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Signing Day Sports (Signing Day Sports) Debt-to-Equity : -0.93 (As of Sep. 2023)


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What is Signing Day Sports Debt-to-Equity?

Signing Day Sports's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.76 Mil. Signing Day Sports's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $9.97 Mil. Signing Day Sports's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $-11.55 Mil. Signing Day Sports's debt to equity for the quarter that ended in Sep. 2023 was -0.93.

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 Signing Day Sports's Debt-to-Equity or its related term are showing as below:

SGN' s Debt-to-Equity Range Over the Past 10 Years
Min: -2.24   Med: -0.93   Max: -0.91
Current: -0.93

During the past 2 years, the highest Debt-to-Equity Ratio of Signing Day Sports was -0.91. The lowest was -2.24. And the median was -0.93.

SGN's Debt-to-Equity is not ranked
in the Software industry.
Industry Median: 0.21 vs SGN: -0.93

Signing Day Sports Debt-to-Equity Historical Data

The historical data trend for Signing Day Sports'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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Signing Day Sports Debt-to-Equity Chart

Signing Day Sports Annual Data
Trend Dec21 Dec22
Debt-to-Equity
-2.24 -0.91

Signing Day Sports Quarterly Data
Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Debt-to-Equity Get a 7-Day Free Trial N/A -0.91 -0.92 -0.97 -0.93

Competitive Comparison of Signing Day Sports's Debt-to-Equity

For the Software - Application subindustry, Signing Day Sports'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.

Signing Day Sports's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, Signing Day Sports's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Signing Day Sports's Debt-to-Equity falls into.


Signing Day Sports Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Signing Day Sports's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
=(1.449 + 5.917) / -8.103
=-0.91

Signing Day Sports'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
=(0.761 + 9.971) / -11.545
=-0.93

* 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.

Signing Day Sports  (AMEX:SGN) 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.

Signing Day Sports Debt-to-Equity Related Terms

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Signing Day Sports (Signing Day Sports) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Signing Day Sports Inc (AMEX:SGN) » Definitions » Debt-to-Equity
Comparable Companies
Traded in Other Exchanges
N/A
Address
8355 East Hartford Road, Suite 100, Scottsdale, AZ, USA, 85255
Website
https://signingdaysports.com
Signing Day Sports Inc is a technology company developing and operating platforms aiming to give significantly more student-athletes the opportunity to go to college and continue playing sports. Its platform Signing Day Sports is a digital ecosystem to help athletes get discovered and recruited by coaches and recruiters across the country. It currently fully supports football and baseball, and it plans to expand the Signing Day Sports platform to include additional sports.