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Singing Machine Co Inc  (MICS)
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    Sector  Technology    Industry Consumer Electronics
   Industry Consumer Electronics
   Sector  Technology

Singing Machine Co Inc's Tangible Leverage Ratio

MICS's quarterly Tangible Leverage Ratio and Total Liabilities, Tangible Equity growth


Due to net new borrowings of 318.17%, Tangible Leverage Ratio fell to 2.37, below the Singing Machine Co Inc's average Tangible Leverage Ratio.

Within Consumer Electronics industry in the second quarter 2023, 36 other companies have achieved lower Tangible Leverage Ratio than Singing Machine Co Inc in the II Quarter 2023. While Tangible Leverage Ratio total ranking has deteriorated compared to the first quarter 2023 from 1123 to 2681 .

Explain Tangible Leverage Ratio?
What is MICS Market Share?
What are MICS´s Total Liabilities?


MICS Tangible Leverage Ratio (Sep 30 2023)
II. Quarter
(Jun 30 2023)
I. Quarter
(Mar 31 2023)
IV. Quarter
(Dec 31 2022)
III. Quarter
(Sep 30 2022)
II. Quarter
Y / Y Tangible Equity Change -35.24 % -32.95 % 2.94 % 27.38 % 91.57 %
Y / Y Total Liabilities Change 24.38 % -61.28 % -49.98 % -59.67 % 58.08 %
Tangible Leverage Ratio MRQ 2.37 0.57 0.61 0.83 1.23
MICS's Total Ranking # 2681 # 1123 # 1297 # 1881 # 2035
Seq. Tangible Equity Change 1.4 % -7.61 % -21.72 % -11.69 % 4.99 %
Seq. Total Liabilities Change 318.17 % -13.3 % -42.39 % -40.45 % 30.18 %



Tangible Leverage Ratio second quarter 2023 Company Ranking
Within: No.
Consumer Electronics Industry # 37
Technology Sector # 443
Overall Market # 2681


Tangible Leverage Ratio Statistics
High Average Low
136.53 6.4 0.43
(Dec 31 2011)   (Mar 31 2019)




Financial Statements
Singing Machine Co Inc's Tangible Equity $ 10 Millions Visit MICS's Balance sheet
Singing Machine Co Inc's Total Liabilities $ 23 Millions Visit MICS's Balance sheet
Source of MICS's Sales Visit MICS's Sales by Geography


Cumulative Singing Machine Co Inc's Tangible Leverage Ratio

MICS's Tangible Leverage Ratio for the trailling 12 Months

MICS Tangible Leverage Ratio

(Sep 30 2023)
II. Quarter
(Jun 30 2023)
I. Quarter
(Mar 31 2023)
IV. Quarter
(Dec 31 2022)
III. Quarter
(Sep 30 2022)
II. Quarter
Y / Y Tangible Equity TTM Growth -35.24 % -32.95 % 2.94 % 27.38 % 91.57 %
Y / Y Total Liabilities TTM Growth 24.38 % -61.28 % -49.98 % -59.67 % 58.08 %
Tangible Leverage Ratio TTM 1.07 0.86 0.95 1.07 1.46
Total Ranking TTM # 16 # 994 # 16 # 424 # 2215
Seq. Tangible Equity TTM Growth 1.4 % -7.61 % -21.72 % -11.69 % 4.99 %
Seq. Total Liabilities TTM Growth 318.17 % -13.3 % -42.39 % -40.45 % 30.18 %


On the trailing twelve months basis Due to the net new borrowings of 318.17% during the trailing twelve months finishing in the II Quarter 2023, cumulativeTangible Leverage Ratio improved to 1.07, above the Singing Machine Co Inc's average Tangible Leverage Ratio.
Tangible Leverage Ratio is the average cumulative value over the last four quarters.

Among companies in the Consumer Electronics industry MICS recorded the lowest Tangible Leverage Ratio. While Tangible Leverage Ratio total ranking has improved so far to 16, from total ranking in previous 12 month period at 994.

Explain Tangible Leverage Ratio?
What is MICS Market Share?
What are MICS´s Total Liabilities?

TTM Tangible Leverage Ratio Company Ranking
Within: No.
Within the Consumer Electronics Industry # 0
Technology Sector # 1
Within the Market # 16


trailing twelve months Tangible Leverage Ratio Statistics
High Average Low
0.6 0.15 0
(Mar 31 2018)   (June 30. 2016)




Companies with similar Tangible Leverage Ratio in the quarter ending Sep 30 2023, within Consumer Electronics Industry Tangible Leverage RatioSep 30 2023 MRQ Total LiabilitiesSep 30 2023 MRQ Tangible Equity
Strong Global Entertainment Inc   3.25 $ 23.636  Millions$ 7.277  Millions
Ericsson Lm Telephone Co  3.13 $ 14,938.308  Millions$ 4,779.880  Millions
Qualcomm Inc  3.09 $ 29,459.000  Millions$ 9,531.000  Millions
Harmonic Inc   3.02 $ 312.992  Millions$ 103.639  Millions
Arlo Technologies Inc   2.40 $ 189.766  Millions$ 79.155  Millions
Singing Machine Co Inc  2.37 $ 22.905  Millions$ 9.678  Millions
Imax Corporation  1.97 $ 531.895  Millions$ 269.592  Millions
Bk Technologies Corporation  1.64 $ 30.454  Millions$ 18.614  Millions
Akoustis Technologies Inc   1.53 $ 59.355  Millions$ 38.702  Millions
Eastman Kodak Co  1.47 $ 1,359.000  Millions$ 922.000  Millions
Blacksky Technology Inc   1.40 $ 114.038  Millions$ 81.245  Millions
Vizio Holding Corp   1.29 $ 485.300  Millions$ 376.700  Millions
Ciena Corp  1.25 $ 2,753.134  Millions$ 2,197.969  Millions
Ceragon Networks Ltd   1.22 $ 133.623  Millions$ 109.869  Millions
Universal Electronics Inc   1.18 $ 183.980  Millions$ 155.998  Millions
Sonos Inc   1.16 $ 483.584  Millions$ 418.019  Millions
Gopro Inc   1.11 $ 458.732  Millions$ 412.621  Millions
Genasys Inc   1.00 $ 15.085  Millions$ 15.103  Millions
Fg Group Holdings Inc   0.86 $ 31.315  Millions$ 36.233  Millions
Cambium Networks Corp  0.84 $ 94.326  Millions$ 112.331  Millions
Aviat Networks Inc   0.68 $ 144.149  Millions$ 212.168  Millions
Gilat Satellite Networks Ltd  0.66 $ 135.121  Millions$ 203.897  Millions
Airgain Inc   0.66 $ 10.537  Millions$ 15.943  Millions
Netgear Inc   0.51 $ 252.258  Millions$ 496.508  Millions
Moving Image Technologies inc   0.50 $ 3.755  Millions$ 7.557  Millions
Planet Labs Pbc  0.49 $ 179.922  Millions$ 370.470  Millions

Date modified: 2023-12-03T22:58:45+00:00



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