CMG Holdings Group (CMG Holdings Group) Debt-to-Equity : 1.29 (As of Dec. 2023)

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What is CMG Holdings Group Debt-to-Equity?

CMG Holdings Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.79 Mil. CMG Holdings Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. CMG Holdings Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $0.61 Mil. CMG Holdings Group's debt to equity for the quarter that ended in Dec. 2023 was 1.29.

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 CMG Holdings Group's Debt-to-Equity or its related term are showing as below:

CMGO' s Debt-to-Equity Range Over the Past 10 Years
Min: -2.98 Med: -0.06 Max: 1.29
Current: 1.29

During the past 13 years, the highest Debt-to-Equity Ratio of CMG Holdings Group was 1.29. The lowest was -2.98. And the median was -0.06.

CMGO's Debt-to-Equity is ranked worse than
83.33% of 846 companies
in the Media - Diversified industry
Industry Median: 0.28 vs CMGO: 1.29

CMG Holdings Group Debt-to-Equity Historical Data

The historical data trend for CMG Holdings 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.

* Premium members only.

CMG Holdings Group Debt-to-Equity Chart

CMG Holdings Group Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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-2.98

-2.60

0.89

1.09

1.29

CMG Holdings Group 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	Get a 7-Day Free Trial															1.09	1.25	1.34	1.60	1.29

Competitive Comparison of CMG Holdings Group's Debt-to-Equity

For the Advertising Agencies subindustry, CMG Holdings 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.

CMG Holdings Group's Debt-to-Equity Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, CMG Holdings Group's Debt-to-Equity distribution charts can be found below:

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

CMG Holdings Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

CMG Holdings Group's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(0.787	+	0)	/	0.611
	=	1.29

CMG Holdings Group's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(0.787	+	0)	/	0.611
	=	1.29

CMG Holdings Group (OTCPK:CMGO) 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.

CMG Holdings Group Debt-to-Equity Related Terms

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

CMG Holdings Group (CMG Holdings Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » CMG Holdings Group Inc (OTCPK:CMGO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

2130 North Lincoln Park West 8 North, Chicago, IL, USA, 60614

Website

https://www.cmgholdingsinc.com

CMG Holdings Group Inc is a full-service marketing and communications holding company. The company offers solutions in the areas of alternative advertising, social media marketing services, event management, and commercial rights. It operates in two segments: XA and CMG Holding group.

Executives

Glenn B Laken	director, officer: CEO	2130 N LINCOLN PARK WEST, APT 8N, CHICAGO IL 60614
David J Kovacs	director	153 EAST 32ND STREET, UNIT 3C, NEW YORK NY 10016
James Ennis	director, officer: Chief Financial Officer	5601 BISCAYNE BLVD., MIAMI FL 31337
Alan Morell	director, 10 percent owner, officer: CEO	5601 BISCAYNE BLVD., MIAMI FL 31337
Aaron Joseph Hashim	officer: President	PO BOX 2346, BAKERSFIELD CA 93303
Annette Lynn Davis	director, 10 percent owner	PO BOX 2346, BAKERSFIELD CA 93303
Jennifer Ann Davis	officer: Secretary	PO BOX 2346, BAKERSFIELD CA 93303
Lesa Marie Hashim	officer: Treasurer	PO BOX 2346, BAKERSFIELD CA 93303