SONG (Music Licensing) Debt-to-Equity: 14.04 (As of Jun. 2024)

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What is Music Licensing Debt-to-Equity?

Music Licensing SONG Debt-to-Equity is 14.04 as of Jun. 2024.

Music Licensing's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $0.0 Mil. Music Licensing's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $17.3 Mil. Music Licensing's Total Stockholders Equity for the quarter that ended in Jun. 2024 was $1.2 Mil. Music Licensing's debt to equity for the quarter that ended in Jun. 2024 was 14.04.

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

SONG's Debt-to-Equity is not ranked *
in the Media - Diversified industry.
Industry Median: 0.26
* Ranked among companies with meaningful Debt-to-Equity only.

Music Licensing  (OTCPK:SONG) 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.

Music Licensing Debt-to-Equity Related Terms

Music Licensing Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Music Licensing'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.

Music Licensing Debt-to-Equity Chart

Music Licensing Annual Data
Trend Dec21 Dec22 Dec23
Debt-to-Equity
0.00 0.00 0.25

Music Licensing Quarterly Data
Dec21 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Debt-to-Equity Get a 7-Day Free Trial 0.00 0.30 0.25 0.57 14.04

SONG vs NFLX, DIS, LYV: Debt-to-Equity Comparison

For the Entertainment subindustry, Music Licensing'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.

Music Licensing Debt-to-Equity vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Music Licensing's Debt-to-Equity distribution charts can be found below:

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


Music Licensing Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Music Licensing'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 + 12.309) / 49.58
=0.25

Music Licensing's Debt to Equity Ratio for the quarter that ended in Jun. 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 + 17.315) / 1.233
=14.04

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 14.04 mean?
Music Licensing (SONG) has a Debt-to-Equity of 14.04 as of Jun. 2024. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Music Licensing and its competitors.
Is Music Licensing's Debt-to-Equity too high?
Music Licensing's current Debt-to-Equity is 14.04. The Media - Diversified industry median Debt-to-Equity is 0.26. Music Licensing's value of 14.04 is 5300% above this industry median.
How does Music Licensing's Debt-to-Equity compare to NFLX and DIS?
Music Licensing's Debt-to-Equity of 14.04 can be compared against companies in the Media - Diversified industry. The industry median Debt-to-Equity is 0.26. Music Licensing's value of 14.04 is 5300% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Media - Diversified company?
The median Debt-to-Equity among Media - Diversified companies is 0.26, based on 835 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Music Licensing's current Debt-to-Equity of 14.04 is 5300% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Music Licensing and its competitors. For the Media - Diversified industry, the median Debt-to-Equity is 0.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Music Licensing's current Debt-to-Equity is 14.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Music Licensing stock overvalued right now?
Music Licensing (SONG) has a current Debt-to-Equity of 14.04. The current Debt-to-Equity is 14.04 and 5300% above the Media - Diversified industry median of 0.26. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Music Licensing (SONG), the current Debt-to-Equity is 14.04 as of Jun. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Music Licensing Business Description

Address 382 NE 191st Street, Miami, FL, USA, 33179
Music Licensing Inc is an operator of a public performance rights organization. The group is a music performing rights organization that represents songwriters, composers, and music publishers and issues public performance licenses to businesses. Its customers include television and radio stations, internet/streaming services, and mobile technologies, Satellite audio services like XM and Sirius, nightclubs, restaurants, bars, and other venues. The group generates revenue from monthly or annual license fees. The company licenses music to some of the prominent platforms and businesses, including TikTok, iHeartMedia, Triller, Napster, 7Digital, Vevo, & many others.