PlasCred Circular Innovations (PlasCred Circular Innovations) Debt-to-Equity : -1.44 (As of Jun. 2023)

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What is PlasCred Circular Innovations Debt-to-Equity?

PlasCred Circular Innovations's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $1.43 Mil. PlasCred Circular Innovations's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.00 Mil. PlasCred Circular Innovations's Total Stockholders Equity for the quarter that ended in Jun. 2023 was $-0.99 Mil. PlasCred Circular Innovations's debt to equity for the quarter that ended in Jun. 2023 was -1.44.

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 PlasCred Circular Innovations's Debt-to-Equity or its related term are showing as below:

MGPRF's Debt-to-Equity is not ranked ^*
in the Waste Management industry.
Industry Median: 0.74
* Ranked among companies with meaningful Debt-to-Equity only.

PlasCred Circular Innovations Debt-to-Equity Historical Data

The historical data trend for PlasCred Circular Innovations'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.

PlasCred Circular Innovations Debt-to-Equity Chart

PlasCred Circular Innovations Annual Data

Trend

Dec22

Dec23

Debt-to-Equity

-1.34

PlasCred Circular Innovations Quarterly Data
	Jun22	Mar23	Jun23	Dec23
Debt-to-Equity	N/A	-2.05	-1.44	-

Competitive Comparison of PlasCred Circular Innovations's Debt-to-Equity

For the Waste Management subindustry, PlasCred Circular Innovations'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.

PlasCred Circular Innovations's Debt-to-Equity Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, PlasCred Circular Innovations's Debt-to-Equity distribution charts can be found below:

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

PlasCred Circular Innovations Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

PlasCred Circular Innovations'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
	=	(0.001	+	0)	/	0.587
	=	0.00

PlasCred Circular Innovations's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(1.432	+	0)	/	-0.992
	=	-1.44

PlasCred Circular Innovations (OTCPK:MGPRF) 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.

PlasCred Circular Innovations Debt-to-Equity Related Terms

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PlasCred Circular Innovations (PlasCred Circular Innovations) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » PlasCred Circular Innovations Inc (OTCPK:MGPRF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

XV2:Germany PLAS:Canada

Address

810 - 789 West Pender Street, Vancouver, BC, CAN, V6C 1H2

Website

https://www.plascred.com

PlasCred Circular Innovations Inc is a green technology company based in Alberta, whose patent-pending and proprietary process enables true plastic waste removal in a scalable, systematic and profitable way. The PlasCred process hopes to deliver a commercially viable plastic recycling process, providing immediate economic benefit for industry, communities and government organizations for handling waste plastic.

PlasCred Circular Innovations (PlasCred Circular Innovations) Headlines

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