Ballard Power Systems (Ballard Power Systems) Debt-to-Equity : 0.02 (As of Dec. 2023)

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What is Ballard Power Systems Debt-to-Equity?

Ballard Power Systems's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $4.5 Mil. Ballard Power Systems's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $13.4 Mil. Ballard Power Systems's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $991.2 Mil. Ballard Power Systems's debt to equity for the quarter that ended in Dec. 2023 was 0.02.

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 Ballard Power Systems's Debt-to-Equity or its related term are showing as below:

BLDP' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.04 Max: 0.13
Current: 0.02

During the past 13 years, the highest Debt-to-Equity Ratio of Ballard Power Systems was 0.13. The lowest was 0.01. And the median was 0.04.

BLDP's Debt-to-Equity is ranked better than
93.55% of 2621 companies
in the Industrial Products industry
Industry Median: 0.28 vs BLDP: 0.02

Ballard Power Systems Debt-to-Equity Historical Data

The historical data trend for Ballard Power Systems'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.

Ballard Power Systems Debt-to-Equity Chart

Ballard Power Systems Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.08

0.02

0.01

0.02

Ballard Power Systems Quarterly Data
	Mar19	Jun19	Sep19	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															0.01	0.01	0.01	0.02	0.02

Competitive Comparison of Ballard Power Systems's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Ballard Power Systems'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.

Ballard Power Systems's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ballard Power Systems's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Ballard Power Systems's Debt-to-Equity falls into.

Ballard Power Systems Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ballard Power Systems's Debt to Equity Ratio for the fiscal year 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
	=	(4.505	+	13.393)	/	991.216
	=	0.02

Ballard Power Systems'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
	=	(4.505	+	13.393)	/	991.216
	=	0.02

Ballard Power Systems (NAS:BLDP) 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.

Ballard Power Systems Debt-to-Equity Related Terms

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Ballard Power Systems (Ballard Power Systems) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ballard Power Systems Inc (NAS:BLDP) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

0QY5:UK PO0:Germany BLDP:Canada

Address

9000 Glenlyon Parkway, Burnaby, BC, CAN, V5J 5J8

Website

https://www.ballard.com

Ballard Power Systems is a world leader in proton-exchange membrane fuel cells, power system development, and commercialization. The company's principal business is the design, development, manufacture, sale, and service of PEM fuel cell products for a variety of applications, focusing on power product markets of heavy-duty motive (bus, truck, rail, and marine applications), material handling, and stationary power generation. Sales are concentrated in the U.S., Europe, and China.