Freeze Tag (Freeze Tag) Debt-to-Equity : -2.34 (As of Dec. 2023)

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What is Freeze Tag Debt-to-Equity?

Freeze Tag's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.39 Mil. Freeze Tag's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.15 Mil. Freeze Tag's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-0.23 Mil. Freeze Tag's debt to equity for the quarter that ended in Dec. 2023 was -2.34.

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

FRZT' s Debt-to-Equity Range Over the Past 10 Years
Min: -8.51 Med: -0.89 Max: 0.48
Current: -2.34

During the past 13 years, the highest Debt-to-Equity Ratio of Freeze Tag was 0.48. The lowest was -8.51. And the median was -0.89.

FRZT's Debt-to-Equity is not ranked
in the Interactive Media industry.
Industry Median: 0.155 vs FRZT: -2.34

Freeze Tag Debt-to-Equity Historical Data

The historical data trend for Freeze Tag'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.

Freeze Tag Debt-to-Equity Chart

Freeze Tag Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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-0.91

-1.16

-2.43

-8.51

-2.34

Freeze Tag Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															-8.51	-5.30	-7.96	-5.05	-2.34

Competitive Comparison of Freeze Tag's Debt-to-Equity

For the Electronic Gaming & Multimedia subindustry, Freeze Tag'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.

Freeze Tag's Debt-to-Equity Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Freeze Tag's Debt-to-Equity distribution charts can be found below:

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

Freeze Tag Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Freeze Tag'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
	=	(0.39	+	0.153)	/	-0.232
	=	-2.34

Freeze Tag'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
	=	(0.39	+	0.153)	/	-0.232
	=	-2.34

Freeze Tag (OTCPK:FRZT) 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.

Freeze Tag Debt-to-Equity Related Terms

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

Freeze Tag (Freeze Tag) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Freeze Tag Inc (OTCPK:FRZT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

360 E 1st Street, Suite 450, Tustin, CA, USA, 92780

Website

https://www.freezetag.com

Freeze Tag Inc creates mobile social games for all ages. The company's games can be downloaded for free by the players and also can purchase virtual items and additional features. Its games are sold through digital storefronts, such as Apple's App Store, the Google Play Store, and Amazon's App Store. Its games portfolio consists of Garfield Go, Alpha Bunny, Black Forest: Hidden Object Mystery, Clouds, Jelly Drop, Party Animals: Dance Battle, Winter Words: Christmas Cookies, and others.

Executives

Vardeman Robert Don Jr	director, 10 percent owner, officer: President	1720 BRAY CENTRAL DR., MCKINNEY TX 75069
Craig Holland	director, 10 percent owner, officer: President and CEO	228 W. MAIN STREET, 2ND FLOOR, TUSTIN CA 92780
Mick Donahoo	director, 10 percent owner, officer: Secretary and CFO	228 W. MAIN STREET, 2ND FLOOR, TUSTIN CA 92780