MetaWorks Platforms (MetaWorks Platforms) Debt-to-Equity : -1.56 (As of Dec. 2023)

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What is MetaWorks Platforms Debt-to-Equity?

MetaWorks Platforms's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1.15 Mil. MetaWorks Platforms's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. MetaWorks Platforms's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-0.74 Mil. MetaWorks Platforms's debt to equity for the quarter that ended in Dec. 2023 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 MetaWorks Platforms's Debt-to-Equity or its related term are showing as below:

MWRK' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.56 Med: -0.85 Max: 3.45
Current: -1.56

During the past 13 years, the highest Debt-to-Equity Ratio of MetaWorks Platforms was 3.45. The lowest was -1.56. And the median was -0.85.

MWRK's Debt-to-Equity is not ranked
in the Software industry.
Industry Median: 0.21 vs MWRK: -1.56

MetaWorks Platforms Debt-to-Equity Historical Data

The historical data trend for MetaWorks Platforms'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.

MetaWorks Platforms Debt-to-Equity Chart

MetaWorks Platforms Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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-0.88

-0.27

0.24

-1.56

MetaWorks Platforms 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															0.24	0.07	0.10	0.34	-1.56

Competitive Comparison of MetaWorks Platforms's Debt-to-Equity

For the Software - Application subindustry, MetaWorks Platforms'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.

MetaWorks Platforms's Debt-to-Equity Distribution in the Software Industry

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

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

MetaWorks Platforms Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

MetaWorks Platforms'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
	=	(1.15	+	0)	/	-0.737
	=	-1.56

MetaWorks Platforms'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
	=	(1.15	+	0)	/	-0.737
	=	-1.56

MetaWorks Platforms (OTCPK:MWRK) 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.

MetaWorks Platforms Debt-to-Equity Related Terms

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MetaWorks Platforms (MetaWorks Platforms) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » MetaWorks Platforms Inc (OTCPK:MWRK) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

3250 Oakland Hills Court, Fairfield, CA, USA, 94534

Website

https://www.metaworksplatforms.io

MetaWorks Platforms Inc is a full-service blockchain and web development platform provider. The Company's business model is to provide a turnkey set of services to develop and integrate Web 3.0 / Metaverse technologies, NFT, blockchain, and cryptocurrency technologies. It offers a set of services for companies to develop and integrate blockchain and payment technologies into their business operations. It builds and operates FinTech Platforms-as-a-Service for digital currencies, digital securities tokens, and digital assets. The firm generates the majority of its revenue from the sale of movie rights.

Executives

Scott Gallagher	officer: President	3415 LOGGERHEAD WAY, WESLEY CHAPEL FL 33544
Shelly Marie Murphy	director	1803 W ENCINAS ST., GILBERT AZ 85233
James P Geiskopf	director, 10 percent owner, officer: President Secretary Treasurer	901 HANCOCK AVENUE, UNIT 308, WEST HOLLYWOOD CA 90069
Cameron Chell	director, officer: President and CEO	561 BROOKS AVENUE, VENICE BEACH CA 90291
Swapan Kakumanu	officer: Chief Financial Officer	193 SIMCOE CIRCLE, CALGARY A0 T3H 4S3
Edmund C. Moy	director	130 ANDOVER PARK EAST SUITE 200, SEATTLE WA 98188
Alphonso Jackson	director	1411 KEY BLVD., UNIT 601, ARLINGTON VA 22209
James Michael Carter	director	12532 23RD AVENUE, SURREY A1 V4A 2C4
Bruce Gordon Elliott	officer: President	6 KERMODE ROAD, CROSBY Y8 1M4 4BZ
Michael Alexander Blum	director, officer: CFO, Secretary, Treasurer	2212 GLENBROOK WAY, LAS VEGAS NV 89117