EV Technology Group (EV Technology Group) Debt-to-Equity : -1.27 (As of Sep. 2023)

View and export this data going back to 2022. Start your Free Trial

What is EV Technology Group Debt-to-Equity?

EV Technology Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $1.39 Mil. EV Technology Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil. EV Technology Group's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $-1.10 Mil. EV Technology Group's debt to equity for the quarter that ended in Sep. 2023 was -1.27.

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 EV Technology Group's Debt-to-Equity or its related term are showing as below:

EVTGF' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.27 Med: 0.06 Max: 0.19
Current: -1.27

During the past 2 years, the highest Debt-to-Equity Ratio of EV Technology Group was 0.19. The lowest was -1.27. And the median was 0.06.

EVTGF's Debt-to-Equity is not ranked
in the Vehicles & Parts industry.
Industry Median: 0.47 vs EVTGF: -1.27

EV Technology Group Debt-to-Equity Historical Data

The historical data trend for EV Technology Group'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.

EV Technology Group Debt-to-Equity Chart

EV Technology Group Annual Data

Trend

Dec21

Dec22

Debt-to-Equity

0.11

EV Technology Group Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial			-	0.11	0.15	0.19	-1.27

Competitive Comparison of EV Technology Group's Debt-to-Equity

For the Auto Manufacturers subindustry, EV Technology Group'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.

EV Technology Group's Debt-to-Equity Distribution in the Vehicles & Parts Industry

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

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

EV Technology Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

EV Technology Group'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
	=	(1.213	+	0)	/	10.766
	=	0.11

EV Technology Group'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
	=	(1.393	+	0)	/	-1.099
	=	-1.27

EV Technology Group (OTCPK:EVTGF) 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.

EV Technology Group Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of EV Technology Group's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

EV Technology Group (EV Technology Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » EV Technology Group Ltd (OTCPK:EVTGF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

B96A:Germany EVTG:Canada

Address

198 Davenport Road, Toronto, ON, CAN, M5R 1J2

Website

https://www.evtgroup.com

EV Technology Group Ltd owns and operates iconic and luxury motoring brands and helps them 'go electric. It acquires iconic brands and invests in making the transition to electric. It is in the business of developing and commercializing electric vehicle technologies that have growth potential in distinctive, niche, and underserved markets. The Company has adopted a direct-to-consumer (D2C) distribution model to deliver a premium unified brand experience through flagship locations, online experiences, and marketing activations. The Company operates in Canada, UK and France.