Quizam Media (XCNQ:QQ) Debt-to-Equity : -2.77 (As of Feb. 2024)

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What is Quizam Media Debt-to-Equity?

Quizam Media's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$0.24 Mil. Quizam Media's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$1.44 Mil. Quizam Media's Total Stockholders Equity for the quarter that ended in Feb. 2024 was C$-0.61 Mil. Quizam Media's debt to equity for the quarter that ended in Feb. 2024 was -2.77.

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

XCNQ:QQ' s Debt-to-Equity Range Over the Past 10 Years
Min: -15.53 Med: -0.82 Max: 7.54
Current: -2.77

During the past 13 years, the highest Debt-to-Equity Ratio of Quizam Media was 7.54. The lowest was -15.53. And the median was -0.82.

XCNQ:QQ's Debt-to-Equity is not ranked
in the Interactive Media industry.
Industry Median: 0.14 vs XCNQ:QQ: -2.77

Quizam Media Debt-to-Equity Historical Data

The historical data trend for Quizam Media'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.

Quizam Media Debt-to-Equity Chart

Quizam Media Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Debt-to-Equity

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-1.10

1.01

-6.44

-5.27

Quizam Media Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-Equity	Get a 7-Day Free Trial															-5.73	-5.27	-3.94	-2.84	-2.77

Competitive Comparison of Quizam Media's Debt-to-Equity

For the Internet Content & Information subindustry, Quizam Media'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.

Quizam Media's Debt-to-Equity Distribution in the Interactive Media Industry

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

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

Quizam Media Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Quizam Media's Debt to Equity Ratio for the fiscal year that ended in May. 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
	=	(0.567	+	1.563)	/	-0.404
	=	-5.27

Quizam Media's Debt to Equity Ratio for the quarter that ended in Feb. 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
	=	(0.243	+	1.436)	/	-0.607
	=	-2.77

Quizam Media (XCNQ:QQ) 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.

Quizam Media Debt-to-Equity Related Terms

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Quizam Media (XCNQ:QQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Quizam Media Corp (XCNQ:QQ) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

609 Granville Street, Po Box 10381, Suite 650, Vancouver, BC, CAN, V7Y 1G6

Website

http://www.quizammedia.com

Quizam Media Corp is a company whose principal business activities consist of providing computer training and consulting services, marketing of a computer-based educational program, film production and cannabis retail sales. It produces and acquires content for both entertainment and corporate education. The company does its sales via geographical segments that include Canada, USA and Europe. The majority of its revenue is derived from Canada.

Quizam Media (XCNQ:QQ) Headlines

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