Syntheia (XCNQ:SYAI) Debt-to-Equity : 0.00 (As of Jun. 2024)

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What is Syntheia Debt-to-Equity?

Syntheia's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was C$0.00 Mil. Syntheia's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was C$0.00 Mil. Syntheia's Total Stockholders Equity for the quarter that ended in Jun. 2024 was C$-0.51 Mil. Syntheia's debt to equity for the quarter that ended in Jun. 2024 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 Syntheia's Debt-to-Equity or its related term are showing as below:

XCNQ:SYAI' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.04 Max: 0.04
Current: -0.23

During the past 2 years, the highest Debt-to-Equity Ratio of Syntheia was 0.04. The lowest was 0.04. And the median was 0.04.

XCNQ:SYAI's Debt-to-Equity is not ranked
in the Software industry.
Industry Median: 0.21 vs XCNQ:SYAI: -0.23

Syntheia Debt-to-Equity Historical Data

The historical data trend for Syntheia'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.

Syntheia Debt-to-Equity Chart

Syntheia Annual Data

Trend

Sep22

Sep23

Debt-to-Equity

0.04

Syntheia Quarterly Data
	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Debt-to-Equity	Get a 7-Day Free Trial			N/A	0.04	-	-	-

Competitive Comparison of Syntheia's Debt-to-Equity

For the Software - Infrastructure subindustry, Syntheia'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.

Syntheia's Debt-to-Equity Distribution in the Software Industry

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

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

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Syntheia Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Syntheia's Debt to Equity Ratio for the fiscal year 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
	=	(0.048	+	0.07)	/	2.731
	=	0.04

Syntheia's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(0	+	0)	/	-0.509
	=	0.00

Syntheia (XCNQ:SYAI) 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.

Syntheia Debt-to-Equity Related Terms

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

Syntheia Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Syntheia Corp (XCNQ:SYAI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

7YG:Germany

Address

217 Queen Street West, Suite 401, Toronto, ON, CAN, M5V 0R2

Website

https://www.syntheia.ai

Syntheia Corp is an artificial intelligence technology company that is developing and commercializing proprietary algorithms to deliver human-like conversations. The company's SaaS platform offers conversational AI solutions for both enterprise and small-medium business customers globally. The solution provided by the company has applications in various businesses such as automotive dealerships, law firms, real estate offices, doctor's clinics, and others where its AI solution can automate essential tasks.

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