Mag Mile Capital (Mag Mile Capital) Debt-to-Equity : 5.07 (As of Dec. 2023)

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What is Mag Mile Capital Debt-to-Equity?

Mag Mile Capital's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.16 Mil. Mag Mile Capital's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.44 Mil. Mag Mile Capital's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $0.12 Mil. Mag Mile Capital's debt to equity for the quarter that ended in Dec. 2023 was 5.07.

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 Mag Mile Capital's Debt-to-Equity or its related term are showing as below:

MMCP' s Debt-to-Equity Range Over the Past 10 Years
Min: -1 Med: 2.03 Max: 5.07
Current: 5.07

During the past 3 years, the highest Debt-to-Equity Ratio of Mag Mile Capital was 5.07. The lowest was -1.00. And the median was 2.03.

MMCP's Debt-to-Equity is not ranked
in the Banks industry.
Industry Median: 0.66 vs MMCP: 5.07

Mag Mile Capital Debt-to-Equity Historical Data

The historical data trend for Mag Mile Capital'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.

Mag Mile Capital Debt-to-Equity Chart

Mag Mile Capital Annual Data

Trend

Jul21

Jul22

Dec23

Debt-to-Equity

N/A

-1.00

5.07

Mag Mile Capital Quarterly Data
	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial					-0.75	-1.00	0.76	0.67	5.07

Competitive Comparison of Mag Mile Capital's Debt-to-Equity

For the Mortgage Finance subindustry, Mag Mile Capital'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.

Mag Mile Capital's Debt-to-Equity Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Mag Mile Capital's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Mag Mile Capital's Debt-to-Equity falls into.

Mag Mile Capital Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mag Mile Capital'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
	=	(0.156	+	0.437)	/	0.117
	=	5.07

Mag Mile Capital'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
	=	(0.156	+	0.437)	/	0.117
	=	5.07

Mag Mile Capital (OTCPK:MMCP) 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.

Mag Mile Capital Debt-to-Equity Related Terms

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Mag Mile Capital (Mag Mile Capital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Mag Mile Capital Inc (OTCPK:MMCP) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

7950 W. Sunset Boulevard, Suite 629, Los Angeles, CA, USA, 90046

Website

https://www.magmilecapital.com

Mag Mile Capital Inc is a full-service commercial real estate mortgage banking firm. Mag Mile Capital is a national platform comprised of capital markets experience in real estate bridge financing, mezzanine, and permanent debt placement and equity arrangements throughout the full capital stack and across all major real estate asset classes, including hotels, multifamily, office, retail, industrial, healthcare, self-storage and special purpose properties, offering access to structured debt and equity advisory solutions and placement for real estate investors, developers, and entrepreneurs, It leverages a wide variety of lending relationships and equity capital connections as a leading national real estate mortgage intermediary.

Mag Mile Capital (Mag Mile Capital) Headlines

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