Skkynet Cloud Systems (Skkynet Cloud Systems) Debt-to-Equity : 0.00 (As of Jan. 2024)

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What is Skkynet Cloud Systems Debt-to-Equity?

Skkynet Cloud Systems's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $0.00 Mil. Skkynet Cloud Systems's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $0.00 Mil. Skkynet Cloud Systems's Total Stockholders Equity for the quarter that ended in Jan. 2024 was $0.76 Mil. Skkynet Cloud Systems's debt to equity for the quarter that ended in Jan. 2024 was 0.00.

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 Skkynet Cloud Systems's Debt-to-Equity or its related term are showing as below:

SKKY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.13 Max: 2.14
Current: 0.02

During the past 13 years, the highest Debt-to-Equity Ratio of Skkynet Cloud Systems was 2.14. The lowest was 0.03. And the median was 0.13.

SKKY's Debt-to-Equity is ranked better than
92.29% of 2219 companies
in the Software industry
Industry Median: 0.21 vs SKKY: 0.02

Skkynet Cloud Systems Debt-to-Equity Historical Data

The historical data trend for Skkynet Cloud Systems'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.

Skkynet Cloud Systems Debt-to-Equity Chart

Skkynet Cloud Systems Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Debt-to-Equity

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0.15

0.14

0.03

Skkynet Cloud Systems Quarterly Data
	Apr19	Jul19	Oct19	Jan20	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															0.03	0.03	-	-	-

Competitive Comparison of Skkynet Cloud Systems's Debt-to-Equity

For the Software - Infrastructure subindustry, Skkynet Cloud Systems'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.

Skkynet Cloud Systems's Debt-to-Equity Distribution in the Software Industry

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

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

Skkynet Cloud Systems Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Skkynet Cloud Systems's Debt to Equity Ratio for the fiscal year that ended in Oct. 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	+	0)	/	0.716
	=	0.00

Skkynet Cloud Systems'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	+	0)	/	0.759
	=	0.00

Skkynet Cloud Systems (OTCPK:SKKY) 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.

Skkynet Cloud Systems Debt-to-Equity Related Terms

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

Skkynet Cloud Systems (Skkynet Cloud Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Skkynet Cloud Systems Inc (OTCPK:SKKY) » Definitions » Debt-to-Equity

Comparable Companies

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Traded in Other Exchanges

N/A

Address

2233 Argentina Road, Suite 302, Mississauga, ON, CAN, L5N 2X7

Website

https://www.skkynet.com

Skkynet Cloud Systems Inc is an industrial middleware vendor company. It provides connectivity and data acquisition to a wide variety of industrial and office hardware and software products. The company's Skkynet Connected Systems platform includes the SkkyHub service, DataHub, Skkynet Vine, and Embedded Toolkit software. The platform enables real-time data connectivity for industrial, embedded, and financial systems. The company provides three types of cloud services: remotely hosted cloud systems and locally hosted cloud systems or a hybrid of the two. The business serves North America, Europe, Asia Pacific, and South America globally.

Executives

Andrew S Thomas	director, 10 percent owner, officer: Chief Executive Officer	2233 ARGENTIA ROAD, SUITE 302, MISSISSAUGA A6 L5N 2X7
Paul Benford	director, 10 percent owner, officer: Chief Operating Officer	2233 ARGENTIA ROAD, SUITE 302, MISSISSAUGA A6 L5N 2X7
Lowell Thomas Holden	officer: Chief Financial Officer	631 US HWY 1, SUITE 407, NORTH PALM BEACH FL 33408
Paul E Thomas	director, 10 percent owner, officer: President	2233 ARGENTIA ROAD, SUITE 302, MISSISSAUGA A6 L5N 2X7
Xavier Eric Mesrobian	officer: VP Sales and Marketing	2233 ARGENTIA ROAD, SUITE 302, MISSISSAUGA A6 L5N 2X7
John X Adiletta	director	51 BOULDERWOOD DRIVE, BERNARDSVILLE NJ 07924
Kenneth W. Jennings	director	2233 ARGENTIA ROAD, SUITE 302, MISSISSAUGA A6 L5N 2X7
Norman Evans	director	5650 TOMKEN RD., UNIT 16, MISSISSAUGA A6 L4W 4P1
Michael R Thomas	other: Advisor	2233 ARGENTIA ROAD, SUITE 306, MISSISSAUGA A6 L5N 2X7