Music Licensing Inc (SONG)
0.03
0.00 (0.00%)
USD |
OTCM |
Nov 21, 16:00
Music Licensing Debt to Equity Ratio: 14.04 for June 30, 2024
Debt to Equity Ratio Chart
Historical Debt to Equity Ratio Data
| Date | Value |
|---|---|
| June 30, 2024 | 14.04 |
| March 31, 2024 | 0.5659 |
| December 31, 2023 | 0.2483 |
| Date | Value |
|---|---|
| September 30, 2023 | 0.3012 |
| June 30, 2023 | 0.00 |
| March 31, 2023 | 0.00 |
Debt to Equity Ratio Definition
The debt to equity ratio measures the (Long Term Debt + Current Portion of Long Term Debt) / Total Shareholders' Equity. This metric is useful when analyzing the health of a company's balance sheet.
Debt to Equity Ratio Range, Past 5 Years
--
Minimum
Mar 2023
14.04
Maximum
Jun 2024
2.526
Average
0.2747
Median
Debt to Equity Ratio Benchmarks
| LiveOne Inc | -1.744 |
| Vnue Inc | -0.2035 |
| Trophy Resources Inc | -- |
| AB International Group Corp | 0.4454 |
| Reservoir Media Inc | 0.9065 |
Debt to Equity Ratio Related Metrics
| Total Assets (Quarterly) | 19.05M |
| Total Liabilities (Quarterly) | 17.82M |
| Shareholders Equity (Quarterly) | 1.233M |
| Current Ratio | 30.09 |
| Net Debt Paydown Yield | -0.54% |