DriveItAway Holdings (DriveItAway Holdings) Debt-to-Equity : -0.56 (As of Dec. 2023)

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What is DriveItAway Holdings Debt-to-Equity?

DriveItAway Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1.39 Mil. DriveItAway Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.12 Mil. DriveItAway Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-2.67 Mil. DriveItAway Holdings's debt to equity for the quarter that ended in Dec. 2023 was -0.56.

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

DWAY' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.95 Med: -0.72 Max: 1.87
Current: -0.56

During the past 3 years, the highest Debt-to-Equity Ratio of DriveItAway Holdings was 1.87. The lowest was -0.95. And the median was -0.72.

DWAY's Debt-to-Equity is not ranked
in the Business Services industry.
Industry Median: 0.37 vs DWAY: -0.56

DriveItAway Holdings Debt-to-Equity Historical Data

The historical data trend for DriveItAway Holdings'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.

DriveItAway Holdings Debt-to-Equity Chart

DriveItAway Holdings Annual Data

Trend

Sep21

Sep22

Sep23

Debt-to-Equity

-0.72

-0.95

-0.76

DriveItAway Holdings Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial							-0.68	-0.84	-0.79	-0.76	-0.56

Competitive Comparison of DriveItAway Holdings's Debt-to-Equity

For the Rental & Leasing Services subindustry, DriveItAway Holdings'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.

DriveItAway Holdings's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, DriveItAway Holdings's Debt-to-Equity distribution charts can be found below:

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

DriveItAway Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

DriveItAway Holdings's Debt to Equity Ratio for the fiscal year that ended in Sep. 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
	=	(1.173	+	0.307)	/	-1.954
	=	-0.76

DriveItAway Holdings'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
	=	(1.388	+	0.119)	/	-2.67
	=	-0.56

DriveItAway Holdings (OTCPK:DWAY) 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.

DriveItAway Holdings Debt-to-Equity Related Terms

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DriveItAway Holdings (DriveItAway Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » DriveItAway Holdings Inc (OTCPK:DWAY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

3201 Market Street, Suite 200/201, Philadelphia, PA, USA, 10104

Website

https://www.driveitaway.com

DriveItAway Holdings Inc provides dealer focused mobility platform that enables car dealers to sell more vehicles in a seamless way through eCommerce, with its Pay as You Go app-based subscription program. DIA provides a comprehensive turn-key, solutions-driven program with proprietary mobile technology and driver app, insurance coverages, and training to get dealerships up and running quickly and profitably in emerging online sales opportunities.

Executives

Paul Patrizio	director, 10 percent owner	90 WASHINGTON VALLEY ROAD, BEDMINSTER NJ 07921
John Francis Possumato	director, 10 percent owner, officer: Chief Executive Officer	116 THIRD AVENUE, HADDON HEIGHTS NJ 08035
Adam Joseph Potash	director, 10 percent owner, officer: Chief Operating Officer	259-10, HILLSIDE AVENUE, APT. 6H, FLORAL PARK NY 11004
Aep Holdings Llc	10 percent owner	1 WHITE BUCK RUN, WARREN NJ 07059
Minds' Eye Innovations, Inc.	10 percent owner	259-10 HILLSIDE AVENUE, APT. 6H, FLORAL PARK NY 11004
Driveltaway Llc	10 percent owner	116 THIRD AVENUE, HADDON HEIGHTS NJ 08035
Zell Richard Gery Ii	director	8 GEARYS RIDGE RD, RINGOES NJ 08551
Christopher Rego	director	212 BELLEROSE DR., SAN JOSE CA 95128
Franventures, Llc	10 percent owner	796 CYPRESS CROSSING TRAIL, ST. AUGUSTINE FL 32095
Blake Furlow	director, 10 percent owner	2110 N WESTGATE, BOISE ID 83704
Bart Jay Mitchell	director	7853 N HILLIARD CT, COEUR D' ALENE ID 83815
Gary L Herman	director	720 FIFTH AVE, 10TH FLOOR, NEW YORK NY 10019
Karla Kretsch	officer: Chief Operating Officer	701 MARKET STREET, SUITE 113, ST. AUGUSTINE FL 32095
Christian Miller	officer: Chief Financial Officer	701 MARKET STREET, SUITE 113, ST. AUGUSTINE FL 32095
Joyann Kenny-charlton	director	194 TWINING BRIDGE ROAD, NEWTOWN PA 18940

DriveItAway Holdings (DriveItAway Holdings) Headlines

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