Logistec (Logistec) Debt-to-Equity : 1.63 (As of Sep. 2023)

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What is Logistec Debt-to-Equity?

Logistec's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $26.3 Mil. Logistec's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $408.0 Mil. Logistec's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $266.8 Mil. Logistec's debt to equity for the quarter that ended in Sep. 2023 was 1.63.

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

LTKBF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.84 Max: 1.63
Current: 1.63

During the past 13 years, the highest Debt-to-Equity Ratio of Logistec was 1.63. The lowest was 0.04. And the median was 0.84.

LTKBF's Debt-to-Equity is not ranked
in the Transportation industry.
Industry Median: 0.545 vs LTKBF: 1.63

Logistec Debt-to-Equity Historical Data

The historical data trend for Logistec'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.

Logistec Debt-to-Equity Chart

Logistec Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.68

0.96

1.01

1.10

1.14

Logistec Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															1.25	1.14	1.13	1.57	1.63

Competitive Comparison of Logistec's Debt-to-Equity

For the Marine Shipping subindustry, Logistec'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.

Logistec's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Logistec's Debt-to-Equity distribution charts can be found below:

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

Logistec Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Logistec's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(21.779	+	280.905)	/	264.621
	=	1.14

Logistec's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(26.304	+	407.957)	/	266.793
	=	1.63

Logistec (OTCPK:LTKBF) 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.

Logistec Debt-to-Equity Related Terms

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Logistec (Logistec) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Logistec Corp (OTCPK:LTKBF) » Definitions » Debt-to-Equity

Traded in Other Exchanges

LGT.B:Canada LGT.A:Canada

Address

600 De La Gauchetiere Street West, 14th Floor, Montreal, QC, CAN, H3B 4L2

Website

https://www.logistec.com

Logistec Corp provides specialized cargo handling and other services to a wide variety of marine, industrial and municipal customers. It has cargo handling facilities in ports across North America and offers marine agency services to foreign shipowners and operators serving the Canadian market. The company is widely diversified on the basis of cargo type and port location with a balance between import and export activities. The company is organized and operate in two industry segments: Marine services, and Environmental services. The Marine Services Segment which is the key revenue-generating segment provides cargo handling and other services to marine and industrial customers. It has a business presence in Canada and the US.