Memex (MENXF) Debt-to-Equity : -0.74 (As of Jun. 2023)

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What is Memex Debt-to-Equity?

Memex's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.28 Mil. Memex's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.49 Mil. Memex's Total Stockholders Equity for the quarter that ended in Jun. 2023 was $-1.06 Mil. Memex's debt to equity for the quarter that ended in Jun. 2023 was -0.74.

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

MENXF' s Debt-to-Equity Range Over the Past 10 Years
Min: -9.6 Med: 0.14 Max: 7.67
Current: -0.74

During the past 11 years, the highest Debt-to-Equity Ratio of Memex was 7.67. The lowest was -9.60. And the median was 0.14.

MENXF's Debt-to-Equity is not ranked
in the Software industry.
Industry Median: 0.21 vs MENXF: -0.74

Memex Debt-to-Equity Historical Data

The historical data trend for Memex'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.

Memex Debt-to-Equity Chart

Memex Annual Data

Trend

Aug13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Debt-to-Equity

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1.75

-2.91

-1.40

-1.56

-0.88

Memex Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Debt-to-Equity	Get a 7-Day Free Trial															-0.96	-0.88	-0.84	-0.75	-0.74

Competitive Comparison of Memex's Debt-to-Equity

For the Software - Application subindustry, Memex'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.

Memex's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, Memex's Debt-to-Equity distribution charts can be found below:

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

Memex Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Memex's Debt to Equity Ratio for the fiscal year that ended in Sep. 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
	=	(0.347	+	0.512)	/	-0.981
	=	-0.88

Memex's Debt to Equity Ratio for the quarter 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
	=	(0.284	+	0.494)	/	-1.056
	=	-0.74

Memex (OTCPK:MENXF) 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.

Memex Debt-to-Equity Related Terms

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

Memex (MENXF) Business Description

Industry

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OEE:Canada

Address

880 Laurentian Drive, Unit 2, Burlington, ON, CAN, L7N 3V6

Website

https://www.memex.ca

Memex Inc is a technology-based company. It develops, commercializes, and manufactures a suite of products for its customers in the discrete manufacturing and aerospace sectors worldwide. It's flagship product MERLIN is a software-driven IIoT communications platform that provides manufacturing analytics in real-time. MERLIN connects to any machine, old or new, utilizing native MTConnect or hardware adapters for older machines. The company derives a majority of its revenue from Software licensing. Geographically, it generates maximum revenue from the United States and also has a presence in Mexico and Other Countries.