WM Technology (WM Technology) Debt-to-Equity : 1.74 (As of Sep. 2023)

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What is WM Technology Debt-to-Equity?

WM Technology's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $6.9 Mil. WM Technology's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $27.8 Mil. WM Technology's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $19.9 Mil. WM Technology's debt to equity for the quarter that ended in Sep. 2023 was 1.74.

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

MAPS' s Debt-to-Equity Range Over the Past 10 Years
Min: -3.16 Med: 0.71 Max: 2.94
Current: 1.74

During the past 4 years, the highest Debt-to-Equity Ratio of WM Technology was 2.94. The lowest was -3.16. And the median was 0.71.

MAPS's Debt-to-Equity is ranked worse than
91.81% of 2221 companies
in the Software industry
Industry Median: 0.21 vs MAPS: 1.74

WM Technology Debt-to-Equity Historical Data

The historical data trend for WM Technology'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.

WM Technology Debt-to-Equity Chart

WM Technology Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

N/A

0.01

0.71

2.94

WM Technology Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial										0.35	2.94	2.47	1.77	1.74

Competitive Comparison of WM Technology's Debt-to-Equity

For the Software - Application subindustry, WM Technology'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.

WM Technology's Debt-to-Equity Distribution in the Software Industry

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

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

WM Technology Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

WM Technology'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
	=	(6.334	+	33.043)	/	13.38
	=	2.94

WM Technology's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(6.867	+	27.842)	/	19.946
	=	1.74

WM Technology (NAS:MAPS) 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.

WM Technology Debt-to-Equity Related Terms

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

WM Technology (WM Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » WM Technology Inc (NAS:MAPS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

833:Germany

Address

41 Discovery, Irvine, CA, USA, 92618

Website

https://www.weedmaps.com

WM Technology Inc is a technology and software infrastructure provider to the cannabis industry. It comprises B2C platform Weedmaps, and B2B software WM Business.

Executives

Duncan Grazier	officer: Chief Technology Officer	C/O WM TECHNOLOGY, INC., 41 DISCOVERY, IRVINE CA 92618
Brian Camire	officer: General Counsel	41 DISCOVERY, IRVINE CA 92618
Olga Gonzalez	director	41 DISCOVERY, IRVINE CA 92618
Anthony Bay	director
Brenda Freeman	director	C/O HERMAN MILLER INC, 855 EAST MAIN AVE, ZEELAND MI 49426
Fiona Tan	director	41 DISCOVERY, IRVINE CA 92618
Scott Gordon	director, officer: CEO and Chairman	1114 6TH AVE, 41ST FLOOR, NEW YORK NY 10036
Randa Mcminn	officer: Chief Marketing Officer	C/O WM TECHNOLOGY, INC., 41 DISCOVERY, IRVINE CA 92618
Mary Hoitt	officer: Interim CFO	C/O WM TECHNOLOGY, INC., 41 DISCOVERY, IRVINE CA 92618
Arden Lee	officer: Chief Financial Officer	41 DISCOVERY, IRVINE CA 92618
Juan Jose Feijoo-osorio	officer: Chief Marketing Officer	41 DISCOVERY, IRVINE CA 92618
Justin Dean	officer: CTO and CIO	41 DISCOVERY, IRVINE CA 92618
Christopher Beals	director, officer: Chief Executive Officer	41 DISCOVERY, IRVINE CA 92618
Justin Hartfield	director, 10 percent owner	2175 PALMER PLACE, TUSTIN CA 92782
Douglas Francis	director, 10 percent owner	49 DISCOVERY, STE 200, IRVINE CA 92618