Jayride Group (ASX:JAY) Debt-to-Equity : -0.21 (As of Dec. 2023)

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What is Jayride Group Debt-to-Equity?

Jayride Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.43 Mil. Jayride Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was A$0.00 Mil. Jayride Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was A$-2.08 Mil. Jayride Group's debt to equity for the quarter that ended in Dec. 2023 was -0.21.

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

ASX:JAY' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.21 Med: 0.88 Max: 2.38
Current: -0.21

During the past 6 years, the highest Debt-to-Equity Ratio of Jayride Group was 2.38. The lowest was -0.21. And the median was 0.88.

ASX:JAY's Debt-to-Equity is not ranked
in the Travel & Leisure industry.
Industry Median: 0.455 vs ASX:JAY: -0.21

Jayride Group Debt-to-Equity Historical Data

The historical data trend for Jayride Group'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.

Jayride Group Debt-to-Equity Chart

Jayride Group Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.90

2.38

0.86

Jayride Group Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial								-	-	-	-	-0.21

Competitive Comparison of Jayride Group's Debt-to-Equity

For the Travel Services subindustry, Jayride Group'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.

Jayride Group's Debt-to-Equity Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Jayride Group's Debt-to-Equity distribution charts can be found below:

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

Jayride Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Jayride Group'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	+	0)	/	2.128
	=	0.00

Jayride Group's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(0.429	+	0)	/	-2.079
	=	-0.21

Jayride Group (ASX:JAY) 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.

Jayride Group Debt-to-Equity Related Terms

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

Jayride Group (ASX:JAY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Jayride Group Ltd (ASX:JAY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

11-17 York Street, Level 2, Sydney, NSW, AUS, 2000

Website

https://www.jayride.com

Jayride Group Ltd operates as a transfer comparison site. It is an E-commerce marketplace where people can compare thousands of transfer companies and book a ride when it comes to travelling to an airport, hotel, residential address, tourist attraction or cruise ship terminal.

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