CleanCore Solutions (CleanCore Solutions) Debt-to-Equity : 3.21 (As of Dec. 2023)

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What is CleanCore Solutions Debt-to-Equity?

CleanCore Solutions's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $3.09 Mil. CleanCore Solutions's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.35 Mil. CleanCore Solutions's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $1.07 Mil. CleanCore Solutions's debt to equity for the quarter that ended in Dec. 2023 was 3.21.

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 CleanCore Solutions's Debt-to-Equity or its related term are showing as below:

ZONE' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.54 Med: 1.99 Max: 3.21
Current: 3.21

During the past 3 years, the highest Debt-to-Equity Ratio of CleanCore Solutions was 3.21. The lowest was 1.54. And the median was 1.99.

ZONE's Debt-to-Equity is ranked worse than
98.02% of 2629 companies
in the Industrial Products industry
Industry Median: 0.29 vs ZONE: 3.21

CleanCore Solutions Debt-to-Equity Historical Data

The historical data trend for CleanCore Solutions'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.

CleanCore Solutions Debt-to-Equity Chart

CleanCore Solutions Annual Data

Trend

Jun21

Jun22

Jun23

Debt-to-Equity

1.99

CleanCore Solutions Quarterly Data
	Jun21	Mar22	Jun22	Oct22	Mar23	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial			-	N/A	1.54	1.99	3.21

Competitive Comparison of CleanCore Solutions's Debt-to-Equity

For the Pollution & Treatment Controls subindustry, CleanCore Solutions'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.

CleanCore Solutions's Debt-to-Equity Distribution in the Industrial Products Industry

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

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

CleanCore Solutions Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

CleanCore Solutions'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
	=	(3.083	+	0.399)	/	1.746
	=	1.99

CleanCore Solutions'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
	=	(3.092	+	0.352)	/	1.072
	=	3.21

CleanCore Solutions (AMEX:ZONE) 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.

CleanCore Solutions Debt-to-Equity Related Terms

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CleanCore Solutions (CleanCore Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » CleanCore Solutions Inc (AMEX:ZONE) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

5920 South 118th Circle, Suite 2, Omaha, NE, USA, 68137

Website

https://www.cleancoresol.com

CleanCore Solutions Inc engages in the development and manufacturing of cleaning products that produce pure aqueous ozone for professional, industrial, or home use. The firm has a patented nanobubble technology using aqueous ozone that is effective in cleaning, sanitizing, and deodorizing surfaces and high-touch areas. The company offers products and solutions that are marketed for janitorial and sanitation, ice machine cleaning, laundry, and industrial industries. Its products are used in many types of environments including retail establishments, distribution centers, factories, warehouses, restaurants, schools and universities, airports, healthcare, food service, and commercial buildings such as offices, malls, and stores.

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