Siyata Mobile (STU:WK30) Debt-to-Equity

: 0.23 (As of Dec. 2023)

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Siyata Mobile's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €1.66 Mil. Siyata Mobile's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0.35 Mil. Siyata Mobile's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €8.90 Mil. Siyata Mobile's debt to equity for the quarter that ended in Dec. 2023 was 0.23.

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 Siyata Mobile's Debt-to-Equity or its related term are showing as below:

STU:WK30' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.29 Max: 1.77
Current: 0.23

During the past 13 years, the highest Debt-to-Equity Ratio of Siyata Mobile was 1.77. The lowest was 0.03. And the median was 0.29.

STU:WK30's Debt-to-Equity is ranked better than
56.99% of 2195 companies
in the Hardware industry
Industry Median: 0.28 vs STU:WK30: 0.23

Siyata Mobile Debt-to-Equity Historical Data

The historical data trend for Siyata Mobile'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.

Siyata Mobile Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.65

0.33

1.77

0.10

0.23

Siyata Mobile Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Debt-to-Equity																0.12	0.10	0.07	0.10	0.23

Competitive Comparison

For the Communication Equipment subindustry, Siyata Mobile'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.

Siyata Mobile Debt-to-Equity Distribution

For the Hardware industry and Technology sector, Siyata Mobile's Debt-to-Equity distribution charts can be found below:

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

Siyata Mobile Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Siyata Mobile'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
	=	(1.662	+	0.354)	/	8.901
	=	0.23

Siyata Mobile'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
	=	(1.662	+	0.354)	/	8.901
	=	0.23

Siyata Mobile (STU:WK30) 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.

Siyata Mobile Debt-to-Equity Related Terms

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Siyata Mobile (STU:WK30) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Siyata Mobile Inc (STU:WK30) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SYTA:USA

Address

1001 Lenoir Street, Suite A- 414, Montreal, QC, CAN, H4C2Z6

Website

https://www.siyatamobile.com

Siyata Mobile Inc is engaged in the sale of vehicle mounted, cellular-based communications platforms over advanced 3G (Third generation) mobile networks and cellular booster systems. The Company develops, markets and sells a portfolio of rugged handheld Push-to-Talk over Cellular (PoC) smartphone devices. These rugged business-to-business (B2B) environments are focused on enterprise customers, first responders, construction workers, security guards, government agencies, utilities, transportation and waste management, amusement parks, and mobile workers in multiple industries.

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