Pioneering Technology (Pioneering Technology) Debt-to-Equity : 0.40 (As of Dec. 2023)

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What is Pioneering Technology Debt-to-Equity?

Pioneering Technology's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.16 Mil. Pioneering Technology's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.65 Mil. Pioneering Technology's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $2.04 Mil. Pioneering Technology's debt to equity for the quarter that ended in Dec. 2023 was 0.40.

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

PTEFF' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.58 Med: 0.36 Max: 1.93
Current: 0.4

During the past 13 years, the highest Debt-to-Equity Ratio of Pioneering Technology was 1.93. The lowest was -1.58. And the median was 0.36.

PTEFF's Debt-to-Equity is ranked worse than
50.81% of 923 companies
in the Business Services industry
Industry Median: 0.37 vs PTEFF: 0.40

Pioneering Technology Debt-to-Equity Historical Data

The historical data trend for Pioneering Technology'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.

Pioneering Technology Debt-to-Equity Chart

Pioneering Technology Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

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0.31

0.41

0.44

0.39

Pioneering Technology 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															0.48	0.46	0.47	0.39	0.40

Competitive Comparison of Pioneering Technology's Debt-to-Equity

For the Security & Protection Services subindustry, Pioneering Technology'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.

Pioneering Technology's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Pioneering Technology's Debt-to-Equity distribution charts can be found below:

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

Pioneering Technology Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Pioneering Technology's Debt to Equity Ratio for the fiscal year 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
	=	(0.153	+	0.684)	/	2.164
	=	0.39

Pioneering Technology'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
	=	(0.157	+	0.65)	/	2.035
	=	0.40

Pioneering Technology (OTCPK:PTEFF) 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.

Pioneering Technology Debt-to-Equity Related Terms

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

Pioneering Technology (Pioneering Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Pioneering Technology Corp (OTCPK:PTEFF) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

PTE:Canada

Address

2400 Skymark Avenue, Unit 7, Mississauga, ON, CAN, L4W 5K5

Website

https://www.pioneeringtech.com

Pioneering Technology Corp is a Canadian-based company. The company is focused on designing, engineering, and producing technology that protects people and their property from cooking fires. It operates in one business segment is the development, manufacture, and sale of products intended to save energy and offer consumer convenience and safety. It offers products that provide effective cooking fire prevention solutions for both the residential and commercial markets. Its product portfolio includes Safe-T-element, SmartBurner, RangeMinder, and Safe-T-sensor. Its geographical coverage includes Canada and the United States whereas it generates the majority of its revenue from the United States.

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