Katipult Technology (TSXV:FUND) Debt-to-Equity : -0.92 (As of Sep. 2024)

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What is Katipult Technology Debt-to-Equity?

Katipult Technology's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$2.83 Mil. Katipult Technology's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$1.79 Mil. Katipult Technology's Total Stockholders Equity for the quarter that ended in Sep. 2024 was C$-5.02 Mil. Katipult Technology's debt to equity for the quarter that ended in Sep. 2024 was -0.92.

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

TSXV:FUND' s Debt-to-Equity Range Over the Past 10 Years
Min: -5.29 Med: -1.33 Max: 8.41
Current: -0.92

During the past 8 years, the highest Debt-to-Equity Ratio of Katipult Technology was 8.41. The lowest was -5.29. And the median was -1.33.

TSXV:FUND's Debt-to-Equity is not ranked
in the Software industry.
Industry Median: 0.22 vs TSXV:FUND: -0.92

Katipult Technology Debt-to-Equity Historical Data

The historical data trend for Katipult Technology'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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Katipult Technology Debt-to-Equity Chart

Katipult Technology Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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-3.02

-1.13

-1.98

-1.23

-1.04

Katipult Technology Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															-1.05	-1.04	-1.01	-1.02	-0.92

Competitive Comparison of Katipult Technology's Debt-to-Equity

For the Software - Application subindustry, Katipult Technology'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.

Katipult Technology's Debt-to-Equity Distribution in the Software Industry

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

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

Katipult Technology Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Katipult Technology'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
	=	(4.024	+	1.329)	/	-5.15
	=	-1.04

Katipult Technology's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(2.83	+	1.788)	/	-5.023
	=	-0.92

Katipult Technology (TSXV:FUND) 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.

Katipult Technology Debt-to-Equity Related Terms

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

Katipult Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Katipult Technology Corp (TSXV:FUND) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

KTPPF:USA K10:Germany

Address

900-903 8th Avenue Sw, Suite 1600, Calgary, AB, CAN, T2P 0P7

Website

https://www.katipult.com

Katipult Technology Corp is engaged in providing enterprise software and software-related services. It operates as a financial technology company offering a cloud-based software infrastructure that allows firms to design, set up and operate an investment platform. The platform includes modules for various user types, including investors, issuers, administrators, and auditors, among others. It generates subscription revenue and integration revenue. Subscription revenue consists of monthly recurring SaaS revenue earned by providing access to the Platform whereas Integration revenue consists of revenue arising from the provision of regulatory consulting, marketing consulting, and customization services to clients. It has a business presence in Canada, the U.K., and other countries.

Executives

Gordon David Breese

Director, Senior Officer