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Ryde Group (Ryde Group) Debt-to-Equity : -0.71 (As of Dec. 2023)


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What is Ryde Group Debt-to-Equity?

Ryde Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3.91 Mil. Ryde Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Ryde Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-5.51 Mil. Ryde Group's debt to equity for the quarter that ended in Dec. 2023 was -0.71.

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

RYDE' s Debt-to-Equity Range Over the Past 10 Years
Min: -3.22   Med: -1.5   Max: -0.71
Current: -0.71

During the past 3 years, the highest Debt-to-Equity Ratio of Ryde Group was -0.71. The lowest was -3.22. And the median was -1.50.

RYDE's Debt-to-Equity is not ranked
in the Software industry.
Industry Median: 0.2 vs RYDE: -0.71

Ryde Group Debt-to-Equity Historical Data

The historical data trend for Ryde Group'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.

Ryde Group Debt-to-Equity Chart

Ryde Group Annual Data
Trend Dec21 Dec22 Dec23
Debt-to-Equity
-3.22 -1.50 -0.71

Ryde Group Semi-Annual Data
Dec21 Dec22 Dec23
Debt-to-Equity -3.22 -1.50 -0.71

Competitive Comparison of Ryde Group's Debt-to-Equity

For the Software - Application subindustry, Ryde Group'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.

Ryde Group's Debt-to-Equity Distribution in the Software Industry

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

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


Ryde Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ryde Group'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
=(3.905 + 0) / -5.512
=-0.71

Ryde Group'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
=(3.905 + 0) / -5.512
=-0.71

* 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.

Ryde Group  (AMEX:RYDE) 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.

Ryde Group Debt-to-Equity Related Terms

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

Ryde Group (Ryde Group) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Ryde Group Ltd (AMEX:RYDE) » Definitions » Debt-to-Equity
Comparable Companies
Traded in Other Exchanges
D0S:Germany
Address
No. 08-21, Duo Tower, 3 Fraser Street, Singapore, SGP, 189352
Website
https://www.rydesharing.com
Ryde Group Ltd is a company providing an super mobility app offering ultimate convenience and reliability for their customers through multiple mobility tools that can be accessed and function seamlessly out of a single app. The company operate in following segments such as being mobility where they provide on-demand and scheduled carpooling and ride-hailing services, matching riders to our driver partners; and quick commerce where they provide on-demand, scheduled, and multi-stop parcel delivery services.

Ryde Group (Ryde Group) Headlines

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