Reko International Group (Reko International Group) Debt-to-Equity : 0.25 (As of Jan. 2024)

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What is Reko International Group Debt-to-Equity?

Reko International Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $3.16 Mil. Reko International Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $5.39 Mil. Reko International Group's Total Stockholders Equity for the quarter that ended in Jan. 2024 was $34.01 Mil. Reko International Group's debt to equity for the quarter that ended in Jan. 2024 was 0.25.

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 Reko International Group's Debt-to-Equity or its related term are showing as below:

RKIGF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.14 Med: 0.24 Max: 0.78
Current: 0.25

During the past 13 years, the highest Debt-to-Equity Ratio of Reko International Group was 0.78. The lowest was 0.14. And the median was 0.24.

RKIGF's Debt-to-Equity is ranked better than
54.41% of 2621 companies
in the Industrial Products industry
Industry Median: 0.28 vs RKIGF: 0.25

Reko International Group Debt-to-Equity Historical Data

The historical data trend for Reko International Group'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.

Reko International Group Debt-to-Equity Chart

Reko International Group Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Debt-to-Equity

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0.22

0.20

0.19

0.28

0.26

Reko International Group Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Debt-to-Equity	Get a 7-Day Free Trial															0.27	0.27	0.26	0.26	0.25

Competitive Comparison of Reko International Group's Debt-to-Equity

For the Specialty Industrial Machinery subindustry, Reko International Group'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.

Reko International Group's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Reko International Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Reko International Group's Debt-to-Equity falls into.

Reko International Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Reko International Group's Debt to Equity Ratio for the fiscal year that ended in Jul. 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
	=	(3.215	+	5.916)	/	34.749
	=	0.26

Reko International Group's Debt to Equity Ratio for the quarter that ended in Jan. 2024 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
	=	(3.16	+	5.394)	/	34.012
	=	0.25

Reko International Group (OTCPK:RKIGF) 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.

Reko International Group Debt-to-Equity Related Terms

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Reko International Group (Reko International Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Reko International Group Inc (OTCPK:RKIGF) » Definitions » Debt-to-Equity

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REKO:Canada

Address

469 Silver Creek Industrial Drive, Lakeshore, ON, CAN, N8N 4W2

Website

https://www.rekointl.com

Reko International Group Inc is a Canada-based company engaged in the activities of robotic factory automation solutions, precision machining of large, critical parts, and plastic injection, and low compression acoustic tooling. The business divisions of the group are Automation, design and build, Tool and mold manufacturing, and Precision Machining. It supplies factory automation services in Canada. The company also provides machining, tooling, and engineering services. Precision machining relates to precision, custom machining of castings, and assemblies. Its geographical segments include Canada, which is the key revenue driver; and the United States.

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