Orthogonal Global Group (XCNQ:OGG) Debt-to-Equity : 0.00 (As of Dec. 2023)

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What is Orthogonal Global Group Debt-to-Equity?

Orthogonal Global Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil. Orthogonal Global Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil. Orthogonal Global Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$4.12 Mil. Orthogonal Global Group's debt to equity for the quarter that ended in Dec. 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 Orthogonal Global Group's Debt-to-Equity or its related term are showing as below:

During the past 5 years, the highest Debt-to-Equity Ratio of Orthogonal Global Group was 3.60. The lowest was -0.13. And the median was 0.04.

XCNQ:OGG's Debt-to-Equity is not ranked ^*
in the Asset Management industry.
Industry Median: 0.19
* Ranked among companies with meaningful Debt-to-Equity only.

Orthogonal Global Group Debt-to-Equity Historical Data

The historical data trend for Orthogonal Global Group'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.

Orthogonal Global Group Debt-to-Equity Chart

Orthogonal Global Group Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

-0.13

-0.12

-0.11

0.20

Orthogonal Global Group Quarterly Data
	Jun19	Jun20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial								3.60	-	-	-	-

Competitive Comparison of Orthogonal Global Group's Debt-to-Equity

For the Asset Management subindustry, Orthogonal Global Group'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.

Orthogonal Global Group's Debt-to-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Orthogonal Global Group's Debt-to-Equity distribution charts can be found below:

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

Orthogonal Global Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Orthogonal Global Group's Debt to Equity Ratio for the fiscal year that ended in Jun. 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)	/	1.688
	=	0.00

Orthogonal Global Group'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
	=	(0	+	0)	/	4.115
	=	0.00

Orthogonal Global Group (XCNQ:OGG) 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.

Orthogonal Global Group Debt-to-Equity Related Terms

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Orthogonal Global Group (XCNQ:OGG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Orthogonal Global Group Inc (XCNQ:OGG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

OGGIF:USA 8M9:Germany

Address

22 Leader Lane, Suite 409, Toronto, ON, CAN, M5E 0B2

Website

https://www.w3ven.com

Orthogonal Global Group Inc is a diversified investment company focused on identifying, incubating, accelerating, and developing world-class projects and applications for the decentralized web. Focused on supporting founders and entrepreneurs, Orthogonal Global core investment pillars are blockchain-based transparency, secured identity, verified communications, and gamification, focusing on early-stage, small and medium enterprises in the burgeoning Web three sector.

Orthogonal Global Group (XCNQ:OGG) Headlines

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