Greenlit Ventures (Greenlit Ventures) Debt-to-Equity : -0.90 (As of Mar. 2024)

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What is Greenlit Ventures Debt-to-Equity?

Greenlit Ventures's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil. Greenlit Ventures's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.14 Mil. Greenlit Ventures's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $-0.16 Mil. Greenlit Ventures's debt to equity for the quarter that ended in Mar. 2024 was -0.90.

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

GLVT' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.46 Med: -0.91 Max: -0.83
Current: -0.9

During the past 8 years, the highest Debt-to-Equity Ratio of Greenlit Ventures was -0.83. The lowest was -1.46. And the median was -0.91.

GLVT's Debt-to-Equity is not ranked
in the Business Services industry.
Industry Median: 0.38 vs GLVT: -0.90

Greenlit Ventures Debt-to-Equity Historical Data

The historical data trend for Greenlit Ventures'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.

Greenlit Ventures Debt-to-Equity Chart

Greenlit Ventures Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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-1.46

-0.83

-0.91

Greenlit Ventures Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															-0.93	-0.94	-0.92	-0.91	-0.90

Competitive Comparison of Greenlit Ventures's Debt-to-Equity

For the Consulting Services subindustry, Greenlit Ventures'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.

Greenlit Ventures's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Greenlit Ventures's Debt-to-Equity distribution charts can be found below:

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

Greenlit Ventures Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Greenlit Ventures'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	+	0.14)	/	-0.154
	=	-0.91

Greenlit Ventures's Debt to Equity Ratio for the quarter that ended in Mar. 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	+	0.139)	/	-0.155
	=	-0.90

Greenlit Ventures (OTCPK:GLVT) 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.

Greenlit Ventures Debt-to-Equity Related Terms

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

Greenlit Ventures (Greenlit Ventures) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Greenlit Ventures Inc (OTCPK:GLVT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

9169 W State Street, No.3147, Garden City, ID, USA, 83714

Website

MS Young Adventure Enterprise Inc is a marketing and management consulting company that provides advisory services to companies located in Asia for the purpose of facilitating the competitiveness of those companies in the international market. The company offers a wide assortment of advisory services, ranging from business planning consulting services, mergers and acquisitions advising, and marketing services.

Executives

Zilin Wang Wang	director, 10 percent owner, officer: president,director,10%+ sh	506 ENTERPRISE AVENUE, KITIMAT A1 V8C 2E2
James M Cassidy	director, 10 percent owner, officer: president	215 APOLENA AVENUE, NEWPORT BEACH CA 92662
James K Mckillop	director, 10 percent owner, officer: vice president	9454 WILSHIRE BOULEVARD, SUITE 612, BEVERLY HILLS CA 90212

Greenlit Ventures (Greenlit Ventures) Headlines

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