Indigo Books & Music (TSX:IDG) Debt-to-Equity : -7.73 (As of Dec. 2023)

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What is Indigo Books & Music Debt-to-Equity?

Indigo Books & Music's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$69.7 Mil. Indigo Books & Music's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$402.8 Mil. Indigo Books & Music's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$-61.1 Mil. Indigo Books & Music's debt to equity for the quarter that ended in Dec. 2023 was -7.73.

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 Indigo Books & Music's Debt-to-Equity or its related term are showing as below:

TSX:IDG' s Debt-to-Equity Range Over the Past 10 Years
Min: -68.78 Med: 2.43 Max: 493.96
Current: -7.73

During the past 13 years, the highest Debt-to-Equity Ratio of Indigo Books & Music was 493.96. The lowest was -68.78. And the median was 2.43.

TSX:IDG's Debt-to-Equity is not ranked
in the Retail - Cyclical industry.
Industry Median: 0.64 vs TSX:IDG: -7.73

Indigo Books & Music Debt-to-Equity Historical Data

The historical data trend for Indigo Books & Music'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.

Indigo Books & Music Debt-to-Equity Chart

Indigo Books & Music Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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6.77

24.37

18.59

-24.90

Indigo Books & Music 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	Get a 7-Day Free Trial															20.93	-24.90	-10.10	-7.40	-7.73

Competitive Comparison of Indigo Books & Music's Debt-to-Equity

For the Specialty Retail subindustry, Indigo Books & Music'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.

Indigo Books & Music's Debt-to-Equity Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Indigo Books & Music's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Indigo Books & Music's Debt-to-Equity falls into.

Indigo Books & Music Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Indigo Books & Music's Debt to Equity Ratio for the fiscal year 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
	=	(69.161	+	428.284)	/	-19.977
	=	-24.90

Indigo Books & Music'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
	=	(69.737	+	402.815)	/	-61.11
	=	-7.73

Indigo Books & Music (TSX:IDG) 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.

Indigo Books & Music Debt-to-Equity Related Terms

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Indigo Books & Music (TSX:IDG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Indigo Books & Music Inc (TSX:IDG) » Definitions » Debt-to-Equity

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IDGBF:USA

Address

620 King Street West, Suite 400, Toronto, ON, CAN, M5V 1M6

Website

https://www.chapters.indigo.ca

Indigo Books & Music Inc is a Canada-based book, gift, and toy retailer. It operates a chain of retail bookstores across all Canada, including approximately 87 superstores under Indigo and Chapters banners names as well as over 80 small format stores under the banners Coles, Indigospirit, SmithBooks, and The Book company. Its digital platforms sell expanded selection of books, gifts, toys, and paper products. It also has interest in Calendar Club of Canada, which operates seasonal kiosks and year-round stores in shopping malls across Canada. The company generates its revenue from Superstores, Small format stores, Online, and Others.

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