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GreenPower Motor Company (TSXV:GPV) Debt-to-Equity : 0.88 (As of Dec. 2023)


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What is GreenPower Motor Company Debt-to-Equity?

GreenPower Motor Company's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$15.04 Mil. GreenPower Motor Company's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$6.34 Mil. GreenPower Motor Company's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$24.22 Mil. GreenPower Motor Company's debt to equity for the quarter that ended in Dec. 2023 was 0.88.

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 GreenPower Motor Company's Debt-to-Equity or its related term are showing as below:

TSXV:GPV' s Debt-to-Equity Range Over the Past 10 Years
Min: -117.49   Med: 0.43   Max: 20.52
Current: 0.88

During the past 13 years, the highest Debt-to-Equity Ratio of GreenPower Motor Company was 20.52. The lowest was -117.49. And the median was 0.43.

TSXV:GPV's Debt-to-Equity is ranked worse than
77.13% of 188 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 0.405 vs TSXV:GPV: 0.88

GreenPower Motor Company Debt-to-Equity Historical Data

The historical data trend for GreenPower Motor Company'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.

GreenPower Motor Company Debt-to-Equity Chart

GreenPower Motor Company Annual Data
Trend Feb14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only -117.49 -10.42 0.03 0.17 0.57

GreenPower Motor Company 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.62 0.57 0.34 0.67 0.88

Competitive Comparison of GreenPower Motor Company's Debt-to-Equity

For the Farm & Heavy Construction Machinery subindustry, GreenPower Motor Company'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.


GreenPower Motor Company's Debt-to-Equity Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, GreenPower Motor Company's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where GreenPower Motor Company's Debt-to-Equity falls into.



GreenPower Motor Company Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

GreenPower Motor Company's Debt to Equity Ratio for the fiscal year that ended in Mar. 2023 is calculated as

GreenPower Motor Company's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

* 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.


GreenPower Motor Company  (TSXV:GPV) 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.


GreenPower Motor Company Debt-to-Equity Related Terms

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


GreenPower Motor Company (TSXV:GPV) Business Description

Traded in Other Exchanges
Address
209 Carrall Street, Suite 240, Vancouver, BC, CAN, V6B 2J2
GreenPower Motor Company Inc is the manufacturer and distributor of all-electric charter, school and city buses. The company offers electric-powered transit buses deploying electric drive and battery technologies with a lightweight chassis and low-floor body. Its product line includes All-electric transit buses and All-electric school and shuttle buses. The company's buses depend on clean sheet design and utilise a custom battery management system and a proprietary flex power system for the drive motors. The company operates in one reportable operating segment, being the manufacture and distribution of all-electric transit, school, and charter buses.

GreenPower Motor Company (TSXV:GPV) Headlines

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