SURG (Surgepays) Debt-to-Asset : 0.11 (As of Sep. 2024)

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What is Surgepays Debt-to-Asset?

Surgepays's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $1.70 Mil. Surgepays's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $2.79 Mil. Surgepays's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was $41.50 Mil. Surgepays's debt to asset for the quarter that ended in Sep. 2024 was 0.11.

Surgepays Debt-to-Asset Historical Data

The historical data trend for Surgepays's Debt-to-Asset 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.

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Surgepays Debt-to-Asset Chart

Surgepays Annual Data

Trend

Apr14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.85

1.05

0.39

0.24

0.13

Surgepays Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Asset	Get a 7-Day Free Trial															0.13	0.13	0.08	0.09	0.11

Competitive Comparison of Surgepays's Debt-to-Asset

For the Software - Application subindustry, Surgepays's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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.

Surgepays's Debt-to-Asset Distribution in the Software Industry

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

* The bar in red indicates where Surgepays's Debt-to-Asset falls into.

Surgepays Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Surgepays's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(4.628	+	0.817)	/	41.925
	=	0.13

Surgepays's Debt-to-Asset for the quarter that ended in Sep. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(1.698	+	2.789)	/	41.499
	=	0.11

Surgepays (NAS:SURG) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Surgepays Debt-to-Asset Related Terms

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

Surgepays Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Surgepays Inc (NAS:SURG) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

9B90:Germany 9B90:Germany

Address

3124 Brother Boulevard, Suite 104, Bartlett, TN, USA, 38133

Website

https://www.surgepays.com

Surgepays Inc is a fintech company focused on the underbanked community. It provides services to financial technology, telecommunications, and digital media companies. Its operating segment includes Mobile Virtual Network Operators that provide mobile broadband (internet connectivity), voice and SMS text messaging to both subsidized and direct retail prepaid customers through SurgePhone Wireless, LLC and Torch Wireless, LLC; Comprehensive Platform Services provide financial technology and a wireless top-up platform to independently owned convenience stores throughout the country; Lead Generation is a generation and case management solutions company serving law firms in the mass tort industry; and Others. It generates the revenue from Mobile Virtual Network Operator segment.

Executives

Kevin Brian Cox	director, 10 percent owner, officer: CHIEF EXECUTIVE OFFICER	3124 BROTHER BLVD, STE. 104, BARTLETT W6 38133
Anthony Geogre Evers	officer: Chief Financial Officer	701 ASHTON LANE, SOUTH ELGIN IL 60177
Laurie Weisberg	director	C/O JERRICK MEDIA HOLDINGS, INC., 2050 CENTER AVENUE, SUITE 640, FORT LEE NJ 07024
Richard Earl Schurfeld	director	1600 MADISON AVENUE, 4TH FLOOR, TOLEDO OH 43604
John Mott	officer: CHIEF TECHNOLOGY OFFICER	890 W, HILLWOOD DM, NASHVILLE TN 37205
David Allen May	director	12131 BROOKS RIVER DR, ARLINGTON TN 38002
Nuzzo Anthony P. Jr	director, officer: President and COO	3124 BROTHER BLVD, STE 104, BARTLETT TN 38133
David N Keys	director	3770 HOWARD HUGHES PARKWAY, STE 300, LAS VEGAS NV 89109
David C Ansani	director	1375 VALLEY RD, BANNOCKBURN L3 60015
Campbell Ted Dudley Ii	director	PO BOX 1358, SPRING BRANCH TX 78070
Clinton W Coldren	director, 10 percent owner, officer: PRESIDENT, CEO & CFO	1535 SONIAT ST.,, NEW ORLEANS LA 70115
Alan G Massara	director	339 NORWOOD AVENUE, AVON BY THE SEA NJ 07717
Ross E Silvey	director, officer: CEO and President	7633 EAST 63RD PLACE, #220, TULSA OK 74133
Vladimir Fedyunin	director, 10 percent owner, officer: President, CEO and CFO	PO BOX 158, LIONS BAY A1 VON 2E0