WRMA (Wiremedia) Debt-to-Equity : 0.00 (As of Sep. 2023)

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What is Wiremedia Debt-to-Equity?

Wiremedia's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil. Wiremedia's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil. Wiremedia's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $-0.05 Mil. Wiremedia's debt to equity for the quarter that ended in Sep. 2023 was 0.00.

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

WRMA's Debt-to-Equity is not ranked ^*
in the Media - Diversified industry.
Industry Median: 0.285
* Ranked among companies with meaningful Debt-to-Equity only.

Wiremedia Debt-to-Equity Historical Data

The historical data trend for Wiremedia'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.

Wiremedia Debt-to-Equity Chart

Wiremedia Annual Data

Trend

Debt-to-Equity

Wiremedia Semi-Annual Data
	Sep23
Debt-to-Equity	-

Competitive Comparison of Wiremedia's Debt-to-Equity

For the Advertising Agencies subindustry, Wiremedia'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.

Wiremedia's Debt-to-Equity Distribution in the Media - Diversified Industry

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

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

Wiremedia Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Wiremedia's Debt to Equity Ratio for the fiscal year that ended in . 20 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
	=	(	+	)	/	N/A
	=	N/A

Wiremedia's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(0	+	0)	/	-0.048
	=	0.00

Wiremedia (OTCPK:WRMA) 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.

Wiremedia Debt-to-Equity Related Terms

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

Wiremedia Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Wiremedia Inc (OTCPK:WRMA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

370 Amapola Avenue, Suite 200A, Torrance, CA, USA, 90501

Website

https://www.wiremedia.net

Wiremedia Inc focuses on creating mobile technologies and data applications. It offers mobile content marketing and distribution services to deliver mobile applications, services, and content to various industries and sectors. The company also manages a portfolio of business operations involving applications for Mobile Devices, Digital Media, and Marketplace.

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