PSYC (PSYC) Debt-to-Equity : -0.70 (As of Sep. 2023)

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What is PSYC Debt-to-Equity?

PSYC's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $7.06 Mil. PSYC's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.15 Mil. PSYC's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $-10.31 Mil. PSYC's debt to equity for the quarter that ended in Sep. 2023 was -0.70.

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

PSYC' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.43 Med: -0.71 Max: 1.08
Current: -0.7

During the past 5 years, the highest Debt-to-Equity Ratio of PSYC was 1.08. The lowest was -1.43. And the median was -0.71.

PSYC's Debt-to-Equity is not ranked
in the Media - Diversified industry.
Industry Median: 0.28 vs PSYC: -0.70

PSYC Debt-to-Equity Historical Data

The historical data trend for PSYC'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.

PSYC Debt-to-Equity Chart

PSYC Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec16

Debt-to-Equity

-0.94

-0.66

-0.72

0.28

0.81

PSYC Quarterly Data
	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Dec14	Mar15	Jun15	Sep15	Mar16	Jun16	Sep16	Dec16	Jun17	Sep22	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.62	0.81	1.08	N/A	-0.70

Competitive Comparison of PSYC's Debt-to-Equity

For the Advertising Agencies subindustry, PSYC'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.

PSYC's Debt-to-Equity Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, PSYC's Debt-to-Equity distribution charts can be found below:

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

PSYC Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

PSYC's Debt to Equity Ratio for the fiscal year that ended in Dec. 2016 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
	=	(2.796	+	0)	/	3.462
	=	0.81

PSYC'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
	=	(7.056	+	0.15)	/	-10.309
	=	-0.70

PSYC (OTCPK:PSYC) 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.

PSYC Debt-to-Equity Related Terms

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PSYC (PSYC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » PSYC Corp (OTCPK:PSYC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

2881 South Valley View Boulevard, Suite 9, Las Vegas, NV, USA, 89102

Website

https://www.psyccorporation.com

PSYC Corp is a media-focused company serving the expanding industry and community of medicinal psychedelics. Through its media platform, Psychedelic Spotlight, the company has positioned itself right at the very core of the psychedelics renaissance. Technical420 is also one such platform that provides information and analysis on public and private companies. These platforms provide the Company with an opportunity to dominate the intersection of cannabis and psychedelics as a media leader. Along with its subsidiary, the group offers public relations and media-focused services to companies within the medicinal psychedelics industry and other niche industries that includes cannabis, health, and wellness, and sports, among others.