Stingray Group (Stingray Group) Debt-to-Equity

: 1.35 (As of Dec. 2023)

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Stingray Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $8.7 Mil. Stingray Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $297.7 Mil. Stingray Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $227.4 Mil. Stingray Group's debt to equity for the quarter that ended in Dec. 2023 was 1.35.

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:

STGYF' s Debt-to-Equity Range Over the Past 10 Years
Min: -6.09 Med: 1.31 Max: 1.54
Current: 1.35

During the past 9 years, the highest Debt-to-Equity Ratio of Stingray Group was 1.54. The lowest was -6.09. And the median was 1.31.

STGYF's Debt-to-Equity is ranked worse than
84.2% of 842 companies
in the Media - Diversified industry
Industry Median: 0.285 vs STGYF: 1.35

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

Mar22

Mar23

Debt-to-Equity

1.26

1.44

1.33

1.51

1.44

Stingray Group 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																1.54	1.44	1.43	1.41	1.35

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. 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
	=	(8.534	+	292.747)	/	209.215
	=	1.44

Stingray Group'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
	=	(8.675	+	297.662)	/	227.438
	=	1.35

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

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Stingray Group (Stingray Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Stingray Group Inc (OTCPK:STGYF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

317A:Germany RAY.B:Canada RAY.A:Canada

Address

730 Wellington Street, Montreal, QC, CAN, H3C 1T4

Website

https://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 the Broadcasting and commercial music segment and Radio segment. The company generates maximum revenue from the Broadcasting and commercial music segment.

Stingray Group (Stingray Group) Headlines

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