DJT (Trump Media & Technology Group) Debt-to-Equity : 0.02 (As of Sep. 2024)

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What is Trump Media & Technology Group Debt-to-Equity?

Trump Media & Technology Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $5.48 Mil. Trump Media & Technology Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $6.86 Mil. Trump Media & Technology Group's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $816.53 Mil. Trump Media & Technology Group's debt to equity for the quarter that ended in Sep. 2024 was 0.02.

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 Trump Media & Technology Group's Debt-to-Equity or its related term are showing as below:

DJT' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.77 Med: -0.02 Max: 0.24
Current: 0.02

During the past 2 years, the highest Debt-to-Equity Ratio of Trump Media & Technology Group was 0.24. The lowest was -0.77. And the median was -0.02.

DJT's Debt-to-Equity is ranked better than
87.08% of 418 companies
in the Interactive Media industry
Industry Median: 0.145 vs DJT: 0.02

Trump Media & Technology Group Debt-to-Equity Historical Data

The historical data trend for Trump Media & Technology Group'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.

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Trump Media & Technology Group Debt-to-Equity Chart

Trump Media & Technology Group Annual Data

Trend

Dec21

Dec22

Debt-to-Equity

-0.04

-0.54

Trump Media & Technology Group Quarterly Data
	Dec21	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial				N/A	-0.77	0.24	-	0.02

Competitive Comparison of Trump Media & Technology Group's Debt-to-Equity

For the Internet Content & Information subindustry, Trump Media & Technology Group'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.

Trump Media & Technology Group's Debt-to-Equity Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Trump Media & Technology Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Trump Media & Technology Group's Debt-to-Equity falls into.

Trump Media & Technology Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Trump Media & Technology Group'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
	=	(4.273	+	0.362)	/	-8.573
	=	-0.54

Trump Media & Technology Group's Debt to Equity Ratio for the quarter that ended in Sep. 2024 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
	=	(5.484	+	6.859)	/	816.533
	=	0.02

Trump Media & Technology Group (NAS:DJT) 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.

Trump Media & Technology Group Debt-to-Equity Related Terms

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

Trump Media & Technology Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Trump Media & Technology Group Corp (NAS:DJT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

DJTWW:USA

Address

401 N. Cattlemen Road, Suite 200, Sarasota, FL, USA, 34232

Website

Trump Media & Technology Group Corp is a media and technology company rooted in social media, digital streaming, information technology infrastructure, and more. Its initial product launch will focus on its social media platform, Truth Social, which encourages an open, free, and honest global conversation without discriminating against political ideology.