TruGolf Holdings (TruGolf Holdings) Debt-to-Equity : -1.72 (As of Dec. 2023)

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What is TruGolf Holdings Debt-to-Equity?

TruGolf Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $2.15 Mil. TruGolf Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. TruGolf Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-1.25 Mil. TruGolf Holdings's debt to equity for the quarter that ended in Dec. 2023 was -1.72.

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

TRUG' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.97 Med: -1.34 Max: -1.14
Current: -1.72

During the past 2 years, the highest Debt-to-Equity Ratio of TruGolf Holdings was -1.14. The lowest was -1.97. And the median was -1.34.

TRUG's Debt-to-Equity is not ranked
in the Interactive Media industry.
Industry Median: 0.16 vs TRUG: -1.72

TruGolf Holdings Debt-to-Equity Historical Data

The historical data trend for TruGolf Holdings'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.

TruGolf Holdings Debt-to-Equity Chart

TruGolf Holdings Annual Data

Trend

Dec21

Dec22

Debt-to-Equity

-1.14

-1.26

TruGolf Holdings Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial				-1.26	N/A	-1.97	-1.34	-1.72

Competitive Comparison of TruGolf Holdings's Debt-to-Equity

For the Electronic Gaming & Multimedia subindustry, TruGolf Holdings'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.

TruGolf Holdings's Debt-to-Equity Distribution in the Interactive Media Industry

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

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

TruGolf Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

TruGolf Holdings'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
	=	(2.39	+	1.947)	/	-3.431
	=	-1.26

TruGolf Holdings's Debt to Equity Ratio for the quarter 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
	=	(2.15	+	0)	/	-1.252
	=	-1.72

TruGolf Holdings (NAS:TRUG) 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.

TruGolf Holdings Debt-to-Equity Related Terms

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TruGolf Holdings (TruGolf Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » TruGolf Holdings Inc (NAS:TRUG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

60 North 1400 West, Centerville, UT, USA, 84014

Website

https://www.trugolf.com

TruGolf Inc is among the leading golf simulator manufacturers and distributors of golf simulator equipment, including software and hardware, and is in the process of developing a new line of next-generation golf simulator products that aims to revolutionize the virtual golf experience. The primary business of the company is the manufacturing and sale of indoor golf simulator hardware under its TruGolf brand, which includes TruGolf's E6 Connect premier software, as well as selling its E6 Connect software individually.

TruGolf Holdings (TruGolf Holdings) Headlines

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