Mobi724 Global Solutions (Mobi724 Global Solutions) Debt-to-Equity

: -0.78 (As of Sep. 2023)

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Mobi724 Global Solutions's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $7.58 Mil. Mobi724 Global Solutions's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.90 Mil. Mobi724 Global Solutions's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $-10.88 Mil. Mobi724 Global Solutions's debt to equity for the quarter that ended in Sep. 2023 was -0.78.

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 Mobi724 Global Solutions's Debt-to-Equity or its related term are showing as below:

MOBIF' s Debt-to-Equity Range Over the Past 10 Years
Min: -5.51 Med: -0.78 Max: 22.35
Current: -0.78

During the past 13 years, the highest Debt-to-Equity Ratio of Mobi724 Global Solutions was 22.35. The lowest was -5.51. And the median was -0.78.

MOBIF's Debt-to-Equity is not ranked
in the Software industry.
Industry Median: 0.21 vs MOBIF: -0.78

Mobi724 Global Solutions Debt-to-Equity Historical Data

The historical data trend for Mobi724 Global Solutions'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.

Mobi724 Global Solutions Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.31

22.37

-0.87

-0.99

-0.79

Mobi724 Global Solutions 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															-0.82	-0.79	-0.79	-0.79	-0.78

Competitive Comparison

For the Information Technology Services subindustry, Mobi724 Global Solutions'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.

Mobi724 Global Solutions Debt-to-Equity Distribution

For the Software industry and Technology sector, Mobi724 Global Solutions's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Mobi724 Global Solutions's Debt-to-Equity falls into.

Mobi724 Global Solutions Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mobi724 Global Solutions'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
	=	(6.915	+	0.289)	/	-9.097
	=	-0.79

Mobi724 Global Solutions'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
	=	(7.581	+	0.902)	/	-10.875
	=	-0.78

Mobi724 Global Solutions (OTCPK:MOBIF) 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.

Mobi724 Global Solutions Debt-to-Equity Related Terms

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Mobi724 Global Solutions (Mobi724 Global Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Mobi724 Global Solutions Inc (OTCPK:MOBIF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

257 Rue Sherbrooke Est, Suite 400, Montreal, QC, CAN, H2X 1E3

Website

https://www.mobi724.com

Mobi724 Global Solutions Inc is a fintech company which provides a platform, that enables banks and merchants to offer their customers real-time payment card-linked incentives, in a white-label format. The company's objective is to add a layer of AI-driven actionable intelligence to every payment transaction, creating engaging consumer experiences and generating incremental commercial opportunities to its clients.