Elcora Advanced Materials (TSXV:ERA) Debt-to-Equity : -1.78 (As of Dec. 2023)

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What is Elcora Advanced Materials Debt-to-Equity?

Elcora Advanced Materials's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.48 Mil. Elcora Advanced Materials's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.62 Mil. Elcora Advanced Materials's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$-0.62 Mil. Elcora Advanced Materials's debt to equity for the quarter that ended in Dec. 2023 was -1.78.

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 Elcora Advanced Materials's Debt-to-Equity or its related term are showing as below:

TSXV:ERA' s Debt-to-Equity Range Over the Past 10 Years
Min: -68.92 Med: -0.43 Max: 7.58
Current: -1.78

During the past 12 years, the highest Debt-to-Equity Ratio of Elcora Advanced Materials was 7.58. The lowest was -68.92. And the median was -0.43.

TSXV:ERA's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.13 vs TSXV:ERA: -1.78

Elcora Advanced Materials Debt-to-Equity Historical Data

The historical data trend for Elcora Advanced Materials'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.

Elcora Advanced Materials Debt-to-Equity Chart

Elcora Advanced Materials Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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-1.08

-0.45

-0.57

-6.20

-2.93

Elcora Advanced Materials 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															-68.92	-2.93	-2.42	-1.93	-1.78

Competitive Comparison of Elcora Advanced Materials's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Elcora Advanced Materials'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.

Elcora Advanced Materials's Debt-to-Equity Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Elcora Advanced Materials's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Elcora Advanced Materials's Debt-to-Equity falls into.

Elcora Advanced Materials Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Elcora Advanced Materials'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
	=	(0.257	+	0.683)	/	-0.321
	=	-2.93

Elcora Advanced Materials'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
	=	(0.48	+	0.624)	/	-0.621
	=	-1.78

Elcora Advanced Materials (TSXV:ERA) 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.

Elcora Advanced Materials Debt-to-Equity Related Terms

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Elcora Advanced Materials (TSXV:ERA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Elcora Advanced Materials Corp (TSXV:ERA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

ECORF:USA ELM:Germany

Address

111 Ahmadi Crescent, Bedford, Halifax, NS, CAN, B4E 4E5

Website

https://www.elcoracorp.com

Elcora Advanced Materials Corp is a vertically integrated graphite and graphene company. The company mines, processes, refines graphite and produces both graphene and end graphene applications. Its products include EL-I-C6 Graphite and Anode Powders; EL-2D Few-Layer Graphene; EL-MG/5 Micro Graphite and EL-NP Graphite Nano-Platelets. The company's operating segment includes the development of graphite mineral properties and graphene-related research and development activities.

Executives

Denis Choquette

Director