ALXXF (Avante) Debt-to-Equity : 0.12 (As of Sep. 2024)

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What is Avante Debt-to-Equity?

Avante's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.53 Mil. Avante's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.57 Mil. Avante's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $9.27 Mil. Avante's debt to equity for the quarter that ended in Sep. 2024 was 0.12.

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

ALXXF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.08 Max: 1.86
Current: 0.12

During the past 13 years, the highest Debt-to-Equity Ratio of Avante was 1.86. The lowest was 0.02. And the median was 0.08.

ALXXF's Debt-to-Equity is ranked better than
75.05% of 914 companies
in the Business Services industry
Industry Median: 0.38 vs ALXXF: 0.12

Avante Debt-to-Equity Historical Data

The historical data trend for Avante'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.

Avante Debt-to-Equity Chart

Avante Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Equity

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1.10

1.20

0.61

0.13

0.11

Avante Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															0.07	0.08	0.11	0.11	0.12

Competitive Comparison of Avante's Debt-to-Equity

For the Security & Protection Services subindustry, Avante'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.

Avante's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Avante's Debt-to-Equity distribution charts can be found below:

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

Avante Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Avante's Debt to Equity Ratio for the fiscal year that ended in Mar. 2024 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
	=	(0.482	+	0.604)	/	9.996
	=	0.11

Avante's Debt to Equity Ratio for the quarter that ended in Sep. 2024 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
	=	(0.526	+	0.57)	/	9.265
	=	0.12

Avante (OTCPK:ALXXF) 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.

Avante Debt-to-Equity Related Terms

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Avante Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Avante Corp (OTCPK:ALXXF) » Definitions » Debt-to-Equity

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XX:Canada

Address

1959 Leslie Street, Toronto, ON, CAN, M3B 2M3

Website

https://www.avantelogixx.com

Avante Corp is engaged in the provision of security, monitoring, system integration, and technology solutions. Its operating segments are Avante security and NSSG. Its products and services include residential and corporate security business: Avante control centre, monitoring, electronic building management, patrol and rapid response, intelligent perimeter protection, secure transport, international security travel advisory services, locksmith services, and smart home automation. It provides security services for residential and condominium customers in Toronto and Muskoka, Ontario through the use of technology and client service.