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STGZ (Stargaze Entertainment Group) Debt-to-Equity : -0.04 (As of Nov. 2024)


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What is Stargaze Entertainment Group Debt-to-Equity?

Stargaze Entertainment Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2024 was $0.00 Mil. Stargaze Entertainment Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2024 was $0.01 Mil. Stargaze Entertainment Group's Total Stockholders Equity for the quarter that ended in Nov. 2024 was $-0.26 Mil. Stargaze Entertainment Group's debt to equity for the quarter that ended in Nov. 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 Stargaze Entertainment Group's Debt-to-Equity or its related term are showing as below:

STGZ' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.04   Med: 0.43   Max: 0.9
Current: -0.04

During the past 2 years, the highest Debt-to-Equity Ratio of Stargaze Entertainment Group was 0.90. The lowest was -0.04. And the median was 0.43.

STGZ's Debt-to-Equity is not ranked
in the Media - Diversified industry.
Industry Median: 0.25 vs STGZ: -0.04

Stargaze Entertainment Group Debt-to-Equity Historical Data

The historical data trend for Stargaze Entertainment 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.

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Stargaze Entertainment Group Debt-to-Equity Chart

Stargaze Entertainment Group Annual Data
Trend Nov23 Nov24
Debt-to-Equity
0.90 -0.04

Stargaze Entertainment Group Semi-Annual Data
Aug23 Nov24
Debt-to-Equity 0.90 -0.04

Competitive Comparison of Stargaze Entertainment Group's Debt-to-Equity

For the Entertainment subindustry, Stargaze Entertainment 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.

Stargaze Entertainment Group's Debt-to-Equity Distribution in the Media - Diversified Industry

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

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


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Stargaze Entertainment Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Stargaze Entertainment Group's Debt to Equity Ratio for the fiscal year that ended in Nov. 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 + 0.01) / -0.264
=-0.04

Stargaze Entertainment Group's Debt to Equity Ratio for the quarter that ended in Nov. 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 + 0.01) / -0.264
=-0.04

* 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.

Stargaze Entertainment Group  (OTCPK:STGZ) 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.

Stargaze Entertainment Group Debt-to-Equity Related Terms

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Stargaze Entertainment Group Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Stargaze Entertainment Group Inc (OTCPK:STGZ) » Definitions » Debt-to-Equity
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Traded in Other Exchanges
N/A
Address
334 Cornelia Street, Suite 279, Plattsburgh, NY, USA, 12901
Website
https://www.stargazeentertainmentgroup.com
Stargaze Entertainment Group Inc is an entertainment production and distribution company. It focuses on the creation and distribution of films, music and live streaming of shows. The company's other services include copyrights, records production, and distribution, and music publication.