GINSMS (TSXV:GOK) Debt-to-Equity : -0.91 (As of Sep. 2024)

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What is GINSMS Debt-to-Equity?

GINSMS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$2.04 Mil. GINSMS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$0.04 Mil. GINSMS's Total Stockholders Equity for the quarter that ended in Sep. 2024 was C$-2.27 Mil. GINSMS's debt to equity for the quarter that ended in Sep. 2024 was -0.91.

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

TSXV:GOK' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.71 Med: -0.92 Max: -0.81
Current: -0.91

During the past 13 years, the highest Debt-to-Equity Ratio of GINSMS was -0.81. The lowest was -1.71. And the median was -0.92.

TSXV:GOK's Debt-to-Equity is not ranked
in the Telecommunication Services industry.
Industry Median: 0.675 vs TSXV:GOK: -0.91

GINSMS Debt-to-Equity Historical Data

The historical data trend for GINSMS'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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GINSMS Debt-to-Equity Chart

GINSMS Annual Data

Trend

Mar14

Mar15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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-0.89

-0.88

-0.91

-0.87

-0.81

GINSMS 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															-0.91	-0.81	-0.81	-0.89	-0.91

Competitive Comparison of GINSMS's Debt-to-Equity

For the Telecom Services subindustry, GINSMS'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.

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

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

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

GINSMS Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

GINSMS'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
	=	(1.996	+	0)	/	-2.458
	=	-0.81

GINSMS'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
	=	(2.035	+	0.038)	/	-2.269
	=	-0.91

GINSMS (TSXV:GOK) 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.

GINSMS Debt-to-Equity Related Terms

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

GINSMS Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » GINSMS Inc (TSXV:GOK) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

700 9th Avenue SW, Suite 3000, Calgary, AB, CAN, T2P 3V4

Website

https://www.ginsms.com

GINSMS Inc is a Canada based investment holding company. Its principal activities are providing messaging services which include enabling mobile application developers, short message service gateway, enterprises and financial institution to deliver SMS worldwide without any upfront capital investment through the use of the corporation's application programming interface. It also provides software product and services. The company's revenue sources are A2P messaging service income and software products and service income. The company provides services to various countries that are Singapore, Indonesia, Other Asian countries, the US and other regions, of which key revenue is derived from Singapore.

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