PAYS (PaySign) Debt-to-Equity : 0.11 (As of Sep. 2024)

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What is PaySign Debt-to-Equity?

PaySign's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.42 Mil. PaySign's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $2.60 Mil. PaySign's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $28.51 Mil. PaySign's debt to equity for the quarter that ended in Sep. 2024 was 0.11.

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

PAYS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05 Med: 0.2 Max: 0.38
Current: 0.11

During the past 13 years, the highest Debt-to-Equity Ratio of PaySign was 0.38. The lowest was 0.05. And the median was 0.20.

PAYS's Debt-to-Equity is ranked better than
64.98% of 2210 companies
in the Software industry
Industry Median: 0.22 vs PAYS: 0.11

PaySign Debt-to-Equity Historical Data

The historical data trend for PaySign'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.

PaySign Debt-to-Equity Chart

PaySign Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.33

0.31

0.23

0.14

PaySign Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															0.19	0.14	0.13	0.12	0.11

Competitive Comparison of PaySign's Debt-to-Equity

For the Software - Infrastructure subindustry, PaySign'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.

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

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

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

PaySign Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

PaySign'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
	=	(0.384	+	2.928)	/	24.487
	=	0.14

PaySign'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
	=	(0.424	+	2.602)	/	28.506
	=	0.11

PaySign (NAS:PAYS) 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.

PaySign Debt-to-Equity Related Terms

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

PaySign Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » PaySign Inc (NAS:PAYS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

2615 St. Rose Parkway, Henderson, NV, USA, 89052

Website

https://www.paysign.com

PaySign Inc is a provider of prepaid card programs, comprehensive patient affordability offerings, digital banking services, and integrated payment processing designed for businesses, consumers, and government institutions. The Company creates customized, payment solutions for clients across industries, including pharmaceutical, healthcare, hospitality, and retail. The company's revenues include fees generated from cardholder fees, interchange, card program management fees, transaction claims processing fees, and settlement income.

Executives

Mark Newcomer	director, 10 percent owner, officer: President & CEO	1700 W HORIZON RIDGE PARKWAY STE 2, HENDERSON NV 89012
Matthew Louis Lanford	officer: COO, President	11859 TAVEMA AVE,, LAS VEGAS NV 89138
Daniel Spence	director, 10 percent owner, officer: CIO	1700 W HORIZON RIDGE PARKWAY STE 2, HENDERSON NV 89012
Robert Strobo	officer: Secretary	1700 W. HORIZON RIDGE PARKWAY, SUITE 200, HENDERSON NV 89012
Jeffery Bradford Baker	officer: CFO	3101 HOWELL MILL RD., UNIT 223, ATLANTA GA 3
Joan M Herman	officer: Chief Operating Officer	1700 W. HORIZON RIDGE PARKWAY #200, HENDERSON NV 89012
Bruce A Mina	director	1700 W. HORIZON RIDGE PKWY, #200, HENDERSON NV 89012
Jeffrey B Newman	director	C/O EURONET WORLDWIDE, INC., 3500 COLLEGE BOULEVARD, LEAWOOD KS 66211
Mark Kenneth Attinger	officer: CFO	34522 N.SCOTTSDALE ROAD, SUITE 120-492, SCOTTSDALE AZ 85266
Quinn P Williams	director	2375 E. CAMELBACK ROAD, STE. 700, PHOENIX AZ 85016
Daniel R Henry	director	13160 BIRCH, OVERLAND PARK KS 66211
Dennis L Triplett	director	1700 HORIZON RIDGE PARKWAY, #200, HENDERSON NV 89012
Brian Polan	officer: Chief Financial Officer	1700 W. HORIZON RIDGE PARKWAY, SUITE 201, HENDERSON NV 89012
Anthony E Deprima	director, officer: Secretary
Joya Arthur De	officer: CFO	361 WISETON AVENUE, LAS VEGAS NV 89123