Charbone Hydrogen (TSXV:CH) Debt-to-Equity : -2.37 (As of Sep. 2023)

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What is Charbone Hydrogen Debt-to-Equity?

Charbone Hydrogen's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$0.07 Mil. Charbone Hydrogen's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$2.28 Mil. Charbone Hydrogen's Total Stockholders Equity for the quarter that ended in Sep. 2023 was C$-1.00 Mil. Charbone Hydrogen's debt to equity for the quarter that ended in Sep. 2023 was -2.37.

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 Charbone Hydrogen's Debt-to-Equity or its related term are showing as below:

TSXV:CH' s Debt-to-Equity Range Over the Past 10 Years
Min: -31.12 Med: -1.33 Max: 1.93
Current: -2.37

During the past 4 years, the highest Debt-to-Equity Ratio of Charbone Hydrogen was 1.93. The lowest was -31.12. And the median was -1.33.

TSXV:CH's Debt-to-Equity is not ranked
in the Chemicals industry.
Industry Median: 0.35 vs TSXV:CH: -2.37

Charbone Hydrogen Debt-to-Equity Historical Data

The historical data trend for Charbone Hydrogen'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.

Charbone Hydrogen Debt-to-Equity Chart

Charbone Hydrogen Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

-0.99

-0.94

-1.20

-31.12

Charbone Hydrogen Quarterly Data
	Dec19	Sep20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial								1.93	-31.12	-5.63	-1.91	-2.37

Competitive Comparison of Charbone Hydrogen's Debt-to-Equity

For the Chemicals subindustry, Charbone Hydrogen'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.

Charbone Hydrogen's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Charbone Hydrogen's Debt-to-Equity distribution charts can be found below:

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

Charbone Hydrogen Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Charbone Hydrogen's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(0.094	+	2.022)	/	-0.068
	=	-31.12

Charbone Hydrogen's Debt to Equity Ratio for the quarter 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
	=	(0.074	+	2.28)	/	-0.995
	=	-2.37

Charbone Hydrogen (TSXV:CH) 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.

Charbone Hydrogen Debt-to-Equity Related Terms

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

Charbone Hydrogen (TSXV:CH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Charbone Hydrogen Corp (TSXV:CH) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CHHYF:USA K47:Germany

Address

5005 Boul. Lapiniere, Suite 1080, Brossard, QC, CAN, J4Z 0N5

Website

https://www.charbone.com

Charbone Hydrogen Corp is a Canadian green hydrogen group established in North America. The Company develops modular and expandable hydrogen facilities. Through the acquisition of hydropower plants in the United States of America and Canada, Charbone will be able to produce green dihydrogen molecules using reliable and sustainable energy to distinguish itself as a provider of an environmentally friendly solution for industrial and commercial enterprises. The company operates in a single sector, which is small-scale hydroelectric power generation in North America.

Charbone Hydrogen (TSXV:CH) Headlines

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