The Marygold (The Marygold) Debt-to-Equity : 0.05 (As of Mar. 2024)

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What is The Marygold Debt-to-Equity?

The Marygold's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.98 Mil. The Marygold's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.55 Mil. The Marygold's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $28.38 Mil. The Marygold's debt to equity for the quarter that ended in Mar. 2024 was 0.05.

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

MGLD' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.52 Med: 0.05 Max: 0.89
Current: 0.05

During the past 13 years, the highest Debt-to-Equity Ratio of The Marygold was 0.89. The lowest was -0.52. And the median was 0.05.

MGLD's Debt-to-Equity is ranked better than
83.63% of 1014 companies
in the Asset Management industry
Industry Median: 0.19 vs MGLD: 0.05

The Marygold Debt-to-Equity Historical Data

The historical data trend for The Marygold'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.

The Marygold Debt-to-Equity Chart

The Marygold Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.04

0.09

0.08

0.07

0.04

The Marygold Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.05	0.04	0.04	0.06	0.05

Competitive Comparison of The Marygold's Debt-to-Equity

For the Asset Management subindustry, The Marygold'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.

The Marygold's Debt-to-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, The Marygold's Debt-to-Equity distribution charts can be found below:

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

The Marygold Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

The Marygold's Debt to Equity Ratio for the fiscal year 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
	=	(0.816	+	0.469)	/	30.378
	=	0.04

The Marygold's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(0.975	+	0.545)	/	28.381
	=	0.05

The Marygold (AMEX:MGLD) 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.

The Marygold Debt-to-Equity Related Terms

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

The Marygold (The Marygold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » The Marygold Companies Inc (AMEX:MGLD) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

TF8:Germany

Address

120 Calle Iglesia, Unit B, San Clemente, CA, USA, 92672

Website

https://www.marygoldandco.net

The Marygold Companies Inc is engaged in identifying and acquiring established, profitable, undervalued companies in diverse sectors, and managing the portfolio to facilitate growth and add value for all stakeholders.

Executives

Scott Allen West	officer: Chief Accounting Officer	12625 HIGH BLUFF DRIVE, SUITE 305, SAN DIEGO CA 92130
James S Alexander	director	C/O THE MARYGOLD COMPANIES, INC., 120 CALLE IGLESIA, UNIT B, SAN CLEMENTE CA 92672
David Wayne Neibert	director, officer: Chief Executive Officer	13652 ACORN CIRCLE, VALLEY CENTER CA 92082
Carolyn M. Yu	officer: Chief Legal Officer	120 CALLE IGLESIA, UNIT B, SAN CLEMENTE CA 92672
Kathryn D. Rooney	director	2520 EYRE HALL PASS, NEW ALBANY OH 43054
Nicholas Daniel Gerber	director, 10 percent owner, officer: Chief Executive Officer	127 DEVIN ROAD, MORAGA CA 94556
Kelly Anderson	director	C/O TOMI ENVIRONMENTAL SOLUTIONS, INC., 9454 WILSHIRE BLVD., R-1, BEVERLY HILLS CA 90212
Stuart P. Crumbaugh	officer: Treasurer/CFO	C/O USCF ETF TRUST, 1999 HARRISON STREET, SUITE 1530, OAKLAND CA 94612
Erin Grogan	director	2721 WAWONA STREET, SAN FRANCISCO CA 94116
Joya Harris	director	150 MAISON PLACE N.W., ATLANTA GA 30303
Derek Jason Mullins	director	C/O PINE ADVISOR SOLUTIONS, 501 S. CHERRY ST., SUITE 1090, DENVER CO 80246
Tabatha Coffey	director	1019 GLEN ROAD, FORT LEE NJ 07024
Sheila Gerber	10 percent owner	5 HATAMAR ST., BINYAMINA L3 30500
Eliot Gerber	10 percent owner	5 HATAMAR ST., BINYAMINA L3 30500
Gerber Family Irrevocable Trust	10 percent owner	COMMONWEALTH TRUST COMPANY, TRUSTEE, 29 BANCROFT MILLS RD., WILMINGTON DE 19806