E Automotive (TSX:EINC) Debt-to-Equity

: 0.14 (As of Mar. 2023)

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E Automotive's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was C$5.6 Mil. E Automotive's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was C$13.5 Mil. E Automotive's Total Stockholders Equity for the quarter that ended in Mar. 2023 was C$140.9 Mil. E Automotive's debt to equity for the quarter that ended in Mar. 2023 was 0.14.

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

TSX:EINC's Debt-to-Equity is not ranked ^*
in the Vehicles & Parts industry.
Industry Median: 0.48
* Ranked among companies with meaningful Debt-to-Equity only.

E Automotive Debt-to-Equity Historical Data

The historical data trend for E Automotive'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.

E Automotive Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

N/A

0.23

0.11

0.08

0.12

E Automotive Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Debt-to-Equity	Get a 7-Day Free Trial									0.09	0.13	0.13	0.12	0.14

Competitive Comparison

For the Auto & Truck Dealerships subindustry, E Automotive'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.

E Automotive Debt-to-Equity Distribution

For the Vehicles & Parts industry and Consumer Cyclical sector, E Automotive's Debt-to-Equity distribution charts can be found below:

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

E Automotive Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

E Automotive'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
	=	(5.132	+	12.25)	/	150.788
	=	0.12

E Automotive's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(5.561	+	13.541)	/	140.89
	=	0.14

E Automotive (TSX:EINC) 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.

E Automotive Debt-to-Equity Related Terms

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E Automotive (TSX:EINC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » E Automotive Inc (TSX:EINC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

EICCF:USA

Address

10 Lower Spadina Avenue, Suite 400 and Suite 500, Toronto, ON, CAN, M5V 2Z2

Website

https://www.e.inc

E Automotive Inc is engaged in providing digital automotive dealer solutions. Its digital car auction platform focuses on providing a marketplace that enables automotive dealers to transact with each other more effectively. It operates in a single segment, which is marketplace services, inventory retailing software, and digital advertisement. Revenue is generated in the form of Auction fees, Ancillary services, Subscription fees, and Advertising. The company's geographical segments are Canada and the United States, of which the majority of its revenue comes from Canada.

E Automotive (TSX:EINC) Debt-to-Equity

E Automotive Debt-to-Equity Historical Data

E Automotive Debt-to-Equity Calculation

E Automotive Debt-to-Equity Related Terms

E Automotive (TSX:EINC) Business Description

E Automotive (TSX:EINC) Headlines