Eonx Technologies (XCNQ:EONX) Debt-to-Equity : -0.58 (As of Dec. 2023)

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What is Eonx Technologies Debt-to-Equity?

Eonx Technologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.10 Mil. Eonx Technologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$6.93 Mil. Eonx Technologies's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$-12.14 Mil. Eonx Technologies's debt to equity for the quarter that ended in Dec. 2023 was -0.58.

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

XCNQ:EONX' s Debt-to-Equity Range Over the Past 10 Years
Min: -3.04 Med: -1.29 Max: -0.58
Current: -0.58

During the past 4 years, the highest Debt-to-Equity Ratio of Eonx Technologies was -0.58. The lowest was -3.04. And the median was -1.29.

XCNQ:EONX's Debt-to-Equity is not ranked
in the Software industry.
Industry Median: 0.21 vs XCNQ:EONX: -0.58

Eonx Technologies Debt-to-Equity Historical Data

The historical data trend for Eonx 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.

Eonx Technologies Debt-to-Equity Chart

Eonx Technologies Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

-2.21

-2.06

-1.29

-0.95

Eonx Technologies Quarterly Data
	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											-1.52	-1.13	-0.95	-0.74	-0.58

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

For the Software - Infrastructure subindustry, Eonx 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.

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

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

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

Eonx Technologies Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Eonx Technologies's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(1.424	+	6.237)	/	-8.098
	=	-0.95

Eonx 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
	=	(0.099	+	6.933)	/	-12.139
	=	-0.58

Eonx Technologies (XCNQ:EONX) 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.

Eonx Technologies Debt-to-Equity Related Terms

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

Eonx Technologies (XCNQ:EONX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Eonx Technologies Inc (XCNQ:EONX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1183 Toorak Road, Camberwell, VIC, AUS, 3124

Website

https://www.eonx.com

Eonx Technologies Inc is a financial technology company. The company is engaged in developing and marketing a suite of financial technology products including the payment processor, e-wallets, identity and security for Know Your Customer (KYC) and Anti Money Laundering (AML), loyalty points solutions, and an e-commerce store.

Executives

Accelerative Investments Pty Ltd

Director

Eonx Technologies (XCNQ:EONX) Headlines

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