Microbix Biosystems (TSX:MBX) Debt-to-Equity : 0.22 (As of Dec. 2024)

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What is Microbix Biosystems Debt-to-Equity?

Microbix Biosystems's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was C$0.22 Mil. Microbix Biosystems's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was C$6.22 Mil. Microbix Biosystems's Total Stockholders Equity for the quarter that ended in Dec. 2024 was C$28.90 Mil. Microbix Biosystems's debt to equity for the quarter that ended in Dec. 2024 was 0.22.

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

TSX:MBX' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.22 Med: 0.44 Max: 0.93
Current: 0.22

During the past 13 years, the highest Debt-to-Equity Ratio of Microbix Biosystems was 0.93. The lowest was 0.22. And the median was 0.44.

TSX:MBX's Debt-to-Equity is ranked worse than
57.28% of 1016 companies
in the Biotechnology industry
Industry Median: 0.14 vs TSX:MBX: 0.22

Microbix Biosystems Debt-to-Equity Historical Data

The historical data trend for Microbix Biosystems'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.

Microbix Biosystems Debt-to-Equity Chart

Microbix Biosystems Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Debt-to-Equity

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0.93

0.42

0.23

0.27

0.23

Microbix Biosystems Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Debt-to-Equity	Get a 7-Day Free Trial															0.25	0.24	0.23	0.23	0.22

Competitive Comparison of Microbix Biosystems's Debt-to-Equity

For the Biotechnology subindustry, Microbix Biosystems'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.

Microbix Biosystems's Debt-to-Equity Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Microbix Biosystems's Debt-to-Equity distribution charts can be found below:

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

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Microbix Biosystems Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Microbix Biosystems's Debt to Equity Ratio for the fiscal year 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
	=	(0.242	+	6.155)	/	28.297
	=	0.23

Microbix Biosystems's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(0.222	+	6.22)	/	28.9
	=	0.22

Microbix Biosystems (TSX:MBX) 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.

Microbix Biosystems Debt-to-Equity Related Terms

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Microbix Biosystems Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Microbix Biosystems Inc (TSX:MBX) » Definitions » Debt-to-Equity

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MBXBF:USA

Address

265 Watline Avenue, Mississauga, ON, CAN, L4Z 1P3

Website

https://www.microbix.com

Microbix Biosystems Inc develops biological products and technologies. There are two operating segments: The development, manufacturing, and sale of products relating to the medical diagnostics industry, namely antigens as test ingredients, quality assessment products to help ensure the accuracy of test workflows and viral transport medium to enable collection of patient test samples and; Development and commercialization of novel and proprietary products or technologies such as Kinlytic. Geographically, it derives a majority of revenue from North America and also operates in Europe and other foreign countries.

Executives

James Stuart Currie	Senior Officer
Mark Adrian Luscher	Senior Officer
Bo Hollas	Director
Jennifer Anne Stewart	Director
Cameron Lionel Groome	Director, Senior Officer
Kenneth Hughes	Senior Officer
Martin Marino	Director
Peter Martin Blecher	Director
Philip Jonathan Casselli	Senior Officer
Steven Trevor Hagerman	Senior Officer
Damian Klimaszewski	Senior Officer
Anthony J. Giovinazzo	Director