SCGY (Scientific Energy) Debt-to-Equity : 0.04 (As of Sep. 2024)

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What is Scientific Energy Debt-to-Equity?

Scientific Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $2.60 Mil. Scientific Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.20 Mil. Scientific Energy's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $72.14 Mil. Scientific Energy's debt to equity for the quarter that ended in Sep. 2024 was 0.04.

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

SCGY' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.15 Med: 0 Max: 0.04
Current: 0.04

During the past 13 years, the highest Debt-to-Equity Ratio of Scientific Energy was 0.04. The lowest was -0.15. And the median was 0.00.

SCGY's Debt-to-Equity is ranked better than
77.4% of 416 companies
in the Interactive Media industry
Industry Median: 0.15 vs SCGY: 0.04

Scientific Energy Debt-to-Equity Historical Data

The historical data trend for Scientific Energy'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.

Scientific Energy Debt-to-Equity Chart

Scientific Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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-0.12

0.02

0.03

0.04

Scientific Energy 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															0.03	0.04	0.04	0.03	0.04

Competitive Comparison of Scientific Energy's Debt-to-Equity

For the Internet Content & Information subindustry, Scientific Energy'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.

Scientific Energy's Debt-to-Equity Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Scientific Energy's Debt-to-Equity distribution charts can be found below:

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

Scientific Energy Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Scientific Energy'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
	=	(2.428	+	0.067)	/	69.187
	=	0.04

Scientific Energy'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
	=	(2.604	+	0.198)	/	72.139
	=	0.04

Scientific Energy (OTCPK:SCGY) 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.

Scientific Energy Debt-to-Equity Related Terms

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

Scientific Energy Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Scientific Energy Inc (OTCPK:SCGY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

180 Alameda Drive, Tong Nam Ah Commercial Centre, 21th Floor, Room M, Carlos D’Assumpcao, Macau, MAC

Website

http://www.makeliving.com

Scientific Energy Inc operates through its subsidiaries. It is a leading mobile platform for ordering and delivery services for restaurants or other merchants in Macau. It operates in Macau. Its businesses are built on its platform, Aomi App (the Platform). The Platform connects restaurants/ merchants with consumers and delivery riders. The Platform is created to serve the needs of these three key areas and to become more intelligent and efficient with every customer order.

Executives

Haitao Jiang	10 percent owner	RUA DE MADRID, NO.21, WAN YU VILLAS, 9J, MACAU N5 999078
Aspect Group Ltd	10 percent owner	HY DIAMOND EXCHANGE BLDG, SUITE A, 7TH FLOOR, HONG KONG XX CHINA
Liang Huang	10 percent owner	NO. 43 KUIHUALI, APT. 502, ZHUHUI DISTRICT, HENGYANG, HUNAN PROVINCE F4 421002
Chan Stanley P.c.	10 percent owner	C/O 475 EAST 70TH STREET, #7C, NEW YORK NY 10021
Dale C Gledhill	director	630 NORTH 400 WEST, SALT LAKE CITY UT 84103
Todd B Crosland	director, 10 percent owner, officer: President	630 NORTH 400 WEST, SALT LAKE CITY UT 84103
Mark Clawson	director	630 N. 400 WEST, SALT LAKE CITY UT 84103
Jana K Meyer	director, officer: Secretary	630 N. 400 WEST, SALT LAKE CITY UT 84103

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