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Kinetic Group (Kinetic Group) Debt-to-Equity : 0.49 (As of Dec. 2023)


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What is Kinetic Group Debt-to-Equity?

Kinetic Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.18 Mil. Kinetic Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Kinetic Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $0.37 Mil. Kinetic Group's debt to equity for the quarter that ended in Dec. 2023 was 0.49.

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 Kinetic Group's Debt-to-Equity or its related term are showing as below:

KNIT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.14   Med: 0.28   Max: 0.49
Current: 0.49

During the past 8 years, the highest Debt-to-Equity Ratio of Kinetic Group was 0.49. The lowest was 0.14. And the median was 0.28.

KNIT's Debt-to-Equity is ranked better than
59.71% of 345 companies
in the Telecommunication Services industry
Industry Median: 0.66 vs KNIT: 0.49

Kinetic Group Debt-to-Equity Historical Data

The historical data trend for Kinetic Group'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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Kinetic Group Debt-to-Equity Chart

Kinetic Group Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Debt-to-Equity
Get a 7-Day Free Trial - N/A - - -

Kinetic Group 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 0.14 0.28 - 0.49

Competitive Comparison of Kinetic Group's Debt-to-Equity

For the Telecom Services subindustry, Kinetic Group'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.

Kinetic Group's Debt-to-Equity Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Kinetic Group's Debt-to-Equity distribution charts can be found below:

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


Kinetic Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kinetic Group'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
=(0 + 0) / 0.398
=0.00

Kinetic Group'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
=(0.18 + 0) / 0.37
=0.49

* 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.

Kinetic Group  (OTCPK:KNIT) 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.

Kinetic Group Debt-to-Equity Related Terms

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Kinetic Group (Kinetic Group) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Kinetic Group Inc (OTCPK:KNIT) » Definitions » Debt-to-Equity
Comparable Companies
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Traded in Other Exchanges
N/A
Address
2801 NW 7th Avenue, Miami, FL, USA, 33122
Website
http://www.groupkinetic.com
Kinetic Group Inc is a telecommunications company focused on owning, operating, and building wireless infrastructure for international mobile carriers in Latin America. The company rents operate and build tower/rooftop/unconventional infrastructure, fiber optic networks, DAS, and telecommunication equipment for MNO's.