First Hydrogen (STU:FIT) Debt-to-Equity : -3.05 (As of Dec. 2023)

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What is First Hydrogen Debt-to-Equity?

First Hydrogen's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €0.02 Mil. First Hydrogen's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was €1.46 Mil. First Hydrogen's Total Stockholders Equity for the quarter that ended in Dec. 2023 was €-0.49 Mil. First Hydrogen's debt to equity for the quarter that ended in Dec. 2023 was -3.05.

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 First Hydrogen's Debt-to-Equity or its related term are showing as below:

STU:FIT' s Debt-to-Equity Range Over the Past 10 Years
Min: -3.05 Med: 0.03 Max: 1.12
Current: -3.05

During the past 5 years, the highest Debt-to-Equity Ratio of First Hydrogen was 1.12. The lowest was -3.05. And the median was 0.03.

STU:FIT's Debt-to-Equity is not ranked
in the Vehicles & Parts industry.
Industry Median: 0.48 vs STU:FIT: -3.05

First Hydrogen Debt-to-Equity Historical Data

The historical data trend for First Hydrogen'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.

First Hydrogen Debt-to-Equity Chart

First Hydrogen Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

0.02

1.12

0.03

First Hydrogen 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															0.65	0.03	0.01	0.02	-3.05

Competitive Comparison of First Hydrogen's Debt-to-Equity

For the Auto Manufacturers subindustry, First Hydrogen'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.

First Hydrogen's Debt-to-Equity Distribution in the Vehicles & Parts Industry

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

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

First Hydrogen Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

First Hydrogen's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(0.021	+	0)	/	0.743
	=	0.03

First Hydrogen'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
	=	(0.021	+	1.459)	/	-0.485
	=	-3.05

First Hydrogen (STU:FIT) 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.

First Hydrogen Debt-to-Equity Related Terms

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First Hydrogen (STU:FIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » First Hydrogen Corp (STU:FIT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

FHYDF:USA FHYD:Canada

Address

755 Burrard Street, Suite 440, Vancouver, BC, CAN, V6Z 1X6

Website

https://www.firsthydrogen.com

First Hydrogen Corp is a Vancouver Canada and London UK-based company focused on zero emission vehicles, green hydrogen production, and distribution and supercritical carbon dioxide extractor systems in in UK, EU, and North America.