ECNCF (ECN Capital) Debt-to-Equity : 3.04 (As of Sep. 2024)

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What is ECN Capital Debt-to-Equity?

ECN Capital's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.0 Mil. ECN Capital's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $641.2 Mil. ECN Capital's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $210.8 Mil. ECN Capital's debt to equity for the quarter that ended in Sep. 2024 was 3.04.

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

ECNCF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.3 Med: 0.82 Max: 6.92
Current: 3.04

During the past 11 years, the highest Debt-to-Equity Ratio of ECN Capital was 6.92. The lowest was 0.30. And the median was 0.82.

ECNCF's Debt-to-Equity is ranked worse than
92.55% of 1449 companies
in the Banks industry
Industry Median: 0.63 vs ECNCF: 3.04

ECN Capital Debt-to-Equity Historical Data

The historical data trend for ECN Capital'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.

ECN Capital Debt-to-Equity Chart

ECN Capital Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.51

0.63

1.26

5.31

4.38

ECN Capital 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															3.11	4.38	3.27	3.68	3.04

Competitive Comparison of ECN Capital's Debt-to-Equity

For the Mortgage Finance subindustry, ECN Capital'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.

ECN Capital's Debt-to-Equity Distribution in the Banks Industry

For the Banks industry and Financial Services sector, ECN Capital's Debt-to-Equity distribution charts can be found below:

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

ECN Capital Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

ECN Capital'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	+	917.699)	/	209.488
	=	4.38

ECN Capital'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	+	641.157)	/	210.816
	=	3.04

ECN Capital (OTCPK:ECNCF) 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.

ECN Capital Debt-to-Equity Related Terms

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ECN Capital Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » ECN Capital Corp (OTCPK:ECNCF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

2EZ:Germany ECN.PR.C.PFD:Canada ECN:Canada

Address

199 Bay Street, Suite 4000, Commerce Court West, Toronto, ON, CAN, M5L1A9

Website

https://www.ecncapitalcorp.com

ECN Capital Corp is a financial business service provider. The group originates, manages, and advises on credit assets on behalf of its partners, specifically consumer loans and commercial loans. The company's operating segment includes Manufactured Housing Finance, and Recreational Vehicle and Marine (RV and Marine) Finance. It generates the majority Manufactured Housing Finance segment.