ParcelPal Logistics (STU:PT0) Debt-to-Equity : -0.76 (As of Sep. 2023)

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What is ParcelPal Logistics Debt-to-Equity?

ParcelPal Logistics's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was €1.19 Mil. ParcelPal Logistics's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was €0.00 Mil. ParcelPal Logistics's Total Stockholders Equity for the quarter that ended in Sep. 2023 was €-1.56 Mil. ParcelPal Logistics's debt to equity for the quarter that ended in Sep. 2023 was -0.76.

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 ParcelPal Logistics's Debt-to-Equity or its related term are showing as below:

STU:PT0' s Debt-to-Equity Range Over the Past 10 Years
Min: -10.85 Med: -0.35 Max: 14.71
Current: -0.76

During the past 12 years, the highest Debt-to-Equity Ratio of ParcelPal Logistics was 14.71. The lowest was -10.85. And the median was -0.35.

STU:PT0's Debt-to-Equity is not ranked
in the Transportation industry.
Industry Median: 0.545 vs STU:PT0: -0.76

ParcelPal Logistics Debt-to-Equity Historical Data

The historical data trend for ParcelPal Logistics'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.

ParcelPal Logistics Debt-to-Equity Chart

ParcelPal Logistics Annual Data

Trend

Sep13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.38

0.47

-0.47

14.69

-1.13

ParcelPal Logistics Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															-10.77	-2.11	-1.13	-0.90	-0.76

Competitive Comparison of ParcelPal Logistics's Debt-to-Equity

For the Integrated Freight & Logistics subindustry, ParcelPal Logistics'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.

ParcelPal Logistics's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, ParcelPal Logistics's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where ParcelPal Logistics's Debt-to-Equity falls into.

ParcelPal Logistics Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

ParcelPal Logistics's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(1.383	+	0.007)	/	-1.228
	=	-1.13

ParcelPal Logistics's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(1.186	+	0)	/	-1.562
	=	-0.76

ParcelPal Logistics (STU:PT0) 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.

ParcelPal Logistics Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of ParcelPal Logistics's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

ParcelPal Logistics (STU:PT0) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » ParcelPal Logistics Inc (STU:PT0) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

PTNYF:USA PT0A:Germany PKG:Canada

Address

422 Richards Street, Suite 170, Vancouver, BC, CAN, V6B 2Z4

Website

https://www.parcelpal.com

ParcelPal Logistics Inc is a Canadian-based company that specializes in last-mile delivery service and logistics solutions, providing businesses with a smart, reliable, and affordable delivery service powered by the company's licensed technology platform. It is a customer-driven, courier and logistics company connecting people and businesses through its network of couriers in major Canadian cities including Vancouver, Calgary, and Toronto, and now in the western region of the United States. Some of its verticals include pharmacy & health, meal kit deliveries, retail, groceries, and more.

ParcelPal Logistics (STU:PT0) Headlines

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