EVmo (YAYO) Debt-to-Equity : -38.88 (As of Mar. 2023)

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What is EVmo Debt-to-Equity?

EVmo's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was $5.53 Mil. EVmo's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was $14.95 Mil. EVmo's Total Stockholders Equity for the quarter that ended in Mar. 2023 was $-0.53 Mil. EVmo's debt to equity for the quarter that ended in Mar. 2023 was -38.87.

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

YAYO's Debt-to-Equity is not ranked ^*
in the Business Services industry.
Industry Median: 0.385
* Ranked among companies with meaningful Debt-to-Equity only.

EVmo Debt-to-Equity Historical Data

The historical data trend for EVmo'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.

EVmo Debt-to-Equity Chart

EVmo Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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-3.13

0.75

2.94

-2.37

8.46

EVmo Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Debt-to-Equity	Get a 7-Day Free Trial															1.26	2.22	3.96	8.46	-38.88

Competitive Comparison of EVmo's Debt-to-Equity

For the Rental & Leasing Services subindustry, EVmo'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.

EVmo's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, EVmo's Debt-to-Equity distribution charts can be found below:

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

EVmo Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

EVmo'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
	=	(5.361	+	15.305)	/	2.443
	=	8.46

EVmo's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(5.534	+	14.953)	/	-0.527
	=	-38.87

EVmo (OTCPK:YAYO) 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.

EVmo Debt-to-Equity Related Terms

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

EVmo (YAYO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » EVmo Inc (OTCPK:YAYO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

3201 N. Sepulveda boulevard, Manhattan Beach, CA, USA, 90266

Website

https://www.evmo.com

EVmo Inc is a technology-related car rental company. The company owns and maintains a fleet of new cars and provides them on a rental basis to rideshare drivers. The business is spread across the United States of America.

Executives

John Patrick O'neill	director	C/O YAYYO, INC., 433 N. CAMDEN DRIVE, SUITE 600, BEVERLY HILLS CA 90210
Stephen M. Sanchez	director	C/O YAYYO, INC., 433 N. CAMDEN DRIVE, SUITE 600, BEVERLY HILLS CA 90210
Terren S Peizer	director, 10 percent owner, officer: Exe. Cha. of the Board of Dir.	11111 SANTA MONICABLVD STE.500, LOS ANGELES CA 90025
Ryan Christopher Saathoff	officer: Chief Financial Officer	3556 RYAN DR., ESCONDIDO CA 92025
Bitnile Holdings, Inc.	10 percent owner	11411 SOUTHERN HIGHLANDS PARKWAY, SUITE 240, LAS VEGAS NV 89141
Gray Mars Venus Trust, Arizona 2015	10 percent owner	433 N. CAMDEN DRIVE, SUITE 600, BEVERLY HILLS CA 90210
Batrawi Ramy El	director, officer: Chief Executive Officer	C/O YAYYO, INC., 433 N. CAMDEN DRIVE, SUITE 600, BEVERLY HILLS CA 90210
Acuitas Group Holdings, Llc	10 percent owner	2120 COLORADO AVENUE, #230, SANTA MONICA CA 90404
John Gray	10 percent owner	75 AVON AVENUE, MILL VALLEY CA 94941
Harbant Sidhu	director	433 N. CAMDEN DRIVE, SUITE 600, BEVERLY HILLS CA 90210
Ryan Saathoff	officer: Chief Financial Officer	433 N. CAMDEN DRIVE, SUITE 600, BEVERLY HILLS CA 90210
Douglas M. Mox	director	C/O YAYYO, INC., 433 N. CAMDEN DRIVE, SUITE 600, BEVERLY HILLS CA 90210
Boyd Bishop	officer: President	C/O YAYYO, INC., 433 N. CAMDEN DRIVE, SUITE 600, BEVERLY HILLS CA 90210
David Haley	10 percent owner	433 N. CAMDEN DRIVE, SUITE 600, BEVERLY HILLS CA 90210
Laurie Digiovanni	officer: Chief Operating Officer	433 N. CAMDEN DRIVE, SUITE 600, BEVERLY HILLS CA 90210