ThreeD Capital (XCNQ:IDK) Debt-to-Equity : 0.01 (As of Dec. 2023)

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What is ThreeD Capital Debt-to-Equity?

ThreeD Capital's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil. ThreeD Capital's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.48 Mil. ThreeD Capital's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$42.79 Mil. ThreeD Capital's debt to equity for the quarter that ended in Dec. 2023 was 0.01.

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 ThreeD Capital's Debt-to-Equity or its related term are showing as below:

XCNQ:IDK' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 0.07
Current: 0.01

During the past 13 years, the highest Debt-to-Equity Ratio of ThreeD Capital was 0.07. The lowest was 0.00. And the median was 0.01.

XCNQ:IDK's Debt-to-Equity is ranked better than
99.9% of 1015 companies
in the Asset Management industry
Industry Median: 0.19 vs XCNQ:IDK: 0.01

ThreeD Capital Debt-to-Equity Historical Data

The historical data trend for ThreeD Capital'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.

ThreeD Capital Debt-to-Equity Chart

ThreeD Capital Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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0.03

0.01

ThreeD Capital 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															-	-	-	0.01	0.01

Competitive Comparison of ThreeD Capital's Debt-to-Equity

For the Asset Management subindustry, ThreeD Capital'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.

ThreeD Capital's Debt-to-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, ThreeD Capital's Debt-to-Equity distribution charts can be found below:

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

ThreeD Capital Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

ThreeD Capital'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
	=	(0	+	0.048)	/	39.692
	=	0.00

ThreeD Capital'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	+	0.478)	/	42.785
	=	0.01

ThreeD Capital (XCNQ:IDK) 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.

ThreeD Capital Debt-to-Equity Related Terms

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

ThreeD Capital (XCNQ:IDK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » ThreeD Capital Inc (XCNQ:IDK) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

IDKFF:USA

Address

130 Spadina Avenue, Suite 401, Toronto, ON, CAN, M5V 2L4

Website

https://www.threedcapital.com

ThreeD Capital Inc is a Canada-based venture capital firm. Principally, the company's operations relate to investing. It is focused on investments in companies in the junior resources, technology, and biotechnology markets.

Executives

Sheldon Inwentash

Director, Director or Senior Officer of 10% Security Holder, Senior Officer

ThreeD Capital (XCNQ:IDK) Headlines

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