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Stingray Group Debt-to-Equity

: 1.34 (As of Sep. 2021)
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Stingray Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2021 was $8.9 Mil. Stingray Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2021 was $285.3 Mil. Stingray Group's Total Stockholders Equity for the quarter that ended in Sep. 2021 was $220.5 Mil. Stingray Group's debt to equity for the quarter that ended in Sep. 2021 was 1.33.

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

OTCPK:STGYF' s Debt-to-Equity Range Over the Past 10 Years
Min: -6.09   Med: 0.7   Max: 1.44
Current: 1.34
-6.09
1.44

During the past 7 years, the highest Debt-to-Equity Ratio of Stingray Group was 1.44. The lowest was -6.09. And the median was 0.70.

OTCPK:STGYF's Debt-to-Equity is ranked lower than
86% of the 860 Companies
in the Media - Diversified industry.

( Industry Median: 0.24 vs. OTCPK:STGYF: 1.34 )

Stingray Group Debt-to-Equity Historical Data

The historical data trend for Stingray 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.

Stingray Group Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21
Debt-to-Equity
Premium Member Only Premium Member Only 0.43 0.30 1.26 1.44 1.33

Stingray Group Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
Debt-to-Equity Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.31 1.26 1.33 1.34 1.34
Competitive Comparison

For the Broadcasting subindustry, Stingray 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.

   
Stingray Group Debt-to-Equity Distribution

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

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


Stingray Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Stingray Group's Debt to Equity Ratio for the fiscal year that ended in Mar. 2021 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
=(25.412522873737 + 265.50720025459) / 218.54721934919
=1.33

Stingray Group's Debt to Equity Ratio for the quarter that ended in Sep. 2021 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
=(8.9258937731829 + 285.32238970878) / 220.46878699392
=1.33

* 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.

Stingray Group  (OTCPK:STGYF) 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.

Stingray Group Debt-to-Equity Related Terms

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

Stingray Group Business Description

Stingray Group logo
Industry
Communication Services » Media - Diversified NAICS : 515120 SIC : 4812
Comparable Companies
Traded in Other Exchanges
317A:Germany RAY.B:Canada RAY.A:Canada
Address
730 Wellington Street, Montreal, QC, CAN, H3C 1T4
Website
http://www.stingray.com
Stingray Group Inc is a music, media, and technology company. The company is a provider of curated direct-to-consumer and B2B services, including audio television channels, radio stations, SVOD content, 4K UHD television channels, karaoke products, digital signage, in-store music, and music apps. It operates through the following segments namely Broadcasting and commercial music segment; Radio segment and Corporate and eliminations. The company generates maximum revenue from Broadcasting and commercial music segment.

Stingray Group Headlines

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