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SpringBig Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.33 Mil. SpringBig Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $10.01 Mil. SpringBig Holdings's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $-8.03 Mil. SpringBig Holdings's debt to equity for the quarter that ended in Mar. 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 SpringBig Holdings's Debt-to-Equity or its related term are showing as below:
During the past 5 years, the highest Debt-to-Equity Ratio of SpringBig Holdings was 102.03. The lowest was -2.49. And the median was -0.87.
The historical data trend for SpringBig Holdings'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.
SpringBig Holdings Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Debt-to-Equity | - | 0.08 | - | -2.49 | -0.54 |
SpringBig Holdings Quarterly Data | ||||||||||||||
Dec19 | Dec20 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Debt-to-Equity | Get a 7-Day Free Trial | -1.38 | -1.44 | -0.87 | -0.54 | -1.29 |
For the Software - Application subindustry, SpringBig Holdings'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.
For the Software industry and Technology sector, SpringBig Holdings's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where SpringBig Holdings's Debt-to-Equity falls into.
Debt to Equity measures the financial leverage a company has.
SpringBig Holdings'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 | |
= | (4.459 | + | 0.225) | / | -8.674 | |
= | -0.54 |
SpringBig Holdings'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 | |
= | (0.329 | + | 10.013) | / | -8.025 | |
= | -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.
SpringBig Holdings (OTCPK:SBIG) 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.
Thank you for viewing the detailed overview of SpringBig Holdings's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Paul Sykes | officer: Chief Financial Officer | 621 NW 53RD STREET, SUITE 250, BOCA RATON FL 33487 |
Jeffrey Todd Harris | director, 10 percent owner, officer: Chief Executive Officer | 621 NW 53RD STREET, SUITE 260, BOCA RATON FL 33487 |
Steven E Bernstein | director | C/O SBA COMMUNICATIONS CORP, ONE TOWN CENTER ROAD - THIRD FLOOR, BOCO RATON FL 83486 |
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Navin Anand | officer: Chief Technology Officer | 621 NW 53RD STREET, SUITE 250, BOCA RATON FL 33487 |
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