McCoy Global (TSX:MCB) Debt-to-Equity : 0.08 (As of Dec. 2023)

View and export this data going back to 1997. Start your Free Trial

What is McCoy Global Debt-to-Equity?

McCoy Global's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$1.10 Mil. McCoy Global's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$3.21 Mil. McCoy Global's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$53.98 Mil. McCoy Global's debt to equity for the quarter that ended in Dec. 2023 was 0.08.

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

TSX:MCB' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08 Med: 0.19 Max: 0.32
Current: 0.08

During the past 13 years, the highest Debt-to-Equity Ratio of McCoy Global was 0.32. The lowest was 0.08. And the median was 0.19.

TSX:MCB's Debt-to-Equity is ranked better than
85.83% of 833 companies
in the Oil & Gas industry
Industry Median: 0.44 vs TSX:MCB: 0.08

McCoy Global Debt-to-Equity Historical Data

The historical data trend for McCoy Global'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.

McCoy Global Debt-to-Equity Chart

McCoy Global Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.30

0.32

0.20

0.19

0.08

McCoy Global 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															0.19	0.10	0.09	0.09	0.08

Competitive Comparison of McCoy Global's Debt-to-Equity

For the Oil & Gas Equipment & Services subindustry, McCoy Global'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.

McCoy Global's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, McCoy Global's Debt-to-Equity distribution charts can be found below:

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

McCoy Global Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

McCoy Global'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
	=	(1.104	+	3.208)	/	53.983
	=	0.08

McCoy Global'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
	=	(1.104	+	3.208)	/	53.983
	=	0.08

McCoy Global (TSX:MCB) 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.

McCoy Global Debt-to-Equity Related Terms

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

McCoy Global (TSX:MCB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » McCoy Global Inc (TSX:MCB) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

MCCRF:USA 773:Germany

Address

9910 39th Avenue NW, Suite 201, Edmonton, AB, CAN, T6E 5H8

Website

https://www.mccoyglobal.com

McCoy Global Inc is a provider of equipment and technologies to support tubular running operations, enhance wellbore integrity and assist with collecting critical data for the global energy industry. It is engaged in the design, production and distribution of capital equipment to support tubular running operations, enhance wellbore integrity and to support capital equipment sales through aftermarket products and services such as technical support, consumables and replacement parts. Some of its products are specialized hydraulic power tongs, dies, and inserts, make or break torque equipment, and computerized torque turn monitoring systems.