Synex Renewable Energy (TSX:SXI) Debt-to-Equity : 3.93 (As of Dec. 2023)

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What is Synex Renewable Energy Debt-to-Equity?

Synex Renewable Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.79 Mil. Synex Renewable Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$12.79 Mil. Synex Renewable Energy's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$3.45 Mil. Synex Renewable Energy's debt to equity for the quarter that ended in Dec. 2023 was 3.93.

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

TSX:SXI' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.66 Med: 1.39 Max: 5.11
Current: 3.93

During the past 13 years, the highest Debt-to-Equity Ratio of Synex Renewable Energy was 5.11. The lowest was 0.66. And the median was 1.39.

TSX:SXI's Debt-to-Equity is ranked worse than
93.83% of 389 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.8 vs TSX:SXI: 3.93

Synex Renewable Energy Debt-to-Equity Historical Data

The historical data trend for Synex Renewable 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.

Synex Renewable Energy Debt-to-Equity Chart

Synex Renewable Energy Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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2.35

2.27

3.04

3.21

3.93

Synex Renewable Energy 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															4.25	4.21	3.93	5.11	3.93

Competitive Comparison of Synex Renewable Energy's Debt-to-Equity

For the Utilities - Renewable subindustry, Synex Renewable 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.

Synex Renewable Energy's Debt-to-Equity Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Synex Renewable Energy's Debt-to-Equity distribution charts can be found below:

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

Synex Renewable Energy Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Synex Renewable Energy's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(0.635	+	13.08)	/	3.493
	=	3.93

Synex Renewable 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
	=	(0.785	+	12.794)	/	3.453
	=	3.93

Synex Renewable Energy (TSX:SXI) 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.

Synex Renewable Energy Debt-to-Equity Related Terms

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Synex Renewable Energy (TSX:SXI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Synex Renewable Energy Corp (TSX:SXI) » Definitions » Debt-to-Equity

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V5X:Germany

Address

4248 Broughton Avenue, Niagara Falls, ON, CAN, L2E 0A4

Website

https://www.synex.com

Synex Renewable Energy Corp is engaged in the development, ownership, and operation of electric power facilities and the provision of consulting engineering and environmental services in water resources, particularly hydroelectric facilities. Its projects include Barr Creek Hydro Plant, Mears Creek Hydro Project, Cypress Creek Hydro Project, and Sea Breeze products among others.