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SilverSun Technologies (SilverSun Technologies) Debt-to-Equity

: 0.35 (As of Dec. 2023)
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SilverSun Technologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1.12 Mil. SilverSun Technologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1.50 Mil. SilverSun Technologies's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $7.47 Mil. SilverSun Technologies's debt to equity for the quarter that ended in Dec. 2023 was 0.35.

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

SSNT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.15   Med: 0.3   Max: 39.29
Current: 0.35

During the past 13 years, the highest Debt-to-Equity Ratio of SilverSun Technologies was 39.29. The lowest was 0.15. And the median was 0.30.

SSNT's Debt-to-Equity is ranked worse than
61.75% of 2222 companies
in the Software industry
Industry Median: 0.21 vs SSNT: 0.35

SilverSun Technologies Debt-to-Equity Historical Data

The historical data trend for SilverSun Technologies'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.

SilverSun Technologies Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.25 0.42 0.24 0.25 0.35

SilverSun Technologies Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Debt-to-Equity 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 Premium Member Only Premium Member Only Premium Member Only 0.25 0.22 0.20 0.23 0.35

Competitive Comparison

For the Software - Application subindustry, SilverSun Technologies'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.


SilverSun Technologies Debt-to-Equity Distribution

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

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



SilverSun Technologies Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

SilverSun Technologies's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

SilverSun Technologies's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

* 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.


SilverSun Technologies  (NAS:SSNT) 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.


SilverSun Technologies Debt-to-Equity Related Terms

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


SilverSun Technologies (SilverSun Technologies) Business Description

Traded in Other Exchanges
N/A
Address
120 Eagle Rock Avenue, East Hanover, NJ, USA, 07936
SilverSun Technologies Inc is a business application, technology, and consulting company. It is engaged in providing strategies and solutions to meet information, technology and business management needs. Its services and technologies enable customers to manage, protect and monetize their enterprise assets in the cloud. It offers solutions for accounting and business management, financial reporting, enterprise resource planning (ERP), warehouse management systems (WMS), customer relationship management (CRM) and business intelligence (BI). The company has a network services practice, which provides managed services, hosting, business continuity, cloud, e-mail, and Web services.
Executives
Stanley Wunderlich director
John D. Schachtel director 979 BATESVILLE ROAD, SUITE B, GREER SC 29651
Joseph P Macaluso director
Bitnile Holdings, Inc. 10 percent owner 11411 SOUTHERN HIGHLANDS PARKWAY, SUITE 240, LAS VEGAS NV 89141
Ault Milton C Iii 10 percent owner 11411 SOUTHERN HIGHLANDS PARKWAY, SUITE 240, LAS VEGAS NV 89141
Jeffrey D Roth 10 percent owner 202 VIERA DRIVE, CEDAR KNOLLS NJ 07927-2402
Christine Elizabeth Dye officer: Chief Financial Officer 120 EAGLE ROCK AVE., SUITE 330, EAST HANOVER NJ 07936
Crandall Iii Melvin officer: Chief Financial Officer 5 REGENT ST #520, LIVINGSTON NJ 07039
John Rudy director C/O ADSTAR INC., 4553 GLENCOE AVENUE SUITE 325, MARINA DEL REY CA 90292
Mark Meller director, 10 percent owner, officer: President and CEO C/O TREY RESOURCES, INC., 293 EISENHOWER PARKWAY, SUITE 250, LIVINGSTON NJ 07039
Jerome R Mahoney director, 10 percent owner, officer: President, Secretary and CEO C/O VOICE INC, 750 HIGHWAY 34, MATAWAN NJ 07747