OOOOO Entertainment Commerce (TSXV:OOOO) Debt-to-Equity : -0.65 (As of Jul. 2023)

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What is OOOOO Entertainment Commerce Debt-to-Equity?

OOOOO Entertainment Commerce's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jul. 2023 was C$0.15 Mil. OOOOO Entertainment Commerce's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jul. 2023 was C$1.71 Mil. OOOOO Entertainment Commerce's Total Stockholders Equity for the quarter that ended in Jul. 2023 was C$-2.86 Mil. OOOOO Entertainment Commerce's debt to equity for the quarter that ended in Jul. 2023 was -0.65.

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 OOOOO Entertainment Commerce's Debt-to-Equity or its related term are showing as below:

TSXV:OOOO' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.9 Med: -0.65 Max: 3.89
Current: -0.65

During the past 11 years, the highest Debt-to-Equity Ratio of OOOOO Entertainment Commerce was 3.89. The lowest was -0.90. And the median was -0.65.

TSXV:OOOO's Debt-to-Equity is not ranked
in the Interactive Media industry.
Industry Median: 0.15 vs TSXV:OOOO: -0.65

OOOOO Entertainment Commerce Debt-to-Equity Historical Data

The historical data trend for OOOOO Entertainment Commerce'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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OOOOO Entertainment Commerce Debt-to-Equity Chart

OOOOO Entertainment Commerce Annual Data

Trend

Jul13

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Oct21

Oct22

Debt-to-Equity

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N/A

-0.90

OOOOO Entertainment Commerce Quarterly Data
	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23
Debt-to-Equity	Get a 7-Day Free Trial															3.89	-0.90	-0.74	-0.69	-0.65

Competitive Comparison of OOOOO Entertainment Commerce's Debt-to-Equity

For the Internet Content & Information subindustry, OOOOO Entertainment Commerce'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.

OOOOO Entertainment Commerce's Debt-to-Equity Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, OOOOO Entertainment Commerce's Debt-to-Equity distribution charts can be found below:

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

OOOOO Entertainment Commerce Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

OOOOO Entertainment Commerce's Debt to Equity Ratio for the fiscal year that ended in Oct. 2022 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
	=	(0.113	+	1.637)	/	-1.953
	=	-0.90

OOOOO Entertainment Commerce's Debt to Equity Ratio for the quarter that ended in Jul. 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
	=	(0.153	+	1.707)	/	-2.855
	=	-0.65

OOOOO Entertainment Commerce (TSXV:OOOO) 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.

OOOOO Entertainment Commerce Debt-to-Equity Related Terms

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

OOOOO Entertainment Commerce (TSXV:OOOO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » OOOOO Entertainment Commerce Ltd (TSXV:OOOO) » Definitions » Debt-to-Equity

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OOOOF:USA

Address

C/O 1000 - 925 West Georgia Street, Vancouver, BC, CAN, V6C 3L2

Website

https://www.ooooo.com

OOOOO Entertainment Commerce Ltd operates a technology platform that enables retailers, brands, and entrepreneurs to share product-based opinions directly to consumers through live, interactive, shoppable videos. The platform also offers gamification and social features which reward the community for helping to grow the user base, reducing the need for traditional ad networks.

OOOOO Entertainment Commerce (TSXV:OOOO) Headlines

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