Earthworks Industries (TSXV:EWK) Debt-to-Equity : 0.15 (As of Feb. 2024)

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What is Earthworks Industries Debt-to-Equity?

Earthworks Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$1.02 Mil. Earthworks Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$0.00 Mil. Earthworks Industries's Total Stockholders Equity for the quarter that ended in Feb. 2024 was C$7.04 Mil. Earthworks Industries's debt to equity for the quarter that ended in Feb. 2024 was 0.15.

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 Earthworks Industries's Debt-to-Equity or its related term are showing as below:

TSXV:EWK' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.13 Med: 0.34 Max: 0.57
Current: 0.15

During the past 13 years, the highest Debt-to-Equity Ratio of Earthworks Industries was 0.57. The lowest was 0.13. And the median was 0.34.

TSXV:EWK's Debt-to-Equity is ranked better than
81.9% of 221 companies
in the Waste Management industry
Industry Median: 0.69 vs TSXV:EWK: 0.15

Earthworks Industries Debt-to-Equity Historical Data

The historical data trend for Earthworks Industries'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.

Earthworks Industries Debt-to-Equity Chart

Earthworks Industries Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Debt-to-Equity

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0.32

0.41

0.40

0.38

0.13

Earthworks Industries Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-Equity	Get a 7-Day Free Trial															0.46	0.36	0.41	0.13	0.15

Competitive Comparison of Earthworks Industries's Debt-to-Equity

For the Waste Management subindustry, Earthworks Industries'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.

Earthworks Industries's Debt-to-Equity Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Earthworks Industries's Debt-to-Equity distribution charts can be found below:

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

Earthworks Industries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Earthworks Industries's Debt to Equity Ratio for the fiscal year that ended in Nov. 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
	=	(0.295	+	0.711)	/	7.608
	=	0.13

Earthworks Industries's Debt to Equity Ratio for the quarter that ended in Feb. 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
	=	(1.023	+	0)	/	7.035
	=	0.15

Earthworks Industries (TSXV:EWK) 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.

Earthworks Industries Debt-to-Equity Related Terms

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

Earthworks Industries (TSXV:EWK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Earthworks Industries Inc (TSXV:EWK) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

EAATF:USA

Address

800 West Pender Street, Suite 615, Vancouver, BC, CAN, V6C 2V6

Website

https://www.earthworksinc.com

Earthworks Industries Inc is engaged in waste disposal. The company project includes Cortina Integrated Waste Management Project. Its geographical segments include Canada and the United States.

Earthworks Industries (TSXV:EWK) Headlines

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