BEACN Wizardry & Magic (TSXV:BECN) Debt-to-Equity : 0.11 (As of Sep. 2023)

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What is BEACN Wizardry & Magic Debt-to-Equity?

BEACN Wizardry & Magic's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$0.01 Mil. BEACN Wizardry & Magic's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$0.31 Mil. BEACN Wizardry & Magic's Total Stockholders Equity for the quarter that ended in Sep. 2023 was C$2.81 Mil. BEACN Wizardry & Magic's debt to equity for the quarter that ended in Sep. 2023 was 0.11.

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 BEACN Wizardry & Magic's Debt-to-Equity or its related term are showing as below:

TSXV:BECN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.11 Med: 0.18 Max: 0.27
Current: 0.11

During the past 3 years, the highest Debt-to-Equity Ratio of BEACN Wizardry & Magic was 0.27. The lowest was 0.11. And the median was 0.18.

TSXV:BECN's Debt-to-Equity is ranked better than
72.1% of 2197 companies
in the Hardware industry
Industry Median: 0.28 vs TSXV:BECN: 0.11

BEACN Wizardry & Magic Debt-to-Equity Historical Data

The historical data trend for BEACN Wizardry & Magic'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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BEACN Wizardry & Magic Debt-to-Equity Chart

BEACN Wizardry & Magic Annual Data

Trend

Dec20

Dec21

Dec22

Debt-to-Equity

1.74

0.19

0.14

BEACN Wizardry & Magic Quarterly Data
	Nov20	Feb21	May21	Aug21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial							0.20	0.14	0.16	0.27	0.11

Competitive Comparison of BEACN Wizardry & Magic's Debt-to-Equity

For the Consumer Electronics subindustry, BEACN Wizardry & Magic'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.

BEACN Wizardry & Magic's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, BEACN Wizardry & Magic's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where BEACN Wizardry & Magic's Debt-to-Equity falls into.

BEACN Wizardry & Magic Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

BEACN Wizardry & Magic's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(0.268	+	0.213)	/	3.555
	=	0.14

BEACN Wizardry & Magic's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(0.006	+	0.313)	/	2.812
	=	0.11

BEACN Wizardry & Magic (TSXV:BECN) 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.

BEACN Wizardry & Magic Debt-to-Equity Related Terms

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BEACN Wizardry & Magic (TSXV:BECN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » BEACN Wizardry & Magic Inc (TSXV:BECN) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

3450 Uptown Boulevard, Suite 301, Victoria, BC, CAN, V8Z 0B9

Website

BEACN Wizardry & Magic Inc develops innovative audio equipment, peripherals, and technology for gamers, live streamers, and content creators. The group delivers premium products that produce studio-quality content. Its product portfolio consists of Beacn Mic, Beacn Mix, and?Beacn Mix Create. The group has two reportable geographic segments namely North America and Other.