BluMetric Environmental (TSXV:BLM) Debt-to-Equity : 0.25 (As of Jun. 2024)

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What is BluMetric Environmental Debt-to-Equity?

BluMetric Environmental's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was C$0.99 Mil. BluMetric Environmental's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was C$2.14 Mil. BluMetric Environmental's Total Stockholders Equity for the quarter that ended in Jun. 2024 was C$12.74 Mil. BluMetric Environmental's debt to equity for the quarter that ended in Jun. 2024 was 0.25.

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 BluMetric Environmental's Debt-to-Equity or its related term are showing as below:

TSXV:BLM' s Debt-to-Equity Range Over the Past 10 Years
Min: -118.5 Med: 0.67 Max: 19.38
Current: 0.25

During the past 13 years, the highest Debt-to-Equity Ratio of BluMetric Environmental was 19.38. The lowest was -118.50. And the median was 0.67.

TSXV:BLM's Debt-to-Equity is ranked better than
74.55% of 224 companies
in the Waste Management industry
Industry Median: 0.625 vs TSXV:BLM: 0.25

BluMetric Environmental Debt-to-Equity Historical Data

The historical data trend for BluMetric Environmental'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.

BluMetric Environmental Debt-to-Equity Chart

BluMetric Environmental Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

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0.66

0.63

0.26

0.19

0.23

BluMetric Environmental Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Debt-to-Equity	Get a 7-Day Free Trial															0.26	0.23	0.29	0.27	0.25

Competitive Comparison of BluMetric Environmental's Debt-to-Equity

For the Waste Management subindustry, BluMetric Environmental'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.

BluMetric Environmental's Debt-to-Equity Distribution in the Waste Management Industry

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

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

BluMetric Environmental Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

BluMetric Environmental'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
	=	(0.993	+	1.804)	/	12.194
	=	0.23

BluMetric Environmental's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(0.988	+	2.139)	/	12.74
	=	0.25

BluMetric Environmental (TSXV:BLM) 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.

BluMetric Environmental Debt-to-Equity Related Terms

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

BluMetric Environmental Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » BluMetric Environmental Inc (TSXV:BLM) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

BLMWF:USA

Address

1682 Woodward Drive, Ottawa, ON, CAN, K2C 3R8

Website

http://www.blumetric.ca

BluMetric Environmental Inc is an integrated product and service organization. It principally provides sustainable solutions for complex environmental issues. It serves clients in many industrial sectors, and at all levels of government, both domestically and internationally. The organization offers services and solutions such as environmental earth sciences and engineering; contaminated site remediation; water resource management; industrial hygiene; occupational health and safety; and water and wastewater design-build and pre-engineered solutions. It operates in Canada and internationally, of which the majority of the revenue is derived from the operations in Canada.

Executives

John Daniel Hilton	Senior Officer
Roger Michael Woeller	10% Security Holder
Scott Andrew Macfabe	Director, Senior Officer
Geoff Simonett	Director

BluMetric Environmental Headlines

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