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GDLG (Glidelogic) Debt-to-Equity : -1.29 (As of Oct. 2024)


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What is Glidelogic Debt-to-Equity?

Glidelogic's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2024 was $0.02 Mil. Glidelogic's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2024 was $0.00 Mil. Glidelogic's Total Stockholders Equity for the quarter that ended in Oct. 2024 was $-0.02 Mil. Glidelogic's debt to equity for the quarter that ended in Oct. 2024 was -1.29.

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

GDLG' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.29   Med: 0.31   Max: 1.5
Current: -1.29

During the past 4 years, the highest Debt-to-Equity Ratio of Glidelogic was 1.50. The lowest was -1.29. And the median was 0.31.

GDLG's Debt-to-Equity is not ranked
in the Software industry.
Industry Median: 0.2 vs GDLG: -1.29

Glidelogic Debt-to-Equity Historical Data

The historical data trend for Glidelogic'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.

Glidelogic Debt-to-Equity Chart

Glidelogic Annual Data
Trend Jan21 Jan22 Jan23 Jan24
Debt-to-Equity
- 0.22 0.50 -0.50

Glidelogic Quarterly Data
Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.00 -0.50 -0.47 -1.07 -1.29

Competitive Comparison of Glidelogic's Debt-to-Equity

For the Software - Application subindustry, Glidelogic'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.

Glidelogic's Debt-to-Equity Distribution in the Software Industry

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

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


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Glidelogic Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Glidelogic's Debt to Equity Ratio for the fiscal year that ended in Jan. 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
=(0.005 + 0) / -0.01
=-0.50

Glidelogic's Debt to Equity Ratio for the quarter that ended in Oct. 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
=(0.022 + 0) / -0.017
=-1.29

* 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.

Glidelogic  (OTCPK:GDLG) 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.

Glidelogic Debt-to-Equity Related Terms

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

Glidelogic Business Description

Industry
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Traded in Other Exchanges
N/A
Address
11264 Playa Court, Culver, CA, USA, 90230
Website
https://www.glidelogic.ai
Glidelogic Corp is a software development company that is developing an online platform and messenger. It offers software development, encryption, blockchain technologies, and related lines of business aimed at the broad public. It focuses on users whose primary significance in a messenger application is the security and privacy of sent data. Alongside with software related services the company provides software development consulting services.