Prime Drink Group (Prime Drink Group) Debt-to-Equity : 0.00 (As of Mar. 2024)

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What is Prime Drink Group Debt-to-Equity?

Prime Drink Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil. Prime Drink Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil. Prime Drink Group's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $6.33 Mil. Prime Drink Group's debt to equity for the quarter that ended in Mar. 2024 was 0.00.

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

During the past 5 years, the highest Debt-to-Equity Ratio of Prime Drink Group was 0.12. The lowest was 0.00. And the median was 0.00.

DOMWF's Debt-to-Equity is not ranked ^*
in the Utilities - Regulated industry.
Industry Median: 0.88
* Ranked among companies with meaningful Debt-to-Equity only.

Prime Drink Group Debt-to-Equity Historical Data

The historical data trend for Prime Drink 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.

Prime Drink Group Debt-to-Equity Chart

Prime Drink Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.12

0.01

Prime Drink Group Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial													-	-	-	-	-

Competitive Comparison of Prime Drink Group's Debt-to-Equity

For the Utilities - Regulated Water subindustry, Prime Drink 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.

Prime Drink Group's Debt-to-Equity Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Prime Drink Group's Debt-to-Equity distribution charts can be found below:

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

Prime Drink Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Prime Drink Group'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
	=	(0	+	0)	/	6.541
	=	0.00

Prime Drink Group's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(0	+	0)	/	6.325
	=	0.00

Prime Drink Group (OTCPK:DOMWF) 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.

Prime Drink Group Debt-to-Equity Related Terms

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Prime Drink Group (Prime Drink Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Prime Drink Group Corp (OTCPK:DOMWF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

PRME:Canada

Address

1188 Union Avenue, Suite 609, Montreal, QC, CAN, H3B 0E5

Website

https://www.dwrcorp.ca

Prime Drink Group Corp is engaged in the business of acquiring and managing spring water permits to develop operations in the spring water market in Quebec and elsewhere.