Debt/Equity of Rimini Street, Inc.
The debt to equity ratio is generally calculated by dividing debt by equity. The D/E ratio is also known as risk, gearing or leverage. The two components are often taken from the firm's balance sheet or statement of financial position (so-called book value), but the ratio may also be calculated using market values for both, if the company's debt and equity are publicly traded, or using a combination of book value for debt and market value for equity financially. Preferred stock can be considered part of debt or equity. Attributing preferred shares to one or the other is partially a subjective decision but will also take into account the specific features of the preferred shares. When used to calculate a company's financial leverage, the debt usually includes only the long-term debt.
Rimini Street, Inc. provides enterprise software support products and services to companies in various industries. The company offers support services for IBM, Microsoft, SAP, Oracle, and other enterprise software vendors' products. It sells its solutions primarily through direct sales organizations in North America, Latin America, Europe, Africa, the Middle East, Asia, and the Asia-Pacific. The company was founded in 2005 and is based in Las Vegas, Nevada with additional locations in California, New York, Australia, Brazil, China, France, Germany, India, Singapore, Sweden, Taiwan, and United Kingdom.