Loop Energy (TSX:LPEN) Debt-to-Equity : 1.52 (As of Dec. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Loop Energy Debt-to-Equity?

Loop Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$1.34 Mil. Loop Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$8.32 Mil. Loop Energy's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$6.37 Mil. Loop Energy's debt to equity for the quarter that ended in Dec. 2023 was 1.52.

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 Loop Energy's Debt-to-Equity or its related term are showing as below:

TSX:LPEN' s Debt-to-Equity Range Over the Past 10 Years
Min: -5.66 Med: 0.12 Max: 7.38
Current: 1.52

During the past 7 years, the highest Debt-to-Equity Ratio of Loop Energy was 7.38. The lowest was -5.66. And the median was 0.12.

TSX:LPEN's Debt-to-Equity is ranked worse than
93.39% of 2619 companies
in the Industrial Products industry
Industry Median: 0.28 vs TSX:LPEN: 1.52

Loop Energy Debt-to-Equity Historical Data

The historical data trend for Loop Energy'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.

Loop Energy Debt-to-Equity Chart

Loop Energy Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

-5.66

7.38

0.03

0.20

1.52

Loop Energy Quarterly Data
	Dec17	Dec18	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															0.20	0.24	0.40	0.97	1.52

Competitive Comparison of Loop Energy's Debt-to-Equity

For the Electrical Equipment & Parts subindustry, Loop Energy'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.

Loop Energy's Debt-to-Equity Distribution in the Industrial Products Industry

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

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

Loop Energy Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Loop Energy'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
	=	(1.335	+	8.321)	/	6.365
	=	1.52

Loop Energy'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
	=	(1.335	+	8.321)	/	6.365
	=	1.52

Loop Energy (TSX:LPEN) 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.

Loop Energy Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Loop Energy's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Loop Energy (TSX:LPEN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Loop Energy Inc (TSX:LPEN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

LPENF:USA

Address

2880 Production Way, Burnaby, BC, CAN, V5A 4T6

Website

https://www.loopenergy.com

Loop Energy Inc is a developer, manufacturer, and supplier of hydrogen fuel cells to vehicle and power generation system manufacturers. It sells and services two categories of products: fuel cell stacks and fuel cell modules, which serve a variety of commercial applications including light commercial vehicles, transit buses, medium and heavy-duty trucks, marine, train, mining trucks, material handling vehicles, and stationary power.

Loop Energy (TSX:LPEN) Headlines

No Headlines