SITO Mobile (SITO Mobile) Debt-to-Equity : -0.23 (As of Sep. 2019)

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What is SITO Mobile Debt-to-Equity?

SITO Mobile's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2019 was $3.32 Mil. SITO Mobile's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2019 was $0.00 Mil. SITO Mobile's Total Stockholders Equity for the quarter that ended in Sep. 2019 was $-14.72 Mil. SITO Mobile's debt to equity for the quarter that ended in Sep. 2019 was -0.23.

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

STTO's Debt-to-Equity is not ranked ^*
in the Telecommunication Services industry.
Industry Median: 0.65
* Ranked among companies with meaningful Debt-to-Equity only.

SITO Mobile Debt-to-Equity Historical Data

The historical data trend for SITO Mobile'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.

SITO Mobile Debt-to-Equity Chart

SITO Mobile Annual Data

Trend

Sep09

Sep10

Sep11

Sep12

Sep13

Sep14

Sep15

Dec16

Dec17

Dec18

Debt-to-Equity

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1.63

1.75

0.40

SITO Mobile Quarterly Data
	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
Debt-to-Equity	Get a 7-Day Free Trial															-	-	0.03	0.21	-0.23

Competitive Comparison of SITO Mobile's Debt-to-Equity

For the Telecom Services subindustry, SITO Mobile'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.

SITO Mobile's Debt-to-Equity Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, SITO Mobile's Debt-to-Equity distribution charts can be found below:

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

SITO Mobile Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

SITO Mobile's Debt to Equity Ratio for the fiscal year that ended in Dec. 2018 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
	=	(0.004	+	0.008)	/	13.126
	=	0.00

SITO Mobile's Debt to Equity Ratio for the quarter that ended in Sep. 2019 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
	=	(3.32	+	0)	/	-14.724
	=	-0.23

SITO Mobile (OTCPK:STTO) 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.

SITO Mobile Debt-to-Equity Related Terms

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

SITO Mobile (SITO Mobile) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » SITO Mobile Ltd (OTCPK:STTO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

100 Town Square Place, Suite 204, Jersey City, NJ, USA, 07310

Website

https://www.sitomobile.com

SITO Mobile Ltd operates a mobile location-based advertising platform serving businesses, advertisers, and brands. Business activity of the group is operated SITO Location Based Advertising and SITO Mobile Messaging source. SITO Location Based Advertising displays advertisements and videos on behalf of advertisers including various features, such as geo-fencing, verified walk-in, behavioral targeting, and analytics and optimization; and SITO Mobile Messaging is a platform for building and controlling tailored programs including messaging and customer incentive programs. Its platform and tools are designed to enable large brands or anyone with substantial reach to utilize the mobile device as a new means to communicate.

Executives

Stephen D Baksa	director
Scott L Kauffman	officer: Chief Executive Officer	260 CHURCHILL AVENUE, PALO ALTO CA 94301
Priore Mark Del	other: Former Chief Financial Officer	C/O SITO MOBILE, LTD., 100 TOWN SQUARE PLACE, SUITE 204, JERSEY CITY NJ 07310
Itzhak Fisher	director	767 FIFTH AVE STE 4300, NEW YORK NY 10153
Matthew Stecker	director	711 SOUTH BRYN MAWR AVE., BRYN MAWR PA 19010
Thomas Thekkethala	director	9777 PYRAMID COURT, SUITE 100, ENGLEWOOD CO 80112
Brent David Rosenthal	director	C/O WR HUFF ASSET MANAGEMENT, 67 PARK PLACE, MORRISTOWN NJ 07960
Betsy J Bernard	director	711 HIGH STREET, DES MOINES IA 50392-0300
Lawrence Firestone	officer: Interim CFO	C/O CVD EQUIPMENT CORPORATION, C/O CVD EQUIPMENT CORPORATION, CENTRAL ISLIP NY 11722
Lowell W Robinson	director	470 WEST END AVENUE, NEW YORK NY 10024
Karen Singer	10 percent owner	212 VACCARO DRIVE, CRESSKILL NJ 07626
Philip B Livingston	director	1241 EAST MAIN ST, STAMFORD CT 06902
Stuart Levine	director	3 HUNTINGTON QUADRANGLE, SUITE 200S, MELVILLE NY 11747-8943
James Larry Nelson	director	2747 PARADISE ROAD, PH2804, LAS VEGAS NV 89109