Aether Catalyst Solutions (XCNQ:ATHR) Debt-to-Equity : -0.50 (As of Sep. 2023)

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What is Aether Catalyst Solutions Debt-to-Equity?

Aether Catalyst Solutions's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$0.06 Mil. Aether Catalyst Solutions's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$0.00 Mil. Aether Catalyst Solutions's Total Stockholders Equity for the quarter that ended in Sep. 2023 was C$-0.12 Mil. Aether Catalyst Solutions's debt to equity for the quarter that ended in Sep. 2023 was -0.50.

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 Aether Catalyst Solutions's Debt-to-Equity or its related term are showing as below:

XCNQ:ATHR' s Debt-to-Equity Range Over the Past 10 Years
Min: -6.36 Med: 0.18 Max: 1.86
Current: -0.5

During the past 6 years, the highest Debt-to-Equity Ratio of Aether Catalyst Solutions was 1.86. The lowest was -6.36. And the median was 0.18.

XCNQ:ATHR's Debt-to-Equity is not ranked
in the Vehicles & Parts industry.
Industry Median: 0.48 vs XCNQ:ATHR: -0.50

Aether Catalyst Solutions Debt-to-Equity Historical Data

The historical data trend for Aether Catalyst Solutions'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.

Aether Catalyst Solutions Debt-to-Equity Chart

Aether Catalyst Solutions Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.12

1.86

-1.60

0.23

1.40

Aether Catalyst Solutions Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.68	1.40	-1.69	-6.36	-0.50

Competitive Comparison of Aether Catalyst Solutions's Debt-to-Equity

For the Auto Parts subindustry, Aether Catalyst Solutions'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.

Aether Catalyst Solutions's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Aether Catalyst Solutions's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Aether Catalyst Solutions's Debt-to-Equity falls into.

Aether Catalyst Solutions Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Aether Catalyst Solutions'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
	=	(0.083	+	0.008)	/	0.065
	=	1.40

Aether Catalyst Solutions'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
	=	(0.059	+	0)	/	-0.118
	=	-0.50

Aether Catalyst Solutions (XCNQ:ATHR) 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.

Aether Catalyst Solutions Debt-to-Equity Related Terms

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

Aether Catalyst Solutions (XCNQ:ATHR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Aether Catalyst Solutions Inc (XCNQ:ATHR) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

2QZ:Germany

Address

8337 Eastlake Drive, Unit 104, Burnaby, BC, CAN, V5A 4W2

Website

https://www.aethercatalyst.com

Aether Catalyst Solutions Inc is focused on providing an order of magnitude cost reduction in catalytic converter catalysts, while meeting, or exceeding government emission standards. It is working to quickly advance its technology through rapid screening of new materials directed at enhancing end of life conversion levels after accelerated aging. The company's primary focus has been on automotive applications where it is looking to replace precious metals in automotive catalysts for gasoline powered engines. The company's target markets are the heavily regulated automotive industry and the unregulated small motors industry.

Aether Catalyst Solutions (XCNQ:ATHR) Headlines

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