The Lion Electric Co (TSX:LEV) Debt-to-Equity : 0.95 (As of Dec. 2023)

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What is The Lion Electric Co Debt-to-Equity?

The Lion Electric Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$47.0 Mil. The Lion Electric Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$411.7 Mil. The Lion Electric Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$481.5 Mil. The Lion Electric Co's debt to equity for the quarter that ended in Dec. 2023 was 0.95.

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 The Lion Electric Co's Debt-to-Equity or its related term are showing as below:

TSX:LEV' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.86 Med: 0.3 Max: 0.95
Current: 0.95

During the past 5 years, the highest Debt-to-Equity Ratio of The Lion Electric Co was 0.95. The lowest was -0.86. And the median was 0.30.

TSX:LEV's Debt-to-Equity is ranked worse than
80.32% of 188 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 0.405 vs TSX:LEV: 0.95

The Lion Electric Co Debt-to-Equity Historical Data

The historical data trend for The Lion Electric Co'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.

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The Lion Electric Co Debt-to-Equity Chart

The Lion Electric Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

N/A

-0.86

0.20

0.40

0.95

The Lion Electric Co Quarterly Data
	Dec19	May20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial											0.40	0.46	0.56	0.72	0.95

Competitive Comparison of The Lion Electric Co's Debt-to-Equity

For the Farm & Heavy Construction Machinery subindustry, The Lion Electric Co'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.

The Lion Electric Co's Debt-to-Equity Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, The Lion Electric Co's Debt-to-Equity distribution charts can be found below:

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

The Lion Electric Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

The Lion Electric Co'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
	=	(47.011	+	411.726)	/	481.519
	=	0.95

The Lion Electric Co'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
	=	(47.011	+	411.726)	/	481.519
	=	0.95

The Lion Electric Co (TSX:LEV) 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.

The Lion Electric Co Debt-to-Equity Related Terms

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The Lion Electric Co (TSX:LEV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » The Lion Electric Co (TSX:LEV) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

LEV:USA 70U:Germany

Address

921 chemin de la Riviere-du-Nord, Saint-Jerome, QC, CAN, J7Y 5G2

Website

https://www.thelionelectric.com

The Lion Electric Co. includes designing, developing, manufacturing and distributing purpose-built all-electric medium and heavy-duty urban vehicles including battery systems, chassis, bus bodies and truck cabins. The Group also distributes truck and bus parts and accessories. The Group has one reportable operating segment, the manufacturing and sales of electric vehicles in Canada and in the United States. Geographically, the majority of revenue is generated from Canada.