Perma-Pipe International Holdings (Perma-Pipe International Holdings) Debt-to-Equity

: 0.65 (As of Oct. 2023)

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Perma-Pipe International Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was $14.8 Mil. Perma-Pipe International Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was $22.2 Mil. Perma-Pipe International Holdings's Total Stockholders Equity for the quarter that ended in Oct. 2023 was $57.0 Mil. Perma-Pipe International Holdings's debt to equity for the quarter that ended in Oct. 2023 was 0.65.

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 Perma-Pipe International Holdings's Debt-to-Equity or its related term are showing as below:

PPIH' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.19 Med: 0.46 Max: 0.74
Current: 0.65

During the past 13 years, the highest Debt-to-Equity Ratio of Perma-Pipe International Holdings was 0.74. The lowest was 0.19. And the median was 0.46.

PPIH's Debt-to-Equity is ranked worse than
61.88% of 1503 companies
in the Construction industry
Industry Median: 0.43 vs PPIH: 0.65

Perma-Pipe International Holdings Debt-to-Equity Historical Data

The historical data trend for Perma-Pipe International Holdings'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.

Perma-Pipe International Holdings Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Debt-to-Equity

0.32

0.52

0.56

0.63

0.51

Perma-Pipe International Holdings Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Debt-to-Equity																0.65	0.51	0.57	0.65	0.65

Competitive Comparison

For the Building Products & Equipment subindustry, Perma-Pipe International Holdings'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.

Perma-Pipe International Holdings Debt-to-Equity Distribution

For the Construction industry and Industrials sector, Perma-Pipe International Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Perma-Pipe International Holdings's Debt-to-Equity falls into.

Perma-Pipe International Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Perma-Pipe International Holdings's Debt to Equity Ratio for the fiscal year that ended in Jan. 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
	=	(11.526	+	17.856)	/	57.784
	=	0.51

Perma-Pipe International Holdings's Debt to Equity Ratio for the quarter that ended in Oct. 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
	=	(14.754	+	22.168)	/	56.973
	=	0.65

Perma-Pipe International Holdings (NAS:PPIH) 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.

Perma-Pipe International Holdings Debt-to-Equity Related Terms

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Perma-Pipe International Holdings (Perma-Pipe International Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Perma-Pipe International Holdings Inc (NAS:PPIH) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

24900 Pitkin Road, Suite 309, Spring, TX, USA, 77386

Website

https://www.permapipe.com

Perma-Pipe International Holdings Inc is engaged in the manufacture and sale of products in the reportable segment of Piping Systems. The company engineers, designs, manufactures and sells specialty piping systems and leak detection systems. Specialty piping systems include insulated and jacketed district heating and cooling piping systems for efficient energy distribution from central energy plants to multiple locations, primary and secondary containment piping systems for transporting chemicals, hazardous fluids and petroleum products, and the coating and insulation of oil and gas gathering and transmission pipelines. It operates in the United States, Canada, Middle East, Europe, India and other countries.

Executives

David B Brown	director	9870 PLANO ROAD, DALLAS TX 75238
Cynthia Boiter	director	6410 W. HOWARD STREET, NILES IL 60714
Jerome T. Walker	director	10205 WESTHEIMER, SUITE 1000, HOUSTON TX 77042
Robert Joseph Mcnally	director	625 LIBERTY AVENUE, SUITE 1700, C/O EQT CORPORATION, PITTSBURGH PA 15222
Matthew Earl Lewicki	officer: Chief Accounting Officer	20719 KINGS CROWN CT, HUMBLE TX 77346
David S Barrie	director	2409 BOXWOOD LANE, FERNANDINA BEACH FL 32034
Grant Dewbre	officer: Chief Operating Officer	6410 WEST HOWARD STREET, NILES IL 60714
D Bryan Norwood	officer: Vice President, CFO	6410 W HOWARD STREET, NILES IL 60714
Mark A Zorko	director	9265 FAWN LAKE DR, RALEIGH NC 27617
Karl J Schmidt	officer: CFO and VP	6410 W. HOWARD STREET, NILES IL 60714-3491
Wayne Bosch	officer: VP of HR	41 PORTSHIRE DRIVE, LINCOLNSHIRE IL 60069
David J Mansfield	officer: President and CEO	119 WIND RIDGE CIRCLE, THE WOODLANDS TX 77381
Gerald P Oconnor	officer: Interim CFO,Principal Accntng	P O BOX 3014, NAPERVILLE IL 60566-7014
Michael J Gade	director	5501 HEADQUARTERS DRIVE, PLANO TX 75024
John Mark Foster	officer: Subsidiary President	7720 N. LEHIGH AVENUE, NILES IL 60714