Alta Global Group (Alta Global Group) Debt-to-Equity : -0.55 (As of Jun. 2023)

View and export this data going back to 2024. Start your Free Trial

What is Alta Global Group Debt-to-Equity?

Alta Global Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $11.20 Mil. Alta Global Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.27 Mil. Alta Global Group's Total Stockholders Equity for the quarter that ended in Jun. 2023 was $-20.90 Mil. Alta Global Group's debt to equity for the quarter that ended in Jun. 2023 was -0.55.

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 Alta Global Group's Debt-to-Equity or its related term are showing as below:

MMA' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.97 Med: -0.76 Max: -0.55
Current: -0.55

During the past 2 years, the highest Debt-to-Equity Ratio of Alta Global Group was -0.55. The lowest was -0.97. And the median was -0.76.

MMA's Debt-to-Equity is not ranked
in the Travel & Leisure industry.
Industry Median: 0.46 vs MMA: -0.55

Alta Global Group Debt-to-Equity Historical Data

The historical data trend for Alta Global Group'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.

Alta Global Group Debt-to-Equity Chart

Alta Global Group Annual Data

Trend

Jun22

Jun23

Debt-to-Equity

-0.97

-0.55

Alta Global Group Semi-Annual Data
	Jun22	Jun23
Debt-to-Equity	-0.97	-0.55

Competitive Comparison of Alta Global Group's Debt-to-Equity

For the Leisure subindustry, Alta Global Group'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.

Alta Global Group's Debt-to-Equity Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Alta Global Group's Debt-to-Equity distribution charts can be found below:

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

Alta Global Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Alta Global Group's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(11.201	+	0.266)	/	-20.895
	=	-0.55

Alta Global Group's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(11.201	+	0.266)	/	-20.895
	=	-0.55

Alta Global Group (AMEX:MMA) 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.

Alta Global Group Debt-to-Equity Related Terms

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

Alta Global Group (Alta Global Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Alta Global Group Ltd (AMEX:MMA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Level 1, 29-33, Suite 1, The Corso, Manly, Sydney, NSW, AUS, 2095

Website

https://www.trainalta.com

Alta Global Group Ltd is a technology company that is enabling the global martial arts and combat sports industry to maximize the monetization opportunities available to the sector by increasing consumer participation in the sport and building upon existing community offerings within the sector. The Alta Platform serves as a comprehensive solution for martial arts and combat sports, offering a blend of four core products: the Warrior Training Program, UFC Fight Fit Program, Alta Academy, and the Alta Community.

Alta Global Group (Alta Global Group) Headlines

From GuruFocus

Alta Global Group Limited Announces Pricing of Initial Public Offering

By ACCESSWIRE • 03-28-2024