Maxim Power (Maxim Power) Debt-to-Equity : 0.26 (As of Mar. 2024)

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What is Maxim Power Debt-to-Equity?

Maxim Power's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $4.75 Mil. Maxim Power's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $55.01 Mil. Maxim Power's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $227.43 Mil. Maxim Power's debt to equity for the quarter that ended in Mar. 2024 was 0.26.

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

MXGFF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.29 Max: 0.48
Current: 0.26

During the past 13 years, the highest Debt-to-Equity Ratio of Maxim Power was 0.48. The lowest was 0.00. And the median was 0.29.

MXGFF's Debt-to-Equity is ranked better than
79.8% of 391 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.79 vs MXGFF: 0.26

Maxim Power Debt-to-Equity Historical Data

The historical data trend for Maxim Power'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.

Maxim Power Debt-to-Equity Chart

Maxim Power Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.35

0.45

0.24

0.31

0.27

Maxim Power Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.30	0.29	0.29	0.27	0.26

Competitive Comparison of Maxim Power's Debt-to-Equity

For the Utilities - Independent Power Producers subindustry, Maxim Power'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.

Maxim Power's Debt-to-Equity Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Maxim Power's Debt-to-Equity distribution charts can be found below:

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

Maxim Power Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Maxim Power'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
	=	(3.599	+	57.011)	/	221.933
	=	0.27

Maxim Power's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(4.748	+	55.008)	/	227.431
	=	0.26

Maxim Power (OTCPK:MXGFF) 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.

Maxim Power Debt-to-Equity Related Terms

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Maxim Power (Maxim Power) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Maxim Power Corp (OTCPK:MXGFF) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

MXG:Canada

Address

715-5 Avenue Southwest, Suite 1800, Calgary, AB, CAN, T2P 2X6

Website

https://www.maximpowercorp.com

Maxim Power Corp is an independent power producer. It is focused entirely on power projects in Alberta. Its core asset is the 204MW H.R. Milner Plant, M2, in Grande Cache, AB, a state-of-the-art natural gas-fired power plant that went online in Q2, 2020. The company is increasing the capacity of M2 to approximately 300 MW and concurrently will realize an improvement in the efficiency of the plant by investing in heat recovery combined cycle technology. Further, MAXIM continues to explore further development options in Alberta, including its gas-fired generation projects and its wind power generation project.