LeoNovus (LeoNovus) Debt-to-Equity : -0.06 (As of Dec. 2023)

View and export this data going back to 2011. Start your Free Trial

What is LeoNovus Debt-to-Equity?

LeoNovus's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.07 Mil. LeoNovus's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. LeoNovus's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-1.16 Mil. LeoNovus's debt to equity for the quarter that ended in Dec. 2023 was -0.06.

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

LVNSF' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.5 Med: -0.03 Max: 1.41
Current: -0.06

During the past 13 years, the highest Debt-to-Equity Ratio of LeoNovus was 1.41. The lowest was -0.50. And the median was -0.03.

LVNSF's Debt-to-Equity is not ranked
in the Software industry.
Industry Median: 0.21 vs LVNSF: -0.06

LeoNovus Debt-to-Equity Historical Data

The historical data trend for LeoNovus'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.

LeoNovus Debt-to-Equity Chart

LeoNovus Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.78

1.41

0.55

-0.50

-0.06

LeoNovus Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															-0.50	-0.07	-0.06	-0.07	-0.06

Competitive Comparison of LeoNovus's Debt-to-Equity

For the Software - Application subindustry, LeoNovus'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.

LeoNovus's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, LeoNovus's Debt-to-Equity distribution charts can be found below:

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

LeoNovus Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

LeoNovus'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
	=	(0.073	+	0)	/	-1.158
	=	-0.06

LeoNovus's Debt to Equity Ratio for the quarter 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
	=	(0.073	+	0)	/	-1.158
	=	-0.06

LeoNovus (OTCPK:LVNSF) 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.

LeoNovus Debt-to-Equity Related Terms

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

LeoNovus (LeoNovus) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » LeoNovus Inc (OTCPK:LVNSF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

LE4A:Germany LTV:Canada

Address

2611 Queensview Drive, Suite 125, Ottawa, ON, CAN, K2B 8K2

Website

https://www.leonovus.com

LeoNovus Inc s is a secure data management software company. The Leonovus suite of data management tools offers customers a complete end-to-end data-centric solution. This solution can stand on its own, or it can be integrated with the organization's zerotrust strategy and architecture. It takes seamless advantage of the organization's existing storage infrastructure and network architecture, working on-premises, in the cloud, or both and extends the data-centric controls across the entire architecture, including cloud resources.