Medexus Pharmaceuticals (TSX:MDP) Debt-to-Equity : 1.77 (As of Dec. 2023)

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What is Medexus Pharmaceuticals Debt-to-Equity?

Medexus Pharmaceuticals's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$20.2 Mil. Medexus Pharmaceuticals's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$49.9 Mil. Medexus Pharmaceuticals's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$39.7 Mil. Medexus Pharmaceuticals's debt to equity for the quarter that ended in Dec. 2023 was 1.77.

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 Medexus Pharmaceuticals's Debt-to-Equity or its related term are showing as below:

TSX:MDP' s Debt-to-Equity Range Over the Past 10 Years
Min: -4.12 Med: 1.59 Max: 11.74
Current: 1.77

During the past 12 years, the highest Debt-to-Equity Ratio of Medexus Pharmaceuticals was 11.74. The lowest was -4.12. And the median was 1.59.

TSX:MDP's Debt-to-Equity is ranked worse than
94.14% of 853 companies
in the Drug Manufacturers industry
Industry Median: 0.29 vs TSX:MDP: 1.77

Medexus Pharmaceuticals Debt-to-Equity Historical Data

The historical data trend for Medexus Pharmaceuticals'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.

Medexus Pharmaceuticals Debt-to-Equity Chart

Medexus Pharmaceuticals Annual Data

Trend

Dec13

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

Get a 7-Day Free Trial

0.63

1.60

2.49

3.08

3.12

Medexus Pharmaceuticals 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															4.26	3.12	3.21	3.32	1.77

Competitive Comparison of Medexus Pharmaceuticals's Debt-to-Equity

For the Drug Manufacturers - Specialty & Generic subindustry, Medexus Pharmaceuticals'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.

Medexus Pharmaceuticals's Debt-to-Equity Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Medexus Pharmaceuticals's Debt-to-Equity distribution charts can be found below:

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

Medexus Pharmaceuticals Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Medexus Pharmaceuticals'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
	=	(58.435	+	37.46)	/	30.716
	=	3.12

Medexus Pharmaceuticals'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
	=	(20.229	+	49.921)	/	39.66
	=	1.77

Medexus Pharmaceuticals (TSX:MDP) 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.

Medexus Pharmaceuticals Debt-to-Equity Related Terms

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Medexus Pharmaceuticals (TSX:MDP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Medexus Pharmaceuticals Inc (TSX:MDP) » Definitions » Debt-to-Equity

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MEDXF:USA P731:Germany

Address

35 Nixon Road, Suite 1, Bolton, ON, CAN, L7E 1K1

Website

https://www.medexus.com

Medexus Pharmaceuticals Inc is an innovative and rare disease pharmaceutical company with a strong North American commercial platform and a portfolio of proven best-in-class products. The company's focus is on the therapeutic areas of hematology, auto-immune diseases, and allergy.

Executives

Benoit Gravel

Director