STEER Technologies (TSXV:STER) Debt-to-Equity : 6.13 (As of Dec. 2023)

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What is STEER Technologies Debt-to-Equity?

STEER Technologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$3.50 Mil. STEER Technologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$9.70 Mil. STEER Technologies's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$2.15 Mil. STEER Technologies's debt to equity for the quarter that ended in Dec. 2023 was 6.13.

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 STEER Technologies's Debt-to-Equity or its related term are showing as below:

TSXV:STER' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 1.11 Max: 45.07
Current: 6.13

During the past 6 years, the highest Debt-to-Equity Ratio of STEER Technologies was 45.07. The lowest was 0.04. And the median was 1.11.

TSXV:STER's Debt-to-Equity is ranked worse than
98.06% of 2222 companies
in the Software industry
Industry Median: 0.21 vs TSXV:STER: 6.13

STEER Technologies Debt-to-Equity Historical Data

The historical data trend for STEER Technologies'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.

STEER Technologies Debt-to-Equity Chart

STEER Technologies Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.04

0.53

1.11

45.07

6.13

STEER Technologies 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															45.07	0.57	0.62	0.72	6.13

Competitive Comparison of STEER Technologies's Debt-to-Equity

For the Software - Application subindustry, STEER Technologies'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.

STEER Technologies's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, STEER Technologies's Debt-to-Equity distribution charts can be found below:

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

STEER Technologies Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

STEER Technologies'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
	=	(3.497	+	9.696)	/	2.152
	=	6.13

STEER Technologies'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
	=	(3.497	+	9.696)	/	2.152
	=	6.13

STEER Technologies (TSXV:STER) 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.

STEER Technologies Debt-to-Equity Related Terms

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STEER Technologies (TSXV:STER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » STEER Technologies Inc (TSXV:STER) » Definitions » Debt-to-Equity

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STEEF:USA H1Y:Germany

Address

44 East Beaver Creek Road, Unit 16, Richmond Hill, ON, CAN, L4B 1G8

Website

https://www.steeresg.com

STEER Technologies Inc is an integrated ESG technology platform that moves people and delivers things through subscription and on-demand services. The company's goal is to build a one-of-a-kind system that aggregates conscientious users and enables them to buy, sell, or invest with the same platform. STEER offerings generally fall into two categories namely subscription-based offerings led by its flagship electric vehicle subscription business, STEER EV, and on-demand services incorporating B2B marketplace, Delivery-as-a-Service (DaaS), and rideshare businesses. The company's platform is powered by EcoCRED, it's analytics and machine learning engine which seeks to capture, analyze, parse, and report on key data points to measure the carbon impact.