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M2i Global (M2i Global) Debt-to-Equity : -0.79 (As of Feb. 2024)


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What is M2i Global Debt-to-Equity?

M2i Global's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was $0.94 Mil. M2i Global's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was $0.00 Mil. M2i Global's Total Stockholders Equity for the quarter that ended in Feb. 2024 was $-1.19 Mil. M2i Global's debt to equity for the quarter that ended in Feb. 2024 was -0.79.

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 M2i Global's Debt-to-Equity or its related term are showing as below:

MTWO' s Debt-to-Equity Range Over the Past 10 Years
Min: -6   Med: -1   Max: 18.25
Current: -0.79

During the past 6 years, the highest Debt-to-Equity Ratio of M2i Global was 18.25. The lowest was -6.00. And the median was -1.00.

MTWO's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.13 vs MTWO: -0.79

M2i Global Debt-to-Equity Historical Data

The historical data trend for M2i Global'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.

M2i Global Debt-to-Equity Chart

M2i Global Annual Data
Trend Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Debt-to-Equity
Get a 7-Day Free Trial -1.06 -1.75 -1.81 18.25 -0.82

M2i Global 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 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 -3.17 - -0.19 -0.82 -0.79

Competitive Comparison of M2i Global's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, M2i Global'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.

M2i Global's Debt-to-Equity Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, M2i Global's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where M2i Global's Debt-to-Equity falls into.


M2i Global Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

M2i Global's Debt to Equity Ratio for the fiscal year that ended in Nov. 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
=(0.85 + 0) / -1.039
=-0.82

M2i Global'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
=(0.936 + 0) / -1.192
=-0.79

* 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.

M2i Global  (OTCPK:MTWO) 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.

M2i Global Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of M2i Global's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

M2i Global (M2i Global) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » M2i Global Inc (OTCPK:MTWO) » Definitions » Debt-to-Equity
Comparable Companies
KARO EB DBD WKME ENFN BIGC RSKD PAR EVBG CRNC CRM XTER:SAP INTU NOW UBER CDNS SHOP WDAY XPAR:DSY ROP
Traded in Other Exchanges
N/A
Address
S. Carson Street, P.O. Box No. 40, Carson, NV, USA, 89701
Website
https://www.inky.live
M2I Global Inc formerly Inky Inc develops, publishes and markets mobile software applications for smartphones and tablet devices. Inky facilitates the user to decide what and where to ink without having to actually commence the tattoo procedure. Users will be able to download applications through direct-to-consumer digital storefronts, such as the apple app store and google play market. The app includes a selection of tattoo sketches by different artists that can be virtually placed via smartphone-powered AR. A user gets to try on a virtual tattoo on their body in real time.