ZenaTech (NAS:ZENA) Debt-to-Equity : 0.52 (As of Sep. 2022)

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What is ZenaTech Debt-to-Equity?

ZenaTech's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2022 was C$0.00 Mil. ZenaTech's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2022 was C$3.91 Mil. ZenaTech's Total Stockholders Equity for the quarter that ended in Sep. 2022 was C$7.55 Mil. ZenaTech's debt to equity for the quarter that ended in Sep. 2022 was 0.52.

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

NAS:ZENA's Debt-to-Equity is not ranked ^*
in the Software industry.
Industry Median: 0.2
* Ranked among companies with meaningful Debt-to-Equity only.

ZenaTech Debt-to-Equity Historical Data

The historical data trend for ZenaTech'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.

ZenaTech Debt-to-Equity Chart

ZenaTech Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Debt-to-Equity

-2.96

0.09

0.20

1.29

ZenaTech Quarterly Data
	Sep18	Dec18	Sep19	Dec19	Sep20	Dec20	Sep21	Dec21	Sep22
Debt-to-Equity	Get a 7-Day Free Trial				0.46	0.20	N/A	1.29	0.52

Competitive Comparison of ZenaTech's Debt-to-Equity

For the Software - Infrastructure subindustry, ZenaTech'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.

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

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

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

ZenaTech Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

ZenaTech's Debt to Equity Ratio for the fiscal year that ended in Dec. 2021 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	+	4.714)	/	3.642
	=	1.29

ZenaTech's Debt to Equity Ratio for the quarter that ended in Sep. 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	+	3.906)	/	7.549
	=	0.52

ZenaTech (NAS:ZENA) 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.

ZenaTech Debt-to-Equity Related Terms

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

ZenaTech (NAS:ZENA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ZenaTech Inc (NAS:ZENA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

69 Yonge Street, Suite 1404, Toronto, ON, CAN, M53 1K3

Website

http://www.zenatech.com

ZenaTech Inc is a enterprise software technology company that specializes in mission-critical cloud-based applications integrated with smart hardware to deliver innovative solutions across diverse industries. The Company operates in software development technology, sales, and distribution. The Company is also developing a drone manufacturing, sales, and distribution business. The company operates in two segments which is software development technology, sales, and distribution, as well as drone manufacturing, sales, and distribution.

ZenaTech (NAS:ZENA) Headlines

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