Midwest Energy Emissions (TSXV:MEEC) Debt-to-Equity : 0.41 (As of Mar. 2024)

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What is Midwest Energy Emissions Debt-to-Equity?

Midwest Energy Emissions's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$4.33 Mil. Midwest Energy Emissions's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.19 Mil. Midwest Energy Emissions's Total Stockholders Equity for the quarter that ended in Mar. 2024 was C$11.18 Mil. Midwest Energy Emissions's debt to equity for the quarter that ended in Mar. 2024 was 0.40.

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 Midwest Energy Emissions's Debt-to-Equity or its related term are showing as below:

TSXV:MEEC' s Debt-to-Equity Range Over the Past 10 Years
Min: -14.34 Med: -1.3 Max: 0.41
Current: 0.41

During the past 13 years, the highest Debt-to-Equity Ratio of Midwest Energy Emissions was 0.41. The lowest was -14.34. And the median was -1.30.

TSXV:MEEC's Debt-to-Equity is ranked worse than
60.72% of 2617 companies
in the Industrial Products industry
Industry Median: 0.29 vs TSXV:MEEC: 0.41

Midwest Energy Emissions Debt-to-Equity Historical Data

The historical data trend for Midwest Energy Emissions'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.

Midwest Energy Emissions Debt-to-Equity Chart

Midwest Energy Emissions Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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-1.51

-1.17

-1.23

-1.34

-14.35

Midwest Energy Emissions Quarterly Data
	Jun19	Sep19	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															-1.21	-1.16	-1.11	-14.35	0.41

Competitive Comparison of Midwest Energy Emissions's Debt-to-Equity

For the Pollution & Treatment Controls subindustry, Midwest Energy Emissions'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.

Midwest Energy Emissions's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Midwest Energy Emissions's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Midwest Energy Emissions's Debt-to-Equity falls into.

Midwest Energy Emissions Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Midwest Energy Emissions'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
	=	(0.015	+	15.051)	/	-1.05
	=	-14.35

Midwest Energy Emissions'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
	=	(4.334	+	0.188)	/	11.175
	=	0.40

Midwest Energy Emissions (TSXV:MEEC) 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.

Midwest Energy Emissions Debt-to-Equity Related Terms

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

Midwest Energy Emissions (TSXV:MEEC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Midwest Energy Emissions Corp (TSXV:MEEC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

MEEC:USA

Address

1810 Jester Drive, Corsicana, TX, USA, 75109

Website

https://www.me2cenvironmental.com

Midwest Energy Emissions Corp. is an environmental services company. The company specializes in mercury emission control technologies, primarily for utility and industrial coal-fired units. It aims to deliver cost-effective mercury capture technologies to coal-fired power plants in the United States, Europe, and Asia. The group develops and deploys technologies to remove mercury emissions from coal-fired power plants. The company's products include Oxidizers, sorbents, and Scrubber Additive SA2. Geographically, all the activities function through the region of the United States and it achieves revenues from product sales, equipment sales, and demonstration and consulting services.