Well DESTINY MEDIA debt increase in August
By Raphi Shpitalnik | Macroaxis Story |
Today post will break down DESTINY MEDIA. I will inspect why investors should continue to be optimistic in the company outlook. The entity current daily volatility is 8.54 percent, with a beta of -0.22 and an alpha of 0.44 over DOW. The company almost neglects market trends. We were able to collect and analyze data for thirty-two available fundamental indicators for DESTINY MEDIA TECHNOLOGIES, which can be compared to its rivals. To make sure the equity is not overpriced, please confirm all DESTINY MEDIA TECHNO financials, including its net income, as well as the relationship between the book value per share and total asset . As DESTINY MEDIA TECHNO is a penny stock we also recommend to verify its price to earning numbers. Use DESTINY MEDIA to protect your portfolios against small markets fluctuations. The stock experiences an unexpected downward movement. The market is reacting to new fundamentals. Check odds of DESTINY MEDIA to be traded at $0.6048 in 30 days.
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Reviewed by Michael Smolkin
The firm currently holds 553.3 K in liabilities with Debt to Equity (D/E) ratio of 0.22, which may suggest DESTINY MEDIA TECHNO is not taking enough advantage from borrowing. DESTINY MEDIA currently holds 553.3 K in liabilities with Debt to Equity (D/E) ratio of 0.22, which may suggest the entity is not taking enough advantage from borrowing. This firm has a current ratio of 3.79, suggesting that it is liquid enough and is able to pay its financial obligations when due.
Destiny Media financial leverage ratio helps determine the effect of debt on the overall profitability of the company. It measures the total debt position of Destiny Media, including all of Destiny Media's outstanding debt obligations, and compares it with the equity. In simple terms, the high financial leverage means the cost of production, together with running the business day-to-day, is high, whereas, lower financial leverage implies lower fixed cost investment in the business and generally considered by investors to be a good sign. So if creditors own a majority of Destiny Media assets, the company is considered highly leveraged. Understanding the composition and structure of overall Destiny Media debt and outstanding corporate bonds gives a good idea of how risky the capital structure of a business is and if it is worth investing in it. Please read more on our technical analysis page. Watch out for price decline
Please consider monitoring Destiny Media on a daily basis if you are holding a position in it. Destiny Media is trading at a penny-stock level, and the possibility of delisting is much higher compared to other otcs. However, just because the otc stock is trading under one dollar, does not mean it will be marked for deletion. Most exchanges require public instruments, such as Destiny Media stock to be traded above the $1 level to remain listed. If Destiny Media otc stock price falls below $1 for 30 consecutive trading days, the exchange can delist it. Once the company reaches this point, they will be sent an initial price violation notice directly from an exchange.
How important is Destiny Media's Liquidity
Destiny Media financial leverage refers to using borrowed capital as a funding source to finance Destiny Media Technologies ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Destiny Media financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Financial leverage can amplify the potential profits to Destiny Media's owners, but it also increases the potential losses and risk of financial distress, including bankruptcy, if the firm cannot cover its debt costs. The degree of Destiny Media's financial leverage can be measured in several ways, including by ratios such as the debt-to-equity ratio (total debt / total equity), equity multiplier (total assets / total equity), or the debt ratio (total debt / total assets). Please check the breakdown between Destiny Media's total debt and its cash.
Breaking it down a bit more
DESTINY MEDIA reports 1.13 m working capital. DESTINY MEDIA TECHNO reported previous year revenue of 3.8 M. Net Income was 266.2 K with profit before overhead, payroll, taxes, and interest of 3.5 M. DESTINY MEDIA is selling for 0.63. This is -3.08 percent decrease. The latest price is at 0.63.
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