Metasphere Labs (NEOE:LABZ) Debt-to-Equity : -0.23 (As of Jan. 2024)

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What is Metasphere Labs Debt-to-Equity?

Metasphere Labs's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$0.30 Mil. Metasphere Labs's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$0.00 Mil. Metasphere Labs's Total Stockholders Equity for the quarter that ended in Jan. 2024 was C$-1.34 Mil. Metasphere Labs's debt to equity for the quarter that ended in Jan. 2024 was -0.23.

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

NEOE:LABZ' s Debt-to-Equity Range Over the Past 10 Years
Min: -6.43 Med: -0.39 Max: 0.2
Current: -0.23

During the past 4 years, the highest Debt-to-Equity Ratio of Metasphere Labs was 0.20. The lowest was -6.43. And the median was -0.39.

NEOE:LABZ's Debt-to-Equity is not ranked
in the Software industry.
Industry Median: 0.21 vs NEOE:LABZ: -0.23

Metasphere Labs Debt-to-Equity Historical Data

The historical data trend for Metasphere Labs'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.

Metasphere Labs Debt-to-Equity Chart

Metasphere Labs Annual Data

Trend

Jul20

Jul21

Jul22

Jul23

Debt-to-Equity

-1.11

-0.71

0.13

-0.39

Metasphere Labs Quarterly Data
	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Debt-to-Equity	Get a 7-Day Free Trial											-6.43	-0.54	-0.39	-0.39	-0.23

Competitive Comparison of Metasphere Labs's Debt-to-Equity

For the Software - Infrastructure subindustry, Metasphere Labs'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.

Metasphere Labs's Debt-to-Equity Distribution in the Software Industry

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

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

Metasphere Labs Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Metasphere Labs's Debt to Equity Ratio for the fiscal year that ended in Jul. 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
	=	(1.55	+	0.068)	/	-4.104
	=	-0.39

Metasphere Labs's Debt to Equity Ratio for the quarter that ended in Jan. 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
	=	(0.304	+	0)	/	-1.337
	=	-0.23

Metasphere Labs (NEOE:LABZ) 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.

Metasphere Labs Debt-to-Equity Related Terms

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Metasphere Labs (NEOE:LABZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Metasphere Labs Inc (NEOE:LABZ) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

H1N0:Germany

Address

1890-1075 West Georgia Street, Vancouver, BC, CAN, V6E 3C9

Website

https://www.lgl.io

Looking Glass Labs Ltd is a digital agency for the Metaverse. It partners with and supports NFT collections to earn revenues from drops and royalties from secondary market re-sales. It provides services which include NFT Marketing, Partnerships & Collaborations, Development & Minting Services, Community Growth & Moderation, Brand Design & Management, Smart Contracts, Legal Services, and Metaverse Integration. The company operates within two geographic areas, Canada and Vietnam and has one operating segment which is the design, development, and sale of exclusive Non-Fungible Tokens (NFTs). It earns majority of its revenue from its operations in Canada.

Executives

Arthur Francis Rowe

Senior Officer

Metasphere Labs (NEOE:LABZ) Headlines

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