Freight Technologies (Freight Technologies) Debt-to-Equity : 1.17 (As of Dec. 2023)

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What is Freight Technologies Debt-to-Equity?

Freight Technologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $2.82 Mil. Freight Technologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.24 Mil. Freight Technologies's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $2.63 Mil. Freight Technologies's debt to equity for the quarter that ended in Dec. 2023 was 1.17.

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

FRGT' s Debt-to-Equity Range Over the Past 10 Years
Min: -4.54 Med: -1.15 Max: 1.17
Current: 1.17

During the past 6 years, the highest Debt-to-Equity Ratio of Freight Technologies was 1.17. The lowest was -4.54. And the median was -1.15.

FRGT's Debt-to-Equity is ranked worse than
87.85% of 2222 companies
in the Software industry
Industry Median: 0.21 vs FRGT: 1.17

Freight Technologies Debt-to-Equity Historical Data

The historical data trend for Freight Technologies'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.

Freight Technologies Debt-to-Equity Chart

Freight Technologies Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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-1.18

-4.54

-1.12

1.07

1.17

Freight Technologies Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial					-1.12	1.80	1.07	0.97	1.17

Competitive Comparison of Freight Technologies's Debt-to-Equity

For the Software - Application subindustry, Freight Technologies'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.

Freight Technologies's Debt-to-Equity Distribution in the Software Industry

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

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

Freight Technologies Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Freight Technologies's Debt to Equity Ratio for the fiscal year 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
	=	(2.82	+	0.242)	/	2.627
	=	1.17

Freight Technologies'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
	=	(2.82	+	0.242)	/	2.627
	=	1.17

Freight Technologies (NAS:FRGT) 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.

Freight Technologies Debt-to-Equity Related Terms

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Freight Technologies (Freight Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Freight Technologies Inc (NAS:FRGT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

2001 Timberloch Place, Suite 500, The Woodlands, TX, USA, 77380

Website

https://www.fr8technologies.com

Freight Technologies Inc is a technology company developing solutions to optimize and automate the supply chain process. Along with its subsidiary, Freight App, Inc, the group is focused on making shipping transparent and efficient. Fr8App provides carriers with increased growth opportunities and shippers with flexibility, visibility, and simplicity for the once-complex process of international over-the-road (OTR) shipping. It uses its proprietary technology platform to connect carriers and shippers and significantly improve matching and operation efficiency via innovative technologies such as live pricing and real-time tracking, digital freight marketplace, broker, transportation management, fleet management, and committed capacity solutions.