	=	1.96

MusicMagpie's Debt to Equity Ratio for the quarter that ended in Nov. 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
	=	(1.034	+	23.078)	/	12.276
	=	1.96

MusicMagpie (LSE:MMAG) 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.

MusicMagpie Debt-to-Equity Related Terms

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

MusicMagpie (LSE:MMAG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » MusicMagpie PLC (LSE:MMAG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Railway Road, One Stockport Exchange, First Floor, Stockport, Cheshire, GBR, SK1 3SW

Website

https://www.musicmagpieplc.com

MusicMagpie PLC is a leader in e-commerce in the UK and US in the circular economy of consumer technology such as smartphones, tablets, consoles and personal computers, books and disc media including CDs, DVDs and video games. The company's segment includes Technology; Media and Books. It generates maximum revenue from the Technology segment.

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