Eyecity.com (Eyecity.com) Debt-to-Equity : -0.05 (As of Sep. 2023)

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What is Eyecity.com Debt-to-Equity?

Eyecity.com's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.05 Mil. Eyecity.com's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil. Eyecity.com's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $-1.09 Mil. Eyecity.com's debt to equity for the quarter that ended in Sep. 2023 was -0.04.

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 Eyecity.com's Debt-to-Equity or its related term are showing as below:

ICTY' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.05 Med: -0.05 Max: -0.05
Current: -0.05

During the past 3 years, the highest Debt-to-Equity Ratio of Eyecity.com was -0.05. The lowest was -0.05. And the median was -0.05.

ICTY's Debt-to-Equity is not ranked
in the Diversified Financial Services industry.
Industry Median: 0.13 vs ICTY: -0.05

Eyecity.com Debt-to-Equity Historical Data

The historical data trend for Eyecity.com'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.

Eyecity.com Debt-to-Equity Chart

Eyecity.com Annual Data

Trend

Dec99

Dec00

Dec01

Debt-to-Equity

0.76

-4.01

-0.21

Eyecity.com Quarterly Data
	Mar00	Jun00	Sep00	Dec00	Mar01	Jun01	Sep01	Dec01	Sep22	Sep23
Debt-to-Equity	Get a 7-Day Free Trial					-0.58	-0.59	-0.21	N/A	-0.05

Competitive Comparison of Eyecity.com's Debt-to-Equity

For the Shell Companies subindustry, Eyecity.com'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.

Eyecity.com's Debt-to-Equity Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Eyecity.com's Debt-to-Equity distribution charts can be found below:

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

Eyecity.com Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Eyecity.com's Debt to Equity Ratio for the fiscal year that ended in Dec. 2001 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
	=	(0.292	+	0)	/	-1.368
	=	-0.21

Eyecity.com's Debt to Equity Ratio for the quarter 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
	=	(0.049	+	0)	/	-1.09
	=	-0.04

Eyecity.com (OTCPK:ICTY) 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.

Eyecity.com Debt-to-Equity Related Terms

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Eyecity.com (Eyecity.com) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Eyecity.com Inc (OTCPK:ICTY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

5230 Land of Lake Boulevard, Suite 431, Land of Lakes, FL, USA, 34639

Website

Eyecity.com Inc is a shell company.

Eyecity.com (Eyecity.com) Headlines

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