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Rimini Street (Rimini Street) Debt-to-Equity : -2.07 (As of Dec. 2023)


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What is Rimini Street Debt-to-Equity?

Rimini Street's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $10.6 Mil. Rimini Street's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $71.1 Mil. Rimini Street's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-39.5 Mil. Rimini Street's debt to equity for the quarter that ended in Dec. 2023 was -2.07.

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 Rimini Street's Debt-to-Equity or its related term are showing as below:

RMNI' s Debt-to-Equity Range Over the Past 10 Years
Min: -2.07   Med: -0.25   Max: 0.02
Current: -2.07

During the past 9 years, the highest Debt-to-Equity Ratio of Rimini Street was 0.02. The lowest was -2.07. And the median was -0.25.

RMNI's Debt-to-Equity is not ranked
in the Software industry.
Industry Median: 0.21 vs RMNI: -2.07

Rimini Street Debt-to-Equity Historical Data

The historical data trend for Rimini Street'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.

Rimini Street Debt-to-Equity Chart

Rimini Street Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only - -0.10 -1.25 -1.15 -2.07

Rimini Street 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 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 -1.15 -1.23 -1.39 -1.58 -2.07

Competitive Comparison of Rimini Street's Debt-to-Equity

For the Software - Application subindustry, Rimini Street'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.


Rimini Street's Debt-to-Equity Distribution in the Software Industry

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

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



Rimini Street Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Rimini Street's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Rimini Street's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

* 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.


Rimini Street  (NAS:RMNI) 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.


Rimini Street Debt-to-Equity Related Terms

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


Rimini Street (Rimini Street) Business Description

Traded in Other Exchanges
Address
3993 Howard Hughes Parkway, Suite 500, Las Vegas, NV, USA, 89169
Rimini Street Inc is a provider of enterprise software support products and services and the third-party support provider for Oracle and SAP software products based in the United States. Some of its products include Oracle E-business suite, Oracle Retail, Peoplesoft, SAP business suite, and Agile PLM, which are offered to various industries, including manufacturing, public sector companies, retail, and education.
Executives
Seth A. Ravin director, 10 percent owner, officer: CEO and Chairman of the Board 3993 HOWARD HUGHES PARKWAY, SUITE 780, LAS VEGAS NV 89169
Michael L. Perica officer: EVP & Chief Financial Officer C/O 3993 HOWARD HUGHES PARKWAY, SUITE 500, LAS VEGAS NV 89169
Steven Salaets officer: CIO/CPO EVP GlSec/Facl/Qual/IA C/O 3993 HOWARD HUGHES PARKWAY, LAS VEGAS NV 89169
Nancy Lyskawa officer: SVP Global Client Onboarding 3993 HOWARD HUGHES PARKWAY, SUITE 780, LAS VEGAS NV 89169
Kevin Maddock officer: SVP, Global Sales 3993 HOWARD HUGHES PARKWAY, SUITE 780, LAS VEGAS NV 89169
David W. Rowe officer: SVP & CMO 3993 HOWARD HUGHES PARKWAY, SUITE 780, LAS VEGAS NV 89169
Sebastian Grady officer: President 3993 HOWARD HUGHES PARKWAY, SUITE 780, LAS VEGAS NV 89169
Brian Slepko officer: SVP, Global Service Delivery 3993 HOWARD HUGHES PARKWAY, SUITE 780, LAS VEGAS NV 89169
Gerard Brossard officer: Chief Operating Officer 1170 PEACHTREE STREET, ATLANTA GA 30309
Jay G Snyder director C/O 3993 HOWARD HUGHES PARKWAY, SUITE 500, LAS VEGAS NV 89169
Katrinka Mccallum director 139 TOWNSEND ST, SAN FRANCISCO CA 94107
Gpiac, Llc 10 percent owner C/O GP INVESTMENTS ACQUISITION CORP., 150 E. 52ND STREET, SUITE 5003, NEW YORK NY 10022
Daniel B. Winslow officer: SVP & General Counsel 3993 HOWARD HUGHES PARKWAY, SUITE 780, LAS VEGAS NV 89169
Adams Street Partners Llc 10 percent owner ONE NORTH WACKER DRIVE, STE 2700, CHICAGO IL 60606-2807
Robin P. Murray director, 10 percent owner 3993 HOWARD HUGHES PARKWAY, SUITE 780, LAS VEGAS NV 89169

Rimini Street (Rimini Street) Headlines

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