ECDA (ECD Automotive Design) Debt-to-Equity : -1.28 (As of Jun. 2024)

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What is ECD Automotive Design Debt-to-Equity?

ECD Automotive Design's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $0.33 Mil. ECD Automotive Design's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $15.11 Mil. ECD Automotive Design's Total Stockholders Equity for the quarter that ended in Jun. 2024 was $-12.09 Mil. ECD Automotive Design's debt to equity for the quarter that ended in Jun. 2024 was -1.28.

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 ECD Automotive Design's Debt-to-Equity or its related term are showing as below:

ECDA' s Debt-to-Equity Range Over the Past 10 Years
Min: -3.85 Med: -1.4 Max: -0.17
Current: -1.28

During the past 3 years, the highest Debt-to-Equity Ratio of ECD Automotive Design was -0.17. The lowest was -3.85. And the median was -1.40.

ECDA's Debt-to-Equity is not ranked
in the Vehicles & Parts industry.
Industry Median: 0.47 vs ECDA: -1.28

ECD Automotive Design Debt-to-Equity Historical Data

The historical data trend for ECD Automotive Design'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.

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ECD Automotive Design Debt-to-Equity Chart

ECD Automotive Design Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Equity

-0.17

-0.85

-1.47

ECD Automotive Design Quarterly Data
	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Debt-to-Equity	Get a 7-Day Free Trial					-1.85	-3.85	-1.47	-1.33	-1.28

Competitive Comparison of ECD Automotive Design's Debt-to-Equity

For the Auto Manufacturers subindustry, ECD Automotive Design'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.

ECD Automotive Design's Debt-to-Equity Distribution in the Vehicles & Parts Industry

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

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

ECD Automotive Design Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

ECD Automotive Design's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(0.315	+	14.411)	/	-10.019
	=	-1.47

ECD Automotive Design's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(0.334	+	15.106)	/	-12.088
	=	-1.28

ECD Automotive Design (NAS:ECDA) 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.

ECD Automotive Design Debt-to-Equity Related Terms

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ECD Automotive Design Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » ECD Automotive Design Inc (NAS:ECDA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

4930 Industrial Lane, Unit 107, Kissimmee, FL, USA, 34758

Website

https://www.ecdautodesign.com

ECD Automotive Design Inc is engaged in the production and sale of Land Rover vehicles. The company has established a facility geared towards producing the most customized Land Rovers with the highest quality of parts and the highest quality labor force building each vehicle. ECD restores Land Rovers Defenders, Land Rover Series IIA, the Range Rover Classic and the Jaguar E-Type. Each vehicle produced by ECD is fully bespoke, a one-off that is designed by the client through an immersive luxury design experience and hand-built from the ground up in two thousand two hundred hours by master-certified Automotive Service Excellence craftsmen.

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