Fomo Worldwide (Fomo Worldwide) Debt-to-Equity : -1.15 (As of Sep. 2023)

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What is Fomo Worldwide Debt-to-Equity?

Fomo Worldwide's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $2.18 Mil. Fomo Worldwide's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.38 Mil. Fomo Worldwide's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $-2.23 Mil. Fomo Worldwide's debt to equity for the quarter that ended in Sep. 2023 was -1.15.

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

IGOT' s Debt-to-Equity Range Over the Past 10 Years
Min: -4.94 Med: -0.33 Max: 29.34
Current: -1.15

During the past 13 years, the highest Debt-to-Equity Ratio of Fomo Worldwide was 29.34. The lowest was -4.94. And the median was -0.33.

IGOT's Debt-to-Equity is not ranked
in the Asset Management industry.
Industry Median: 0.19 vs IGOT: -1.15

Fomo Worldwide Debt-to-Equity Historical Data

The historical data trend for Fomo Worldwide'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.

Fomo Worldwide Debt-to-Equity Chart

Fomo Worldwide Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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-0.14

-0.36

-1.47

-0.36

-1.08

Fomo Worldwide Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															-1.68	-1.08	-0.51	-0.94	-1.15

Competitive Comparison of Fomo Worldwide's Debt-to-Equity

For the Asset Management subindustry, Fomo Worldwide'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.

Fomo Worldwide's Debt-to-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Fomo Worldwide's Debt-to-Equity distribution charts can be found below:

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

Fomo Worldwide Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Fomo Worldwide's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(2.254	+	0.512)	/	-2.571
	=	-1.08

Fomo Worldwide'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
	=	(2.179	+	0.383)	/	-2.23
	=	-1.15

Fomo Worldwide (OTCPK:IGOT) 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.

Fomo Worldwide Debt-to-Equity Related Terms

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

Fomo Worldwide (Fomo Worldwide) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Fomo Worldwide Inc (OTCPK:IGOT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

831 W North Avenue, Pittsburgh, PA, USA, 15233

Website

https://www.fomoworldwide.com

Fomo Worldwide Inc is focused on business incubation and acceleration. It invests in and advises emerging companies. The company is developing direct investment and affiliations, the majority- and minority-owned, as well as in joint venture formats that afford emerging companies access to the public markets for expansion capital as well as spin-out options to become their own stand-alone public companies.

Executives

Charles Attila Szoradi	10 percent owner, other: Advisory Board Member	555 SOUTH GODDARD BLVD APT. 332, KING OF PRUSSIA PA 19406
Vikram P Grover	director, officer: CEO	1340 BROOK ST. UNIT M, ST CHARLES IL 60174