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Axe2 Acquisitions (TSXV:AXET.P) Debt-to-Equity : 0.00 (As of Jun. 2024)


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What is Axe2 Acquisitions Debt-to-Equity?

Axe2 Acquisitions's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was C$0.00 Mil. Axe2 Acquisitions's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was C$0.00 Mil. Axe2 Acquisitions's Total Stockholders Equity for the quarter that ended in Jun. 2024 was C$0.16 Mil. Axe2 Acquisitions's debt to equity for the quarter that ended in Jun. 2024 was 0.00.

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 Axe2 Acquisitions's Debt-to-Equity or its related term are showing as below:

TSXV:AXET.P's Debt-to-Equity is not ranked *
in the Diversified Financial Services industry.
Industry Median: 0.14
* Ranked among companies with meaningful Debt-to-Equity only.

Axe2 Acquisitions Debt-to-Equity Historical Data

The historical data trend for Axe2 Acquisitions'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.

Axe2 Acquisitions Debt-to-Equity Chart

Axe2 Acquisitions Annual Data
Trend Dec21 Dec22 Dec23
Debt-to-Equity
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Axe2 Acquisitions Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison of Axe2 Acquisitions's Debt-to-Equity

For the Shell Companies subindustry, Axe2 Acquisitions'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.


Axe2 Acquisitions's Debt-to-Equity Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Axe2 Acquisitions's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Axe2 Acquisitions's Debt-to-Equity falls into.



Axe2 Acquisitions Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Axe2 Acquisitions's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Axe2 Acquisitions's Debt to Equity Ratio for the quarter that ended in Jun. 2024 is calculated as

* 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.


Axe2 Acquisitions  (TSXV:AXET.P) 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.


Axe2 Acquisitions Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Axe2 Acquisitions's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Axe2 Acquisitions Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
25 King Street West, 29th Floor, Toronto, ON, CAN, M5L1G3
Website
Axe2 Acquisitions Inc is a capital pool company.

Axe2 Acquisitions Headlines

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