Global Mofy Metaverse (Global Mofy Metaverse) Debt-to-Equity : 0.16 (As of Sep. 2023)

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What is Global Mofy Metaverse Debt-to-Equity?

Global Mofy Metaverse's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $2.76 Mil. Global Mofy Metaverse's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.56 Mil. Global Mofy Metaverse's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $20.96 Mil. Global Mofy Metaverse's debt to equity for the quarter that ended in Sep. 2023 was 0.16.

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 Global Mofy Metaverse's Debt-to-Equity or its related term are showing as below:

GMM' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.16 Med: 0.8 Max: 7.07
Current: 0.16

During the past 4 years, the highest Debt-to-Equity Ratio of Global Mofy Metaverse was 7.07. The lowest was 0.16. And the median was 0.80.

GMM's Debt-to-Equity is ranked better than
55.76% of 2213 companies
in the Software industry
Industry Median: 0.21 vs GMM: 0.16

Global Mofy Metaverse Debt-to-Equity Historical Data

The historical data trend for Global Mofy Metaverse'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.

Global Mofy Metaverse Debt-to-Equity Chart

Global Mofy Metaverse Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

7.07

1.13

0.48

0.16

Global Mofy Metaverse Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial			1.13	0.43	0.48	0.21	0.16

Competitive Comparison of Global Mofy Metaverse's Debt-to-Equity

For the Information Technology Services subindustry, Global Mofy Metaverse'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.

Global Mofy Metaverse's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, Global Mofy Metaverse's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Global Mofy Metaverse's Debt-to-Equity falls into.

Global Mofy Metaverse Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Global Mofy Metaverse's Debt to Equity Ratio for the fiscal year that ended in Sep. 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
	=	(2.758	+	0.557)	/	20.957
	=	0.16

Global Mofy Metaverse's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(2.758	+	0.557)	/	20.957
	=	0.16

Global Mofy Metaverse (NAS:GMM) 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.

Global Mofy Metaverse Debt-to-Equity Related Terms

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Global Mofy Metaverse (Global Mofy Metaverse) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Global Mofy Metaverse Ltd (NAS:GMM) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. A12, Xidian Memory Cultural and Creative Town, No. 102, 1st Floor, Gaobeidian Township, Chaoyang District, Beijing, CHN, 100000

Website

Global Mofy Metaverse Ltd operates as a technology solutions provider engaged in virtual content production, digital marketing, and digital assets development for the metaverse industry. It utilizes its proprietary Mofy Lab technology platform which consists of three-dimensional (3D) rebuilt technology and artificial intelligence (AI) interactive technology to create a 3D high-definition virtual version of a wide range of physical world objects such as human, animal, and scenes which can be used in different applications.

Global Mofy Metaverse (Global Mofy Metaverse) Headlines

From GuruFocus

Global Mofy Metaverse Limited Announces Pricing of $6,000,000 Initial Public Offering

By Marketwired • 10-09-2023

Global Mofy Metaverse ("GMM"), 3D Digital Assets Operator, Debuts on Nasdaq

By ACN Newswire • 10-12-2023

Global Mofy Metaverse Limited Announces Closing of $6,000,000 Initial Public Offering

By Marketwired • 10-12-2023