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MicroAlgo (MicroAlgo) Debt-to-Equity : 0.04 (As of Dec. 2023)


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What is MicroAlgo Debt-to-Equity?

MicroAlgo's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1.95 Mil. MicroAlgo's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. MicroAlgo's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $45.38 Mil. MicroAlgo's debt to equity for the quarter that ended in Dec. 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 MicroAlgo's Debt-to-Equity or its related term are showing as below:

MLGO' s Debt-to-Equity Range Over the Past 10 Years
Min: 0   Med: 0.02   Max: 0.05
Current: 0.04

During the past 4 years, the highest Debt-to-Equity Ratio of MicroAlgo was 0.05. The lowest was 0.00. And the median was 0.02.

MLGO's Debt-to-Equity is ranked better than
82.06% of 2224 companies
in the Software industry
Industry Median: 0.21 vs MLGO: 0.04

MicroAlgo Debt-to-Equity Historical Data

The historical data trend for MicroAlgo'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.

MicroAlgo Debt-to-Equity Chart

MicroAlgo Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
0.05 0.01 - 0.04

MicroAlgo Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Debt-to-Equity Get a 7-Day Free Trial 0.01 0.01 - 0.02 0.04

Competitive Comparison of MicroAlgo's Debt-to-Equity

For the Software - Infrastructure subindustry, MicroAlgo'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.

MicroAlgo's Debt-to-Equity Distribution in the Software Industry

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

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


MicroAlgo Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

MicroAlgo'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
=(1.946 + 0) / 45.379
=0.04

MicroAlgo'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
=(1.946 + 0) / 45.379
=0.04

* 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.

MicroAlgo  (NAS:MLGO) 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.

MicroAlgo Debt-to-Equity Related Terms

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

MicroAlgo (MicroAlgo) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » MicroAlgo Inc (NAS:MLGO) » Definitions » Debt-to-Equity
Comparable Companies
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Traded in Other Exchanges
N/A
Address
Taoyuan Street, Unit 507, Building C, Long Jing High & New Technology Jingu Pioneer Park, Nanshan District, Shenzhen, CHN, 518052
Website
MicroAlgo Inc is divided into two segments Central processing algorithm services & Intelligent chips and services. The majority is from the Central processing algorithm services. which refer to a range of computing algorithms, analytical algorithms, recommendation algorithms, & acceleration algorithms. The businesses engaged in internet advertisement, game development, intelligent chip design, finance, retail, & logistics depend on the ability to process & analyze data with optimized computing software & hardware capable of handling the data workload. Intelligent chips & services revenues include revenues generated from the resale of intelligent chips. All of the Company's net revenues were generated in the PRC, Hong Kong, & Singapore, out of which the majority is from the PRC.
Executives
Wimi Hologram Cloud Inc. 10 percent owner NO. 6 XIAOZHUANG, BEIJING F4 100005
Li He officer: CFO C2706, HEZHENGYI GARDEN, SUNGANG STREET, LUOHU DISTRICT SHENZHEN F4 518000
Shiwen Liu officer: COO 2007, DESIGN BUILDING, NO. 8 ZHENHUA ROAD, FUTIAN DISTRICT SHENZHEN F4 518028
Haixia Zhao director ROOM F, 3RD FLOOR, YINGXIE BUILDING, 1002 FUQIANG ROAD, FUTIAN DISTRICT, SHENZHEN F4 518033
Chengwei Yi officer: CTO ROOM 502, UNIT B, BUILDING 3, YIRAN TIANDI RESIDENCE, NANSHAN DISTRICT, SHENZHEN F4 518000
Wengang Kang director ROOM 1214, BUILDING 17, XINYUAN INTERNATIONAL CITY GARDEN, HUAQIAO TOWN, KUNSHAN F4 215332
Xinmin Su director, officer: CEO 1802 YUXUAN PAVILION, 4001 TAIBAI ROAD, LUOHU DISTRICT, SHENZHEN F4 518019
Plc Barclays 10 percent owner 1 CHURCHILL PLACE, CANARY WHARF, LONDON X0 E14 5HP
Liu Yanming director, officer: Chairman + CEO SUITE 906 TOWER W1 ORIENTAL SQUARE, BEIJING F4 100006
Cui Shan director SUITE 906 TOWER W1 ORIENTAL SQUARE, BEIJING F4 100006
Yu Chen director SUITE 906 TOWER W1 ORIENTAL SQUARE, BEIJING F4 100006
River Chi director, officer: Chief Financial Officer SUITE 906 TOWER W1 ORIENTAL SQUARE, BEIJING F4 100006
Guojian Chen director 477 MADISON AVENUE, 6TH FLOOR, NEW YORK NY 10022