Rumble (Rumble) Debt-to-Equity : 0.01 (As of Dec. 2023)

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What is Rumble Debt-to-Equity?

Rumble's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.98 Mil. Rumble's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1.63 Mil. Rumble's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $251.62 Mil. Rumble's debt to equity for the quarter that ended in Dec. 2023 was 0.01.

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

RUM' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.25 Med: 0.01 Max: 0.19
Current: 0.01

During the past 5 years, the highest Debt-to-Equity Ratio of Rumble was 0.19. The lowest was -1.25. And the median was 0.01.

RUM's Debt-to-Equity is ranked better than
99.96% of 2225 companies
in the Software industry
Industry Median: 0.21 vs RUM: 0.01

Rumble Debt-to-Equity Historical Data

The historical data trend for Rumble'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.

Rumble Debt-to-Equity Chart

Rumble Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.19

-1.25

0.05

0.01

Rumble Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial									-	-	-	0.01	0.01

Competitive Comparison of Rumble's Debt-to-Equity

For the Software - Application subindustry, Rumble'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.

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

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

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

Rumble Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Rumble'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
	=	(0.976	+	1.631)	/	251.623
	=	0.01

Rumble'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
	=	(0.976	+	1.631)	/	251.623
	=	0.01

Rumble (NAS:RUM) 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.

Rumble Debt-to-Equity Related Terms

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

Rumble (Rumble) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Rumble Inc (NAS:RUM) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

444 Gulf of Mexico Dr, Longboat Key, FL, USA, 34228

Website

https://www.rumble.com

Rumble Inc is a free-to-use video-sharing platform where users can watch, share, like, comment, and upload their own videos. Users can subscribe to channels to stay in touch with recent creator content and access video-on-demand uploaded, and live content streamed, by creators. Geographically, it generates a majority of its revenue from the US.

Executives

Ryan Milnes	director, 10 percent owner	444 GULF OF MEXICO DR., LONGBOAT KEY FL 34228
David O Sacks	director	855 FRONT STREET, SAN FRANCISCO CA 94111
Paul T Cappuccio	director	TIME WARNER INC., ONE TIME WARNER CENTER, NEW YORK NY 10019
Michael Jay Ellis	officer: Gen.Counsel & Corp. Sectry	444 GULF OF MEXICO DR., LONGBOAT KEY FL 34228
Tyler Hughes	officer: Chief Operating Officer	444 GULF OF MEXICO DR., LONGBOAT KEY FL 34228
Wojciech Hlibowicki	officer: Chief Technology Officer	444 GULF OF MEXICO DR., LONGBOAT KEY FL 34228
Robert Arsov	director	444 GULF OF MEXICO DR., LONGBOAT KEY FL 34228
Brandon Alexandroff	officer: Chief Financial Officer	444 GULF OF MEXICO DR., LONGBOAT KEY FL 34228
Cfac Holdings Vi, Llc	10 percent owner	110 EAST 59TH STREET, NEW YORK NY 10022
Nancy Armstrong	director	444 GULF OF MEXICO DR., LONGBOAT KEY FL 34228
Ethan Fallang	director	444 GULF OF MEXICO DR., LONGBOAT KEY FL 34228
Claudio Ramolo	officer: Chief Content Officer	444 GULF OF MEXICO DR., LONGBOAT KEY FL 34228
Christopher Pavlovski	director, 10 percent owner, officer: Chief Executive Officer	444 GULF OF MEXICO DR., LONGBOAT KEY FL 34228
Natasha Cornstein	director	CF ACQUISITION CORP. V, 110 EAST 59TH STREET, NEW YORK NY 10022
Steven Bisgay	director	545 WASHINGTON BLVD, JERSEY CITY NJ 07310