LICT (LICT) Debt-to-Equity : 0.22 (As of Dec. 2018)

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What is LICT Debt-to-Equity?

LICT's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2018 was $2.3 Mil. LICT's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2018 was $28.7 Mil. LICT's Total Stockholders Equity for the quarter that ended in Dec. 2018 was $140.4 Mil. LICT's debt to equity for the quarter that ended in Dec. 2018 was 0.22.

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

LICT's Debt-to-Equity is not ranked ^*
in the Telecommunication Services industry.
Industry Median: 0.65
* Ranked among companies with meaningful Debt-to-Equity only.

LICT Debt-to-Equity Historical Data

The historical data trend for LICT'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.

LICT Debt-to-Equity Chart

LICT Annual Data

Trend

Dec06

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Debt-to-Equity

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0.74

0.43

0.39

0.25

0.22

LICT Quarterly Data
	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18
Debt-to-Equity	Get a 7-Day Free Trial															0.25	0.23	0.15	0.13	0.22

Competitive Comparison of LICT's Debt-to-Equity

For the Telecom Services subindustry, LICT'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.

LICT's Debt-to-Equity Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, LICT's Debt-to-Equity distribution charts can be found below:

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

LICT Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

LICT's Debt to Equity Ratio for the fiscal year that ended in Dec. 2018 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
	=	(2.275	+	28.701)	/	140.369
	=	0.22

LICT's Debt to Equity Ratio for the quarter that ended in Dec. 2018 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
	=	(2.275	+	28.701)	/	140.369
	=	0.22

LICT (OTCPK:LICT) 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.

LICT Debt-to-Equity Related Terms

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

LICT (LICT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » LICT Corp (OTCPK:LICT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

401 Theodore Fremd Avenue, Rye, NY, USA, 10580-1430

Website

https://www.lictcorp.com

LICT Corp is a United States-based integrated provider of broadband, voice and video services. It provides high speed broadband services, including internet access, through fiber optic facilities, copper-based digital subscriber lines, fixed wireless, and coax cable via cable modems. The Company also provides a number of other services, including video services through both traditional cable television services and internet protocol television services, Voice over Internet Protocol, wireless voice communications, and several related telecommunications services. On the voice side, the Company has traditionally operated as both a Rural Local Exchange Carrier and a Competitive Local Exchange Carrier.

Executives

Mario J Gabelli	director, 10 percent owner, officer: Chief Executive Officer	191 MASON STREET, GREENWICH CT 06830
Marc Gabelli	director, other: Resigned as director 5-6-04	401 THEODORE FREMD AVE, RYE NY 10580
Frederic V Salerno	director, other: Resigned as director on2-20-04	TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
Vincent S Tese	director, other: Resigned as director on2-20-04
Mjg Iv Limited Partnership	10 percent owner

LICT (LICT) Headlines

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