Exro Technologies (TSX:EXRO) Debt-to-Equity

: 0.58 (As of Dec. 2023)

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Exro Technologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$1.56 Mil. Exro Technologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$17.39 Mil. Exro Technologies's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$32.57 Mil. Exro Technologies's debt to equity for the quarter that ended in Dec. 2023 was 0.58.

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

TSX:EXRO' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.14 Max: 0.58
Current: 0.58

During the past 8 years, the highest Debt-to-Equity Ratio of Exro Technologies was 0.58. The lowest was 0.01. And the median was 0.14.

TSX:EXRO's Debt-to-Equity is ranked worse than
70.78% of 2618 companies
in the Industrial Products industry
Industry Median: 0.28 vs TSX:EXRO: 0.58

Exro Technologies Debt-to-Equity Historical Data

The historical data trend for Exro Technologies'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.

Exro Technologies Annual Data

Trend

Jan16

Jan17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.07

0.01

0.14

0.53

0.58

Exro Technologies 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																0.53	0.55	0.33	0.39	0.58

Competitive Comparison

For the Electrical Equipment & Parts subindustry, Exro Technologies'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.

Exro Technologies Debt-to-Equity Distribution

For the Industrial Products industry and Industrials sector, Exro Technologies's Debt-to-Equity distribution charts can be found below:

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

Exro Technologies Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Exro Technologies'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
	=	(1.555	+	17.387)	/	32.571
	=	0.58

Exro Technologies'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
	=	(1.555	+	17.387)	/	32.571
	=	0.58

Exro Technologies (TSX:EXRO) 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.

Exro Technologies Debt-to-Equity Related Terms

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Exro Technologies (TSX:EXRO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Exro Technologies Inc (TSX:EXRO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

EXROF:USA 1O2:Germany

Address

12 - 21 Highfield Circle SW, Calgary, AB, CAN, T2G 5N6

Website

https://www.exro.com

Exro Technologies Inc is a Canadian-based company commercializing patented technology designed to advance existing rotating electric machines. It is engaged in the production of electronics for electric motors and generators. The company serves car/truck, bus, generator, appliance, elevator, escalator, conveyor, ship drive, fan, pump, crane, HVAC, compressor, vacuum, train, industrial motor, wind turbine, and subway markets. The company is working towards commercialization and series production of its patented coil driver technology and proprietary system architecture for power electronics as well as its cell driver technology for stationary energy storage.

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