Life Electric Vehicles Holdings (Life Electric Vehicles Holdings) Debt-to-Equity : 0.50 (As of Aug. 2023)

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What is Life Electric Vehicles Holdings Debt-to-Equity?

Life Electric Vehicles Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2023 was $0.00 Mil. Life Electric Vehicles Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2023 was $1.05 Mil. Life Electric Vehicles Holdings's Total Stockholders Equity for the quarter that ended in Aug. 2023 was $2.09 Mil. Life Electric Vehicles Holdings's debt to equity for the quarter that ended in Aug. 2023 was 0.50.

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 Life Electric Vehicles Holdings's Debt-to-Equity or its related term are showing as below:

LFEV' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.5 Med: 0.5 Max: 0.5
Current: 0.5

During the past 13 years, the highest Debt-to-Equity Ratio of Life Electric Vehicles Holdings was 0.50. The lowest was 0.50. And the median was 0.50.

LFEV's Debt-to-Equity is ranked worse than
51.36% of 1176 companies
in the Vehicles & Parts industry
Industry Median: 0.48 vs LFEV: 0.50

Life Electric Vehicles Holdings Debt-to-Equity Historical Data

The historical data trend for Life Electric Vehicles Holdings'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.

Life Electric Vehicles Holdings Debt-to-Equity Chart

Life Electric Vehicles Holdings Annual Data

Trend

Nov98

Nov99

Nov00

Nov01

Nov02

Nov03

Nov04

Nov05

Nov06

Nov07

Debt-to-Equity

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1.19

0.44

0.45

1.77

1.68

Life Electric Vehicles Holdings Quarterly Data
	May04	Aug04	Nov04	Feb05	May05	Aug05	Nov05	Feb06	May06	Aug06	Nov06	Feb07	May07	Aug07	Nov07	Feb08	May08	Aug08	Aug22	Aug23
Debt-to-Equity	Get a 7-Day Free Trial															1.80	1.78	2.64	N/A	0.50

Competitive Comparison of Life Electric Vehicles Holdings's Debt-to-Equity

For the Recreational Vehicles subindustry, Life Electric Vehicles Holdings'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.

Life Electric Vehicles Holdings's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Life Electric Vehicles Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Life Electric Vehicles Holdings's Debt-to-Equity falls into.

Life Electric Vehicles Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Life Electric Vehicles Holdings's Debt to Equity Ratio for the fiscal year that ended in Nov. 2007 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
	=	(3.255	+	0)	/	1.941
	=	1.68

Life Electric Vehicles Holdings's Debt to Equity Ratio for the quarter that ended in Aug. 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
	=	(0	+	1.05)	/	2.094
	=	0.50

Life Electric Vehicles Holdings (OTCPK:LFEV) 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.

Life Electric Vehicles Holdings Debt-to-Equity Related Terms

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Life Electric Vehicles Holdings (Life Electric Vehicles Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Life Electric Vehicles Holdings Inc (OTCPK:LFEV) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

460 Hillsboro Technology Drive, Deerfield Beach, FL, USA, 33441

Website

https://www.lifeelectricvehicles.com

Life Electric Vehicles Holdings Inc is a developer, manufacturer, and distributor in the light electric vehicle industry. The business model includes the launching, acquisition, and consolidation of multiple brands of e-bikes, e-trikes, e-scooters, and light EV companies to become an industry leader in the American micro-mobility market.

Life Electric Vehicles Holdings (Life Electric Vehicles Holdings) Headlines

From GuruFocus

IBN Coverage Initiated for Life Electric Vehicles Holdings Inc.

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