Adya (TSXV:ADYA) Debt-to-Equity : -0.32 (As of Sep. 2023)

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What is Adya Debt-to-Equity?

Adya's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$1.00 Mil. Adya's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$0.06 Mil. Adya's Total Stockholders Equity for the quarter that ended in Sep. 2023 was C$-3.30 Mil. Adya's debt to equity for the quarter that ended in Sep. 2023 was -0.32.

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

TSXV:ADYA' s Debt-to-Equity Range Over the Past 10 Years
Min: -2.65 Med: -0.66 Max: 4.04
Current: -0.32

During the past 13 years, the highest Debt-to-Equity Ratio of Adya was 4.04. The lowest was -2.65. And the median was -0.66.

TSXV:ADYA's Debt-to-Equity is not ranked
in the Telecommunication Services industry.
Industry Median: 0.65 vs TSXV:ADYA: -0.32

Adya Debt-to-Equity Historical Data

The historical data trend for Adya'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.

Adya Debt-to-Equity Chart

Adya Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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-1.44

-2.43

-1.21

-0.67

-0.37

Adya Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															-0.42	-0.37	-0.34	-0.34	-0.32

Competitive Comparison of Adya's Debt-to-Equity

For the Telecom Services subindustry, Adya'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.

Adya's Debt-to-Equity Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Adya's Debt-to-Equity distribution charts can be found below:

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

Adya Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Adya's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(1.002	+	0.094)	/	-2.962
	=	-0.37

Adya's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(0.999	+	0.06)	/	-3.295
	=	-0.32

Adya (TSXV:ADYA) 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.

Adya Debt-to-Equity Related Terms

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

Adya (TSXV:ADYA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Adya Inc (TSXV:ADYA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

675 Cochrane Drive, Suite 100, North Tower, Markham, ON, CAN, L3R 0B8

Website

https://www.adya.ca

Adya Inc is a Canada-based company engaged in providing full-service telecommunication services. The service line of the company consists of dial-around services and subscription-based packages. It also provides cloud-based call recording, business phone, business internet, number 100, and others. The company operates its business through geographic segments that include Canada and the United States of America. The Canadian region generates maximum revenue for the company.

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