ZoomAway Technologies (TSXV:ZMA) Debt-to-Equity : -0.88 (As of Dec. 2023)

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What is ZoomAway Technologies Debt-to-Equity?

ZoomAway Technologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$7.85 Mil. ZoomAway Technologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil. ZoomAway Technologies's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$-8.90 Mil. ZoomAway Technologies's debt to equity for the quarter that ended in Dec. 2023 was -0.88.

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

TSXV:ZMA' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.29 Med: -0.7 Max: -0.23
Current: -0.88

During the past 13 years, the highest Debt-to-Equity Ratio of ZoomAway Technologies was -0.23. The lowest was -1.29. And the median was -0.70.

TSXV:ZMA's Debt-to-Equity is not ranked
in the Travel & Leisure industry.
Industry Median: 0.46 vs TSXV:ZMA: -0.88

ZoomAway Technologies Debt-to-Equity Historical Data

The historical data trend for ZoomAway Technologies'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.

ZoomAway Technologies Debt-to-Equity Chart

ZoomAway Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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-0.54

-1.29

-0.98

-0.86

-0.88

ZoomAway Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															-0.86	-0.84	-0.83	-0.92	-0.88

Competitive Comparison of ZoomAway Technologies's Debt-to-Equity

For the Travel Services subindustry, ZoomAway Technologies'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.

ZoomAway Technologies's Debt-to-Equity Distribution in the Travel & Leisure Industry

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

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

ZoomAway Technologies Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

ZoomAway Technologies'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
	=	(7.852	+	0)	/	-8.899
	=	-0.88

ZoomAway Technologies'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
	=	(7.852	+	0)	/	-8.899
	=	-0.88

ZoomAway Technologies (TSXV:ZMA) 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.

ZoomAway Technologies Debt-to-Equity Related Terms

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

ZoomAway Technologies (TSXV:ZMA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » ZoomAway Technologies Inc (TSXV:ZMA) » Definitions » Debt-to-Equity

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ZMWYF:USA

Address

960 Matley Lane, No. 4, Reno, NV, USA, 89502

Website

https://www.zoomaway.com

ZoomAway Technologies Inc is a technology company in the Hospitality and Travel Industries. It has developed a variety of software solutions that enhance the planning and engagement of everyday tourists. Its flagship project, ZoomedOUT, is a complete modernization and re-imagination of mobile travel apps. In a full 3D environment, it is able to integrate planning, booking, social media, and camaraderie into a tangibly rewarding experience.

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