Specificity (Specificity) Debt-to-Equity : -0.78 (As of Sep. 2023)

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What is Specificity Debt-to-Equity?

Specificity's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.32 Mil. Specificity's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $1.00 Mil. Specificity's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $-1.69 Mil. Specificity's debt to equity for the quarter that ended in Sep. 2023 was -0.78.

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

SPTY' s Debt-to-Equity Range Over the Past 10 Years
Min: -2.63 Med: -1.08 Max: -0.73
Current: -0.78

During the past 3 years, the highest Debt-to-Equity Ratio of Specificity was -0.73. The lowest was -2.63. And the median was -1.08.

SPTY's Debt-to-Equity is not ranked
in the Media - Diversified industry.
Industry Median: 0.29 vs SPTY: -0.78

Specificity Debt-to-Equity Historical Data

The historical data trend for Specificity'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.

Specificity Debt-to-Equity Chart

Specificity Annual Data

Trend

Dec20

Dec21

Dec22

Debt-to-Equity

0.13

-2.63

-1.08

Specificity Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial						-1.29	-1.08	-0.84	-0.73	-0.78

Competitive Comparison of Specificity's Debt-to-Equity

For the Advertising Agencies subindustry, Specificity'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.

Specificity's Debt-to-Equity Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Specificity's Debt-to-Equity distribution charts can be found below:

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

Specificity Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Specificity'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
	=	(0.044	+	1.021)	/	-0.988
	=	-1.08

Specificity'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
	=	(0.323	+	1)	/	-1.688
	=	-0.78

Specificity (OTCPK:SPTY) 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.

Specificity Debt-to-Equity Related Terms

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

Specificity (Specificity) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Specificity Inc (OTCPK:SPTY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

410 Ware Boulevard, Suite 508, Tampa, FL, USA, 33619

Website

https://www.specificityinc.com

Specificity Inc is a full-service digital marketing firm that delivers cutting-edge marketing solutions to business to business clients as well as business to consumer clients. The company offers host of marketing services including Email Marketing, Automated Marketing, Retargeting Marketing ,Content Marketing, Social Media Content Creation, Digital Production Marketing, Creating Brand Standard, Logo Creation It builds digital marketing campaigns for all sorts of businesses, small to large, all over the country.

Executives

Jason Allen Wood	director, 10 percent owner, officer: CHIEF EXECUTIVE OFFICER	14213 SUNDIAL PL, LAKEWOOD RANCH FL 34202-5894
Kevin Frisbie	director	PO BOX 714, LEWISTON ME 04243
William Mark Anderson	director, officer: CHIEF OPERATING OFFICER	2215 E 4TH AVE, TAMPA FL 33605-5409