LEVGQ (The Lion Electric Co) Debt-to-Equity: 1.40 (As of Sep. 2024)

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LEVGQ The Lion Electric Co LEVGQ
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What is The Lion Electric Co Debt-to-Equity?

The Lion Electric Co LEVGQ 12 Debt-to-Equity is 1.40 as of Sep. 2024. GuruFocus rates LEVGQ with a GF Score™ of 12/100.

The Lion Electric Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $157.7 Mil. The Lion Electric Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $234.4 Mil. The Lion Electric Co's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $280.4 Mil. The Lion Electric Co's debt to equity for the quarter that ended in Sep. 2024 was 1.40.

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 The Lion Electric Co's Debt-to-Equity or its related term are showing as below:

LEVGQ's Debt-to-Equity is not ranked *
in the Farm & Heavy Construction Machinery industry.
Industry Median: 0.36
* Ranked among companies with meaningful Debt-to-Equity only.

The Lion Electric Co  (OTCPK:LEVGQ) 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.

The Lion Electric Co Debt-to-Equity Related Terms

The Lion Electric Co Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for The Lion Electric Co'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.

The Lion Electric Co Debt-to-Equity Chart

The Lion Electric Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
N/A -0.86 0.20 0.40 0.95

The Lion Electric Co Quarterly Data
May20 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.72 0.95 1.10 1.21 1.40

LEVGQ vs UGRO, NKLAQ, ARTW: Debt-to-Equity Comparison

For the Farm & Heavy Construction Machinery subindustry, The Lion Electric Co'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.

The Lion Electric Co Debt-to-Equity vs Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, The Lion Electric Co's Debt-to-Equity distribution charts can be found below:

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


LEVGQ
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The Lion Electric Co LEVGQ
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The Lion Electric Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

The Lion Electric Co'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
=(35.041 + 306.892) / 358.914
=0.95

The Lion Electric Co'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
=(157.731 + 234.354) / 280.435
=1.40

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 1.40 mean?
The Lion Electric Co (LEVGQ) has a Debt-to-Equity of 1.40 as of Sep. 2024. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on The Lion Electric Co and its competitors.
Is The Lion Electric Co's Debt-to-Equity too high?
The Lion Electric Co's current Debt-to-Equity is 1.40. The Farm & Heavy Construction Machinery industry median Debt-to-Equity is 0.36. The Lion Electric Co's value of 1.40 is 288.9% above this industry median. Overall, The Lion Electric Co has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does The Lion Electric Co's Debt-to-Equity compare to UGRO and NKLAQ?
The Lion Electric Co's Debt-to-Equity of 1.40 can be compared against companies in the Farm & Heavy Construction Machinery industry. The industry median Debt-to-Equity is 0.36. The Lion Electric Co's value of 1.40 is 288.9% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Farm & Heavy Construction Machinery company?
The median Debt-to-Equity among Farm & Heavy Construction Machinery companies is 0.36, based on 185 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. The Lion Electric Co's current Debt-to-Equity of 1.40 is 288.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on The Lion Electric Co and its competitors. For the Farm & Heavy Construction Machinery industry, the median Debt-to-Equity is 0.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Lion Electric Co's current Debt-to-Equity is 1.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Lion Electric Co stock overvalued right now?
The Lion Electric Co (LEVGQ) has a current Debt-to-Equity of 1.40. The current Debt-to-Equity is 1.40 and 288.9% above the Farm & Heavy Construction Machinery industry median of 0.36. The Lion Electric Co's overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For The Lion Electric Co (LEVGQ), the current Debt-to-Equity is 1.40 as of Sep. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

The Lion Electric Co Business Description

Address 921 chemin de la Riviere-du-Nord, Saint-Jerome, QC, CAN, J7Y 5G2
The Lion Electric Co. includes designing, developing, manufacturing and distributing purpose-built all-electric medium and heavy-duty urban vehicles including battery systems, chassis, bus bodies and truck cabins. The Group also distributes truck and bus parts and accessories. The Group has one reportable operating segment, the manufacturing and sales of electric vehicles in Canada and in the United States. Geographically, the majority of revenue is generated from Canada.
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Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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