Tribal Rides International (Tribal Rides International) Debt-to-Equity : -0.66 (As of Jun. 2023)

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What is Tribal Rides International Debt-to-Equity?

Tribal Rides International's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.36 Mil. Tribal Rides International's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.00 Mil. Tribal Rides International's Total Stockholders Equity for the quarter that ended in Jun. 2023 was $-0.54 Mil. Tribal Rides International's debt to equity for the quarter that ended in Jun. 2023 was -0.66.

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 Tribal Rides International's Debt-to-Equity or its related term are showing as below:

XNDA' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.16 Med: -0.4 Max: 1
Current: -0.66

During the past 9 years, the highest Debt-to-Equity Ratio of Tribal Rides International was 1.00. The lowest was -1.16. And the median was -0.40.

XNDA's Debt-to-Equity is not ranked
in the Software industry.
Industry Median: 0.21 vs XNDA: -0.66

Tribal Rides International Debt-to-Equity Historical Data

The historical data trend for Tribal Rides International'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.

Tribal Rides International Debt-to-Equity Chart

Tribal Rides International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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-0.40

-0.77

-0.46

0.28

-0.72

Tribal Rides International Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Debt-to-Equity	Get a 7-Day Free Trial															-0.86	-0.83	-0.72	-0.65	-0.66

Competitive Comparison of Tribal Rides International's Debt-to-Equity

For the Software - Application subindustry, Tribal Rides International'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.

Tribal Rides International's Debt-to-Equity Distribution in the Software Industry

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

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

Tribal Rides International Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tribal Rides International's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(0.31	+	0)	/	-0.428
	=	-0.72

Tribal Rides International's Debt to Equity Ratio for the quarter 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
	=	(0.356	+	0)	/	-0.539
	=	-0.66

Tribal Rides International (OTCPK:XNDA) 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.

Tribal Rides International Debt-to-Equity Related Terms

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Tribal Rides International (Tribal Rides International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Tribal Rides International Corp (OTCPK:XNDA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

26060 Acero, Mission Viejo, CA, USA, 92691

Website

https://www.tribalrides.us

Tribal Rides International Corp is a transportation technology company creating the future of personal mobility with a, patented focus on autonomous vehicles. It is developing a cloud-based Systems as a Solution (SaaS) interface for a comprehensive social network and mobile application. The company's planned E-commerce module will enable users to create and manage their own personalized transportation experience; to form and/or join groups; collaborate on cost-saving strategies; find, schedule, obtain transportation services from within the groups in which it belong, and easily and securely conduct financial transactions.

Executives

Joseph Grimes	director, 10 percent owner, officer: CEO	6 CLEOME, LADERA RANCH CA 92694
Steven Paul Ritacco	director, officer: Chief Technology Officer	4311 NE 18TH AVE, FT. LAUDERDALE FL 33334
Sanjay Prasad	director	221 MAIN STREET, #496, LOS ALTOS CA 94023
Donald Dewayne Smith	officer: Chief Financial Officer	C/O TRIBAL RIDES INTERNATIONAL, INC., 26060 ACERO, MISSION VIEJO CA 92691