Flywheel Advanced Technology (Flywheel Advanced Technology) Debt-to-Equity : 0.26 (As of Dec. 2023)

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What is Flywheel Advanced Technology Debt-to-Equity?

Flywheel Advanced Technology's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.26 Mil. Flywheel Advanced Technology's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.45 Mil. Flywheel Advanced Technology's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $2.77 Mil. Flywheel Advanced Technology's debt to equity for the quarter that ended in Dec. 2023 was 0.26.

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 Flywheel Advanced Technology's Debt-to-Equity or its related term are showing as below:

FWFW' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.56 Med: -0.93 Max: 0.28
Current: 0.26

During the past 8 years, the highest Debt-to-Equity Ratio of Flywheel Advanced Technology was 0.28. The lowest was -1.56. And the median was -0.93.

FWFW's Debt-to-Equity is ranked worse than
54.82% of 2222 companies
in the Software industry
Industry Median: 0.21 vs FWFW: 0.26

Flywheel Advanced Technology Debt-to-Equity Historical Data

The historical data trend for Flywheel Advanced Technology'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.

Flywheel Advanced Technology Debt-to-Equity Chart

Flywheel Advanced Technology Annual Data

Trend

Sep10

Sep11

Sep12

Sep13

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

Get a 7-Day Free Trial

-0.85

-1.00

N/A

-0.89

0.22

Flywheel Advanced Technology Quarterly Data
	Dec13	Mar14	Jun14	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															-0.93	0.27	0.28	0.22	0.26

Competitive Comparison of Flywheel Advanced Technology's Debt-to-Equity

For the Information Technology Services subindustry, Flywheel Advanced Technology'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.

Flywheel Advanced Technology's Debt-to-Equity Distribution in the Software Industry

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

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

Flywheel Advanced Technology Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Flywheel Advanced Technology'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
	=	(0.142	+	0.484)	/	2.854
	=	0.22

Flywheel Advanced Technology'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
	=	(0.26	+	0.453)	/	2.774
	=	0.26

Flywheel Advanced Technology (OTCPK:FWFW) 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.

Flywheel Advanced Technology Debt-to-Equity Related Terms

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

Flywheel Advanced Technology (Flywheel Advanced Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Flywheel Advanced Technology Inc (OTCPK:FWFW) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

123 West Nye Lane, Suite 455, Carson, NV, USA, 89706

Website

http://www.panglobalcorp.com

Flywheel Advanced Technology Inc is an investment holding company. The company's segments include provision of IoT maintenance and support services, IoT BPO services, and IoT development services in Hong Kong and Australia. It generates maximum revenue from the IoT BPO services segment.

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