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Findev (TSXV:FDI) Debt-to-Equity : 0.00 (As of Dec. 2024)


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What is Findev Debt-to-Equity?

Findev's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was C$0.00 Mil. Findev's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was C$0.00 Mil. Findev's Total Stockholders Equity for the quarter that ended in Dec. 2024 was C$26.53 Mil. Findev's debt to equity for the quarter that ended in Dec. 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 Findev's Debt-to-Equity or its related term are showing as below:

During the past 13 years, the highest Debt-to-Equity Ratio of Findev was -2.08. The lowest was -2.08. And the median was -2.08.

TSXV:FDI's Debt-to-Equity is not ranked *
in the Banks industry.
Industry Median: 0.61
* Ranked among companies with meaningful Debt-to-Equity only.

Findev Debt-to-Equity Historical Data

The historical data trend for Findev'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.

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Findev Debt-to-Equity Chart

Findev Annual Data
Trend May15 May16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Debt-to-Equity
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Findev Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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Competitive Comparison of Findev's Debt-to-Equity

For the Mortgage Finance subindustry, Findev'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.


Findev's Debt-to-Equity Distribution in the Banks Industry

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

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


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Findev Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Findev's Debt to Equity Ratio for the fiscal year that ended in Dec. 2024 is calculated as

Findev's Debt to Equity Ratio for the quarter that ended in Dec. 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.


Findev  (TSXV:FDI) 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.


Findev Debt-to-Equity Related Terms

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


Findev Business Description

Traded in Other Exchanges
Address
10 Wanless Avenue, Suite 201, Toronto, ON, CAN, M4N 1V6
Findev Inc is a real estate financing company that lends money to real estate projects that are identified as uniquely positioned to generate above average returns in a two to three year timeframe.
Executives
Devon Cranson Director
Anthony Heller Director

Findev Headlines

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