Destiny Media Technologies (Destiny Media Technologies) Debt-to-Equity : 0.00 (As of Feb. 2024)

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What is Destiny Media Technologies Debt-to-Equity?

Destiny Media Technologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was $0.00 Mil. Destiny Media Technologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was $0.00 Mil. Destiny Media Technologies's Total Stockholders Equity for the quarter that ended in Feb. 2024 was $3.30 Mil. Destiny Media Technologies's debt to equity for the quarter that ended in Feb. 2024 was 0.00.

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

During the past 13 years, the highest Debt-to-Equity Ratio of Destiny Media Technologies was 0.22. The lowest was 0.00. And the median was 0.01.

DSNY's Debt-to-Equity is not ranked ^*
in the Software industry.
Industry Median: 0.21
* Ranked among companies with meaningful Debt-to-Equity only.

Destiny Media Technologies Debt-to-Equity Historical Data

The historical data trend for Destiny Media 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.

Destiny Media Technologies Debt-to-Equity Chart

Destiny Media Technologies Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Debt-to-Equity

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0.16

0.07

Destiny Media Technologies 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															-	-	-	-	-

Competitive Comparison of Destiny Media Technologies's Debt-to-Equity

For the Software - Application subindustry, Destiny Media 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.

Destiny Media Technologies's Debt-to-Equity Distribution in the Software Industry

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

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

Destiny Media Technologies Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Destiny Media Technologies's Debt to Equity Ratio for the fiscal year that ended in Aug. 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	+	0)	/	3.474
	=	0.00

Destiny Media Technologies'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	+	0)	/	3.301
	=	0.00

Destiny Media Technologies (OTCPK:DSNY) 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.

Destiny Media Technologies Debt-to-Equity Related Terms

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

Destiny Media Technologies (Destiny Media Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Destiny Media Technologies Inc (OTCPK:DSNY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

DME1:Germany DSY:Canada

Address

428 - 1575 West Georgia Street, Vancouver, BC, CAN, V6G 2V3

Website

https://www.dsny.com

Destiny Media Technologies Inc is a provider of secure digital content distribution and promotion solutions. The company operates solely in the digital media software segment. Its predominant services are Clipstream which enables any non-technical user to upload videos that will play on all modern web browsers and Play MPE, a digital distribution service that is used commercially by the recording industry. Destiny services are based on proprietary security, watermarking and instant play streaming media technologies. It also offers audio and video streaming solutions and secure file distribution to customers around the globe.

Executives

Mark A Graber	10 percent owner	2220 NORTHSTAR STREET, NUMBER 17, ANCHORAGE AK 99503
Olya Massalitina	officer: Chief Financial Officer	1911 - 271 FRANCIS WAY, NEW WESTMINSTER A1 V3L 0H2
David M. Mossberg	director	1905 HAY MEADOW COURT, SOUTHLAKE TX 76092
Hyonmyong Cho	director	961 PASEO DEL SUR, SANTA FE NM 87501
Fred Vandenberg	officer: Chief Financial Officer	800-570 GRANVILLE STREET, VANCOUVER A1 V6C 3P1
Samuel Ritchie	officer: CFO	24414 113 AVE, MAPLE RIDGE A1 V2W0H4
David Alexander Summers	director	C/O DESTINY MEDIA TECHNOLOGIES INC., 1110 - 885 W. GEORGIA STREET, VANCOUVER A1 V6C 3E8
Steve Vestergaard	director, 10 percent owner, officer: Chief Executive Officer	650 350 CENTRE ROAD, LIONS BAY A1 V0N 2E0
Sandra Boenisch	officer: CFO	51 WEST 52ND STREET, 7TH FLOOR, NEW YORK NY 10019
Samuel Jay Graber	director	3139 CLEARFIELD DRIVE, SAN ANTONIO TX 78230
Haig S Bagerdjian	director	2777 NORTH ONTARIO ST, BURBANK CA 91504
Dale Borland	officer: VP and COO of Subsidiary	SUITE 750, 650 WEST GEORGIA STREET, VANCOUVER A1 V6B 4N7
Edward Kolic	director
Yoshitaro Kumagai	director	5255 STEVENS CREEK BLVD., #284, SANTA CLARA CA 95051
Lawrence Jeffrey Langs	director	134 LA ESPIRAL ROAD, ORINDA CA 94563