California Nanotechnologies (TSXV:CNO) Debt-to-Equity : 3.43 (As of Nov. 2023)

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What is California Nanotechnologies Debt-to-Equity?

California Nanotechnologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was C$0.03 Mil. California Nanotechnologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was C$1.80 Mil. California Nanotechnologies's Total Stockholders Equity for the quarter that ended in Nov. 2023 was C$0.53 Mil. California Nanotechnologies's debt to equity for the quarter that ended in Nov. 2023 was 3.43.

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 California Nanotechnologies's Debt-to-Equity or its related term are showing as below:

TSXV:CNO' s Debt-to-Equity Range Over the Past 10 Years
Min: -2.33 Med: -1.4 Max: 3.43
Current: 3.43

During the past 13 years, the highest Debt-to-Equity Ratio of California Nanotechnologies was 3.43. The lowest was -2.33. And the median was -1.40.

TSXV:CNO's Debt-to-Equity is ranked worse than
98.64% of 1397 companies
in the Chemicals industry
Industry Median: 0.35 vs TSXV:CNO: 3.43

California Nanotechnologies Debt-to-Equity Historical Data

The historical data trend for California Nanotechnologies'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.

California Nanotechnologies Debt-to-Equity Chart

California Nanotechnologies Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Debt-to-Equity

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-1.54

-1.37

-1.17

-1.58

-1.50

California Nanotechnologies Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Debt-to-Equity	Get a 7-Day Free Trial															-1.78	-1.50	-1.58	-2.14	3.43

Competitive Comparison of California Nanotechnologies's Debt-to-Equity

For the Specialty Chemicals subindustry, California Nanotechnologies'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.

California Nanotechnologies's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, California Nanotechnologies's Debt-to-Equity distribution charts can be found below:

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

California Nanotechnologies Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

California Nanotechnologies's Debt to Equity Ratio for the fiscal year that ended in Feb. 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
	=	(1.609	+	0.307)	/	-1.274
	=	-1.50

California Nanotechnologies's Debt to Equity Ratio for the quarter that ended in Nov. 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
	=	(0.03	+	1.796)	/	0.533
	=	3.43

California Nanotechnologies (TSXV:CNO) 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.

California Nanotechnologies Debt-to-Equity Related Terms

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California Nanotechnologies (TSXV:CNO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » California Nanotechnologies Corp (TSXV:CNO) » Definitions » Debt-to-Equity

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CANOF:USA

Address

900, 517 - 10th Avenue S.W., Calgary, AB, CAN, T2R 0A8

Website

https://www.calnanocorp.com

California Nanotechnologies Corp engages in the production, and research and development of nanostructured components and materials. Its products include precision forged components, thermal spray powders, nano light alloy powders, nanoalloy billets, nano superalloy powders, cemented carbides, and tooling. The company products are used in Aerospace, Defense, Automotive, Medical, and Sport and Recreation industries.