Cytta (CYCA) Debt-to-Equity : -1.56 (As of Dec. 2024)

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What is Cytta Debt-to-Equity?

Cytta's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was $1.44 Mil. Cytta's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was $0.00 Mil. Cytta's Total Stockholders Equity for the quarter that ended in Dec. 2024 was $-0.93 Mil. Cytta's debt to equity for the quarter that ended in Dec. 2024 was -1.56.

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

CYCA' s Debt-to-Equity Range Over the Past 10 Years
Min: -6.07 Med: -1.11 Max: 12.91
Current: -1.56

During the past 12 years, the highest Debt-to-Equity Ratio of Cytta was 12.91. The lowest was -6.07. And the median was -1.11.

CYCA's Debt-to-Equity is not ranked
in the Software industry.
Industry Median: 0.2 vs CYCA: -1.56

Cytta Debt-to-Equity Historical Data

The historical data trend for Cytta'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.

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Cytta Debt-to-Equity Chart

Cytta Annual Data

Trend

Sep09

Sep10

Sep11

Sep12

Sep13

Sep20

Sep21

Sep22

Sep23

Sep24

Debt-to-Equity

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-4.64

-6.07

Cytta Quarterly Data
	Mar14	Jun14	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Debt-to-Equity	Get a 7-Day Free Trial															-1.15	-1.08	12.91	-6.07	-1.56

Competitive Comparison of Cytta's Debt-to-Equity

For the Software - Application subindustry, Cytta'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.

Cytta's Debt-to-Equity Distribution in the Software Industry

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

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

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Cytta Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cytta's Debt to Equity Ratio for the fiscal year that ended in Sep. 2024 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
	=	(1.439	+	0)	/	-0.237
	=	-6.07

Cytta's Debt to Equity Ratio for the quarter that ended in Dec. 2024 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
	=	(1.439	+	0)	/	-0.925
	=	-1.56

Cytta (OTCPK:CYCA) 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.

Cytta Debt-to-Equity Related Terms

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

Cytta Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Cytta Corp (OTCPK:CYCA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

5450 W. Sahara Avenue, Suite 300A, Las Vegas, NV, USA, 89146

Website

https://www.cytta.com

Cytta Corp is engaged in the manufacture, distribution, and marketing of streaming and integrated communication products, using technology based upon the SUPR (Superior Utilization of Processing Resources) video compression codec or algorithm and IGAN (Incident Global Area Network) incident command proprietary software solutions products. Its product includes SUPR Stream and IGAN Fusion. The products of the company are CYTTACOMMS, CYTTACARES and CYTTACOMP.

Executives

Brad Prystupa	director, 10 percent owner, officer: Secretary	710 WEST 16TH AVENUE, VANCOUVER A1 V5Z 1S7
Chad Rutherford	director, 10 percent owner, officer: President, CEO, CFO, Treasurer	710 WEST 16TH AVENUE, VANCOUVER A1 V5Z 1S7