Electric Last Mile Solutions (Electric Last Mile Solutions) Debt-to-Equity : 0.31 (As of Sep. 2021)

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What is Electric Last Mile Solutions Debt-to-Equity?

Electric Last Mile Solutions's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2021 was $54.29 Mil. Electric Last Mile Solutions's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2021 was $29.80 Mil. Electric Last Mile Solutions's Total Stockholders Equity for the quarter that ended in Sep. 2021 was $268.97 Mil. Electric Last Mile Solutions's debt to equity for the quarter that ended in Sep. 2021 was 0.31.

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 Electric Last Mile Solutions's Debt-to-Equity or its related term are showing as below:

ELMWQ' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.31 Med: 0.35 Max: 0.39
Current: 0.31

During the past 0 years, the highest Debt-to-Equity Ratio of Electric Last Mile Solutions was 0.39. The lowest was 0.31. And the median was 0.35.

ELMWQ's Debt-to-Equity is not ranked
in the Vehicles & Parts industry.
Industry Median: 0.47 vs ELMWQ: 0.31

Electric Last Mile Solutions Debt-to-Equity Historical Data

The historical data trend for Electric Last Mile 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.

Electric Last Mile Solutions Debt-to-Equity Chart

Electric Last Mile Solutions Annual Data

Trend

Debt-to-Equity

Electric Last Mile Solutions Quarterly Data
	Jun21	Sep21
Debt-to-Equity	0.39	0.31

Competitive Comparison of Electric Last Mile Solutions's Debt-to-Equity

For the Auto Manufacturers subindustry, Electric Last Mile 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.

Electric Last Mile Solutions's Debt-to-Equity Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Electric Last Mile Solutions's Debt-to-Equity falls into.

Electric Last Mile Solutions Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Electric Last Mile Solutions's Debt to Equity Ratio for the fiscal year that ended in . 20 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
	=	(	+	)	/	N/A
	=	N/A

Electric Last Mile Solutions's Debt to Equity Ratio for the quarter that ended in Sep. 2021 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
	=	(54.286	+	29.8)	/	268.969
	=	0.31

Electric Last Mile Solutions (OTCPK:ELMWQ) 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.

Electric Last Mile Solutions Debt-to-Equity Related Terms

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Electric Last Mile Solutions (Electric Last Mile Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Electric Last Mile Solutions Inc (OTCPK:ELMWQ) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1055 West Square Lake Road, Troy, MI, USA, 48098

Website

https://www.electriclastmile.com

Electric Last Mile Solutions Inc is focused on redefining the last mile with efficient, connected, and customizable solutions. Its first vehicle, the Urban Delivery, is anticipated to be the first Class 1 commercial electric vehicle in the U.S. market.