Bactech Environmental (XCNQ:BAC) Debt-to-Equity

: -0.65 (As of Sep. 2023)

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Bactech Environmental's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$0.16 Mil. Bactech Environmental's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$1.35 Mil. Bactech Environmental's Total Stockholders Equity for the quarter that ended in Sep. 2023 was C$-2.32 Mil. Bactech Environmental's debt to equity for the quarter that ended in Sep. 2023 was -0.65.

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 Bactech Environmental's Debt-to-Equity or its related term are showing as below:

XCNQ:BAC' s Debt-to-Equity Range Over the Past 10 Years
Min: -2.7 Med: -0.28 Max: -0.07
Current: -0.65

During the past 13 years, the highest Debt-to-Equity Ratio of Bactech Environmental was -0.07. The lowest was -2.70. And the median was -0.28.

XCNQ:BAC's Debt-to-Equity is not ranked
in the Waste Management industry.
Industry Median: 0.675 vs XCNQ:BAC: -0.65

Bactech Environmental Debt-to-Equity Historical Data

The historical data trend for Bactech Environmental'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.

Bactech Environmental Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

-0.28

-0.27

-0.30

-0.11

-0.53

Bactech Environmental Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23
Debt-to-Equity																-2.70	-1.00	-0.53	-0.79	-0.65

Competitive Comparison

For the Waste Management subindustry, Bactech Environmental'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.

Bactech Environmental Debt-to-Equity Distribution

For the Waste Management industry and Industrials sector, Bactech Environmental's Debt-to-Equity distribution charts can be found below:

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

Bactech Environmental Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Bactech Environmental'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
	=	(1.032	+	0)	/	-1.95
	=	-0.53

Bactech Environmental'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
	=	(0.16	+	1.354)	/	-2.315
	=	-0.65

Bactech Environmental (XCNQ:BAC) 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.

Bactech Environmental Debt-to-Equity Related Terms

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Bactech Environmental (XCNQ:BAC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Bactech Environmental Corp (XCNQ:BAC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

BCCEF:USA 0BT1:Germany

Address

37 King Street East, Suite 409, Toronto, ON, CAN, M5C 1E9

Website

https://www.bactechgreen.com

Bactech Environmental Corp is an environmental technology company based in Canada. It is engaged in applying the bioleaching technology to abatement and reclamation projects to remove the harmful elements including arsenic and sulphur from the environment.