GetSwift Technologies (GetSwift Technologies) Debt-to-Equity : 0.00 (As of Mar. 2021)

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What is GetSwift Technologies Debt-to-Equity?

GetSwift Technologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2021 was $0.00 Mil. GetSwift Technologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2021 was $0.00 Mil. GetSwift Technologies's Total Stockholders Equity for the quarter that ended in Mar. 2021 was $19.72 Mil. GetSwift Technologies's debt to equity for the quarter that ended in Mar. 2021 was 0.00.

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

GTSWF's Debt-to-Equity is not ranked ^*
in the Software industry.
Industry Median: 0.2
* Ranked among companies with meaningful Debt-to-Equity only.

GetSwift Technologies Debt-to-Equity Historical Data

The historical data trend for GetSwift Technologies'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.

GetSwift Technologies Debt-to-Equity Chart

GetSwift Technologies Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Debt-to-Equity

0.01

GetSwift Technologies Quarterly Data
	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Mar21
Debt-to-Equity	Get a 7-Day Free Trial											-	N/A	0.01	N/A	-

Competitive Comparison of GetSwift Technologies's Debt-to-Equity

For the Software - Application subindustry, GetSwift Technologies'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.

GetSwift Technologies's Debt-to-Equity Distribution in the Software Industry

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

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

GetSwift Technologies Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

GetSwift Technologies's Debt to Equity Ratio for the fiscal year that ended in Jun. 2020 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
	=	(0.229	+	0)	/	30.363
	=	0.01

GetSwift Technologies's Debt to Equity Ratio for the quarter that ended in Mar. 2021 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)	/	19.724
	=	0.00

GetSwift Technologies (OTCPK:GTSWF) 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.

GetSwift Technologies Debt-to-Equity Related Terms

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GetSwift Technologies (GetSwift Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » GetSwift Technologies Ltd (OTCPK:GTSWF) » Definitions » Debt-to-Equity

Comparable Companies

TSXV:ID XSAT:JOJK XCNQ:PLNK ASX:AO1 WAR:ITL WAR:MAD XCNQ:PPK OCSE:NEXCOM TSXV:NPA XCNQ:PUSH

Traded in Other Exchanges

N/A

Address

1185 6th Avenue, New York, NY, USA, 10036

Website

https://www.getswift.co

GetSwift Technologies Ltd is a technology and services company that offers a suite of software, products, and services through its operating subsidiaries, which are focused on business and logistics and automation, data management and analysis, communications, information security, and infrastructure optimization and also includes e-commerce and marketplace ordering, workforce management, data analytics and augmentation, business intelligence, route optimization, cash management, task management shift management, asset tracking, real-time alerts, cloud communications, and communications infrastructure services and products through consulting, design, construction, and maintenance.