WiMi Hologram Cloud (WiMi Hologram Cloud) Debt-to-Equity : 0.07 (As of Dec. 2023)

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What is WiMi Hologram Cloud Debt-to-Equity?

WiMi Hologram Cloud's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1.95 Mil. WiMi Hologram Cloud's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $5.04 Mil. WiMi Hologram Cloud's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $105.46 Mil. WiMi Hologram Cloud's debt to equity for the quarter that ended in Dec. 2023 was 0.07.

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 WiMi Hologram Cloud's Debt-to-Equity or its related term are showing as below:

WIMI' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.1 Max: 1.42
Current: 0.07

During the past 7 years, the highest Debt-to-Equity Ratio of WiMi Hologram Cloud was 1.42. The lowest was 0.04. And the median was 0.10.

WIMI's Debt-to-Equity is ranked better than
77% of 848 companies
in the Media - Diversified industry
Industry Median: 0.28 vs WIMI: 0.07

WiMi Hologram Cloud Debt-to-Equity Historical Data

The historical data trend for WiMi Hologram Cloud'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.

WiMi Hologram Cloud Debt-to-Equity Chart

WiMi Hologram Cloud Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.21

0.10

0.07

0.04

0.07

WiMi Hologram Cloud Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial								0.07	0.02	0.04	0.05	0.07

Competitive Comparison of WiMi Hologram Cloud's Debt-to-Equity

For the Advertising Agencies subindustry, WiMi Hologram Cloud'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.

WiMi Hologram Cloud's Debt-to-Equity Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, WiMi Hologram Cloud's Debt-to-Equity distribution charts can be found below:

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

WiMi Hologram Cloud Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

WiMi Hologram Cloud'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
	=	(1.951	+	5.041)	/	105.456
	=	0.07

WiMi Hologram Cloud'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
	=	(1.951	+	5.041)	/	105.456
	=	0.07

WiMi Hologram Cloud (NAS:WIMI) 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.

WiMi Hologram Cloud Debt-to-Equity Related Terms

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

WiMi Hologram Cloud (WiMi Hologram Cloud) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » WiMi Hologram Cloud Inc (NAS:WIMI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

0BF1:Germany

Address

1st West Dawang Road, Room No.2002, Building A, Wentley Center, Chaoyang, Beijing, CHN, 100020

Website

http://ir.wimiar.com

WiMi Hologram Cloud Inc and its subsidiaries offer augmented reality (AR) based holographic services and products to cater to its customers. Its AR service and product offerings primarily consist of holographic AR advertising services and holographic AR entertainment products. It is also into the semiconductor business, in which the company provides central processing algorithm services and computer chip products to enterprise customers and the sales of comprehensive solutions for central processing algorithms and related services with software and hardware integration. The company reports in three segments: AR advertising, AR entertainment, and Semiconductor. Its geographical segments are Mainland China, Hong Kong, and International.