EarthLabs (EarthLabs) Debt-to-Equity : 0.00 (As of Sep. 2023)

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What is EarthLabs Debt-to-Equity?

EarthLabs's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.02 Mil. EarthLabs's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.05 Mil. EarthLabs's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $40.49 Mil. EarthLabs's debt to equity for the quarter that ended in Sep. 2023 was 0.00.

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

During the past 6 years, the highest Debt-to-Equity Ratio of EarthLabs was 0.04. The lowest was 0.00. And the median was 0.00.

SPOFF's Debt-to-Equity is not ranked ^*
in the Software industry.
Industry Median: 0.21
* Ranked among companies with meaningful Debt-to-Equity only.

EarthLabs Debt-to-Equity Historical Data

The historical data trend for EarthLabs'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.

EarthLabs Debt-to-Equity Chart

EarthLabs Annual Data

Trend

May17

May18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.03

0.02

EarthLabs Quarterly Data
	Nov18	Feb19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of EarthLabs's Debt-to-Equity

For the Information Technology Services subindustry, EarthLabs'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.

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

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

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

EarthLabs Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

EarthLabs's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(0.038	+	0.064)	/	42.765
	=	0.00

EarthLabs's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(0.022	+	0.052)	/	40.493
	=	0.00

EarthLabs (OTCPK:SPOFF) 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.

EarthLabs Debt-to-Equity Related Terms

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

EarthLabs (EarthLabs) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » EarthLabs Inc (OTCPK:SPOFF) » Definitions » Debt-to-Equity

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SPOT:Canada

Address

69 Yonge Street, Suite 1010, Toronto, ON, CAN, M5E 1K3

Website

https://earthlabs.com

EarthLabs Inc is a mining investment and technology company. It offers a full suite of data and knowledge-driven SaaS tools and services. EarthLabs works with industry customers across all commodity and deposit types to identify new exploration targets, develop cutting-edge technologies, and strategically invest in mineral exploration companies. It operates in two reportable segments Exploration Technology Division which houses the Company's exploration SaaS and consulting services and field services divisions, and Financial Technology Division which houses the Company's financial technology (CEO.CA and DigiGeoData) and growing investment portfolio.

EarthLabs (EarthLabs) Headlines

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