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SIQ Mountain Industries (TSXV:SIQ.H) Debt-to-Equity : 0.00 (As of Feb. 2024)


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What is SIQ Mountain Industries Debt-to-Equity?

SIQ Mountain Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$0.00 Mil. SIQ Mountain Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$0.00 Mil. SIQ Mountain Industries's Total Stockholders Equity for the quarter that ended in Feb. 2024 was C$0.06 Mil. SIQ Mountain Industries's debt to equity for the quarter that ended in Feb. 2024 was 0.00.

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

During the past 7 years, the highest Debt-to-Equity Ratio of SIQ Mountain Industries was 0.03. The lowest was 0.03. And the median was 0.03.

TSXV:SIQ.H's Debt-to-Equity is not ranked *
in the Conglomerates industry.
Industry Median: 0.55
* Ranked among companies with meaningful Debt-to-Equity only.

SIQ Mountain Industries Debt-to-Equity Historical Data

The historical data trend for SIQ Mountain 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.

SIQ Mountain Industries Debt-to-Equity Chart

SIQ Mountain Industries Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22
Debt-to-Equity
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SIQ Mountain Industries Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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Competitive Comparison of SIQ Mountain Industries's Debt-to-Equity

For the Conglomerates subindustry, SIQ Mountain 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.

SIQ Mountain Industries's Debt-to-Equity Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, SIQ Mountain Industries's Debt-to-Equity distribution charts can be found below:

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


SIQ Mountain Industries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

SIQ Mountain Industries's Debt to Equity Ratio for the fiscal year that ended in Aug. 2022 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 + 0) / -0.082
=0.00

SIQ Mountain 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
=(0 + 0) / 0.059
=0.00

* 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.

SIQ Mountain Industries  (TSXV:SIQ.H) 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.

SIQ Mountain Industries Debt-to-Equity Related Terms

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

SIQ Mountain Industries (TSXV:SIQ.H) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » SIQ Mountain Industries Inc (TSXV:SIQ.H) » Definitions » Debt-to-Equity
Comparable Companies
TSXV:SN.H ADX:IHC HON TSE:8058 TSE:6501 TSE:8031 TSE:8001 MMM ADX:ALPHADHABI HKSE:00267 TSE:8002 TSE:8053 TSE:4901 HKSE:00001 TSE:8015 TSE:6971 BSP:ITSA3 GCARSOA1 TSE:6502 MIL:PST
Traded in Other Exchanges
N/A
Address
13966 18B Avenue, South Surrey, BC, CAN, V4A 8J1
Website
http://www.siqmountain.com
SIQ Mountain Industries Inc is an early stage development organization focused on the design, engineering, marketing, production and distribution of various proprietary outdoor sports entertainment products. The company offers equipment, apparels accessories which include SiQride, efoil, hoodies, SiQ logo stickers among others.

SIQ Mountain Industries (TSXV:SIQ.H) Headlines

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