XTM (XTMIF) Debt-to-Equity : -0.66 (As of Sep. 2024)

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What is XTM Debt-to-Equity?

XTM's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $2.93 Mil. XTM's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $7.39 Mil. XTM's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $-15.76 Mil. XTM's debt to equity for the quarter that ended in Sep. 2024 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 XTM's Debt-to-Equity or its related term are showing as below:

XTMIF' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.87 Med: 0.03 Max: 0.7
Current: -0.66

During the past 6 years, the highest Debt-to-Equity Ratio of XTM was 0.70. The lowest was -1.87. And the median was 0.03.

XTMIF's Debt-to-Equity is not ranked
in the Software industry.
Industry Median: 0.2 vs XTMIF: -0.66

XTM Debt-to-Equity Historical Data

The historical data trend for XTM'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.

XTM Debt-to-Equity Chart

XTM Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.20

0.70

0.03

0.07

-0.39

XTM 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															-1.86	-0.39	-0.94	-0.83	-0.66

Competitive Comparison of XTM's Debt-to-Equity

For the Information Technology Services subindustry, XTM'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.

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

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

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

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XTM Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

XTM'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
	=	(0.228	+	1.925)	/	-5.464
	=	-0.39

XTM'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
	=	(2.934	+	7.394)	/	-15.761
	=	-0.66

XTM (OTCPK:XTMIF) 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.

XTM Debt-to-Equity Related Terms

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

XTM Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » XTM Inc (OTCPK:XTMIF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

7XT:Germany PAID:Canada

Address

67 Mowat Avenue, Suite 437, Toronto, ON, CAN, M6K 1E3

Website

https://www.xtminc.com

XTM Inc is a fintech company providing payment solutions, including fully certified Earned Wage Access through its AnyDay product. It operates in the cloud banking space, providing on-demand pay solutions to businesses in the hospitality, personal care, and services staffing industries. The company's solution and products portfolio includes issuing cards, pre-authorized debit, direct deposit accounts, digital banking, Visa Direct/Mastercard Send, tip calculator, and Vert Credit Program. Its sole operating segment is the provision of earned wage access software platform. Geographically, a majority of its revenue is derived from Canada and the rest from the United States.