Society Pass (Society Pass) Debt-to-Equity : 0.27 (As of Dec. 2023)

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What is Society Pass Debt-to-Equity?

Society Pass's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.59 Mil. Society Pass's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.85 Mil. Society Pass's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $5.31 Mil. Society Pass's debt to equity for the quarter that ended in Dec. 2023 was 0.27.

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 Society Pass's Debt-to-Equity or its related term are showing as below:

SOPA' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.01 Med: 0.02 Max: 0.27
Current: 0.27

During the past 5 years, the highest Debt-to-Equity Ratio of Society Pass was 0.27. The lowest was -0.01. And the median was 0.02.

SOPA's Debt-to-Equity is ranked worse than
55.13% of 2222 companies
in the Software industry
Industry Median: 0.21 vs SOPA: 0.27

Society Pass Debt-to-Equity Historical Data

The historical data trend for Society Pass'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.

Society Pass Debt-to-Equity Chart

Society Pass Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

-0.01

0.02

0.08

0.27

Society Pass Quarterly Data
	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												0.08	0.11	0.13	0.14	0.27

Competitive Comparison of Society Pass's Debt-to-Equity

For the Software - Application subindustry, Society Pass'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.

Society Pass's Debt-to-Equity Distribution in the Software Industry

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

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

Society Pass Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Society Pass'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
	=	(0.585	+	0.848)	/	5.306
	=	0.27

Society Pass'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
	=	(0.585	+	0.848)	/	5.306
	=	0.27

Society Pass (NAS:SOPA) 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.

Society Pass Debt-to-Equity Related Terms

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

Society Pass (Society Pass) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Society Pass Inc (NAS:SOPA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

701 South Carson Street, Suite 200, Carson, NV, USA, 89701

Website

https://www.thesocietypass.com

Society Pass Inc is building an ecosystem of platforms and technology-enabled companies that synergistically work together in transforming how consumers and merchants interact with one another in Southeast Asia and South Asia. Through the acquisition of companies and partnerships with visionary entrepreneurs, the company meets the growing demand for better services in sectors such as lifestyle, beauty, travel, and food and beverage. The company currently operates in six reportable operating segments: Online Grocery and Food and Groceries Deliveries, Digital marketing, Online ticketing and reservation, Telecommunications Reseller, e-Commerce, and Merchant Point of Sale (merchant POS). The company generates the majority of its revenue from the Digital marketing segment.

Executives

Nguyen Dennis Luan Thuc	director, officer: Chief Executive Officer	2740 WEST LAKE OF THE ISLES PARKWAY, MINNEAPOLIS MN 55416
Jeremy Miller	director	701 S CARSON STREET, SUITE 200, CARSON CITY NV 89701
Bien Kiat Tan	director	701 S. CARSON STREET, SUITE 200, CARSON CITY NV 89701
Hien Yuki Phan	officer: Manager, Marketing	701 S. CARSON STREET, SUITE 200, CARSON CITY NV 89701
Liang Raynauld Wee Leong	officer: CFO/Singapore Country Gen Mgr	701 S. CARSON STREET, SUITE 200, CARSON CITY NV 89701
Cham Thi Ngo	officer: Chief Accountant/Head of Admin	P603 INTRACOM BLDG., 66 TRUNG VAN, NAM TU LIEM DISTRICT, HANOI Q1 10000
Shashi Kant Mishra	officer: Manager, IT Security/Analytics	B 611/612, NOIDAONE, B-BLOCK, SECTOR 63, NOIDA, NOIDA K7 201301
John Sebastian Mackay	director	701 S. CARSON STREET, SUITE 200, CARSON CITY NV 89701
Linda Susan Cutler	director	701 S. CARSON STREET, SUITE 200, CARSON CITY NV 89701
Yee Siong Tan	officer: Financial Controller	701 S. CARSON STREET, SUITE 200, CARSON CITY NV 89701
Pamela Aw-young	officer: COO	701 S. CARSON STREET, SUITE 200, CARSON CITY NV 89701
Gautier Loic Erwan Kevin	officer: Chief Marketing Officer	701 S. CARSON STREET, SUITE 200, CARSON CITY NV 89701
Brun Pierre Antoine Frank Jacques	officer: Chief Technology Officer	701 S. CARSON STREET, SUITE 200, CARSON CITY NV 89701