Element Fleet Management (TSX:EFN.PR.G.PFD) Debt-to-Equity

: 2.76 (As of Dec. 2023)

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Element Fleet Management's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil. Element Fleet Management's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$10,772.15 Mil. Element Fleet Management's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$3,900.67 Mil. Element Fleet Management's debt to equity for the quarter that ended in Dec. 2023 was 2.76.

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 Element Fleet Management's Debt-to-Equity or its related term are showing as below:

TSX:EFN.PR.G.PFD' s Debt-to-Equity Range Over the Past 10 Years
Min: 2.38 Med: 3.06 Max: 3.56
Current: 2.76

During the past 13 years, the highest Debt-to-Equity Ratio of Element Fleet Management was 3.56. The lowest was 2.38. And the median was 3.06.

TSX:EFN.PR.G.PFD's Debt-to-Equity is ranked worse than
91.4% of 930 companies
in the Business Services industry
Industry Median: 0.395 vs TSX:EFN.PR.G.PFD: 2.76

Element Fleet Management Debt-to-Equity Historical Data

The historical data trend for Element Fleet Management'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.

Element Fleet Management Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

3.30

2.64

2.38

2.45

2.76

Element Fleet Management Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																2.45	2.49	2.62	2.67	2.76

Competitive Comparison

For the Rental & Leasing Services subindustry, Element Fleet Management'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.

Element Fleet Management Debt-to-Equity Distribution

For the Business Services industry and Industrials sector, Element Fleet Management's Debt-to-Equity distribution charts can be found below:

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

Element Fleet Management Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Element Fleet Management'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
	=	(0	+	10772.145)	/	3900.673
	=	2.76

Element Fleet Management'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
	=	(0	+	10772.145)	/	3900.673
	=	2.76

Element Fleet Management (TSX:EFN.PR.G.PFD) 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.

Element Fleet Management Debt-to-Equity Related Terms

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Element Fleet Management (TSX:EFN.PR.G.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Element Fleet Management Corp (TSX:EFN.PR.G.PFD) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

ELEEF:USA 61F:Germany EFN.PR.E.PFD:Canada EFN.PR.C.PFD:Canada EFN:Canada

Address

161 Bay Street, Suite 3600, Toronto, ON, CAN, M5J 2S1

Website

https://www.elementfleet.com

Element Fleet Management Corp is a fleet management company, providing services and financings for commercial vehicle and equipment fleets. The company operates in U.S., Canada, Mexico, Australia, and New Zealand.

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