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Sacks Parente Golf (Sacks Parente Golf) Debt-to-Equity : 0.01 (As of Mar. 2024)


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What is Sacks Parente Golf Debt-to-Equity?

Sacks Parente Golf's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.03 Mil. Sacks Parente Golf's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.03 Mil. Sacks Parente Golf's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $4.70 Mil. Sacks Parente Golf's debt to equity for the quarter that ended in Mar. 2024 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 Sacks Parente Golf's Debt-to-Equity or its related term are showing as below:

SPGC' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.01   Med: -0.47   Max: 0.01
Current: 0.01

During the past 4 years, the highest Debt-to-Equity Ratio of Sacks Parente Golf was 0.01. The lowest was -1.01. And the median was -0.47.

SPGC's Debt-to-Equity is ranked better than
99.86% of 692 companies
in the Travel & Leisure industry
Industry Median: 0.46 vs SPGC: 0.01

Sacks Parente Golf Debt-to-Equity Historical Data

The historical data trend for Sacks Parente Golf'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.

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Sacks Parente Golf Debt-to-Equity Chart

Sacks Parente Golf Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
-0.82 -0.84 -0.50 0.01

Sacks Parente Golf Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.40 -0.34 0.01 0.01 0.01

Competitive Comparison of Sacks Parente Golf's Debt-to-Equity

For the Leisure subindustry, Sacks Parente Golf'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.

Sacks Parente Golf's Debt-to-Equity Distribution in the Travel & Leisure Industry

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

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


Sacks Parente Golf Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sacks Parente Golf'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
=(0.031 + 0.034) / 5.79
=0.01

Sacks Parente Golf's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
=(0.031 + 0.027) / 4.696
=0.01

* 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.

Sacks Parente Golf  (NAS:SPGC) 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.

Sacks Parente Golf Debt-to-Equity Related Terms

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

Sacks Parente Golf (Sacks Parente Golf) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Sacks Parente Golf Inc (NAS:SPGC) » Definitions » Debt-to-Equity
Comparable Companies
DOGZ KENS SRM BWMG DSHK BTDG CNXA ALTD PRKA FGH TSE:4661 HKSE:02020 TSE:7832 TSE:7309 HKSE:02331 MAT HAS PLNT TSE:7951 LSE:GAW
Traded in Other Exchanges
N/A
Address
551 Calle San Pablo, Camarillo, CA, USA, 93012
Website
https://www.sacksparente.com
Sacks Parente Golf Inc is a technology-forward golf company, with a growing portfolio of golf products, including putting instruments, golf shafts, golf grips, and other golf-related products. It designs, manufactures, and sells technology-forward, golf equipment, which is comprised of putting instruments, golf shafts, golf grips, and related product groups. It designs its golf products to fit golfers of all skill levels, amateur and professional.
Executives
Brett Widney Hoge director 121 GRASSLANDS CT, ADVANCE NC 27006
Steve Handy officer: Chief Financial Officer 8228 SUNSET BLVD., LOS ANGELES CA 90046
Timothy Triplett director, officer: Chief Executive Officer
Michael Robert Ferris officer: See remarks 2 CAPTAIN ROAD, WILBRAHAM MA 01095
Akinobu Yorihiro director, officer: Chief Technology Officer 155 GILES ROAD, LAKE SHERWOOD CA 91361
Gregor Alasdair Campbell director 5460 LIVERPOOL CT, OAK PARK CA 91377
Dorothy Lynn Pepper director P.O.BOX 623 ! WEBSTER ST, SARATOGA SPRINGS NY 12866
Angelo Gregory Papadourakis officer: EVP Sales & Distribution 8468 CHICORY COURT, DARIEN IL 60561
Nippon Xport Ventures, Inc. 10 percent owner 155 GILES ROAD,, LAKE SHERWOOD CA 91361