Identillect Technologies (Identillect Technologies) Debt-to-Equity : -0.45 (As of Sep. 2023)

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What is Identillect Technologies Debt-to-Equity?

Identillect Technologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.55 Mil. Identillect Technologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil. Identillect Technologies's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $-1.21 Mil. Identillect Technologies's debt to equity for the quarter that ended in Sep. 2023 was -0.45.

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

IDTLF' s Debt-to-Equity Range Over the Past 10 Years
Min: -2.09 Med: -0.57 Max: 0.8
Current: -0.45

During the past 13 years, the highest Debt-to-Equity Ratio of Identillect Technologies was 0.80. The lowest was -2.09. And the median was -0.57.

IDTLF's Debt-to-Equity is not ranked
in the Software industry.
Industry Median: 0.21 vs IDTLF: -0.45

Identillect Technologies Debt-to-Equity Historical Data

The historical data trend for Identillect 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.

Identillect Technologies Debt-to-Equity Chart

Identillect Technologies Annual Data

Trend

Jul13

Jul14

Jul15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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-0.77

-0.60

-0.47

-0.56

-0.50

Identillect Technologies Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															-0.57	-0.50	-0.45	-0.47	-0.45

Competitive Comparison of Identillect Technologies's Debt-to-Equity

For the Software - Application subindustry, Identillect 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.

Identillect Technologies's Debt-to-Equity Distribution in the Software Industry

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

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

Identillect Technologies Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Identillect Technologies'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
	=	(0.456	+	0)	/	-0.922
	=	-0.49

Identillect Technologies'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
	=	(0.546	+	0)	/	-1.212
	=	-0.45

Identillect Technologies (OTCPK:IDTLF) 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.

Identillect Technologies Debt-to-Equity Related Terms

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Identillect Technologies (Identillect Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Identillect Technologies Corp (OTCPK:IDTLF) » Definitions » Debt-to-Equity

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8ID:Germany ID:Canada

Address

609 Granville Street, Suite 1600, Vancouver, BC, CAN, V7Y 1C3

Website

https://www.identillect.com

Identillect Technologies Corp is a software development company that design and developed an email encryption software solution to protect critical information. The company offers a Delivery trust service; which is an email security solution, designed for small and medium-sized businesses. The company serves Accounting, Education Professionals, Financial, Legal, Medical, Real Estate, and Resource industries.