Drone Delivery Canada (TSXV:FLT) Debt-to-Equity : 0.07 (As of Dec. 2023)

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What is Drone Delivery Canada Debt-to-Equity?

Drone Delivery Canada's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.27 Mil. Drone Delivery Canada's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.33 Mil. Drone Delivery Canada's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$9.11 Mil. Drone Delivery Canada's debt to equity for the quarter that ended in Dec. 2023 was 0.07.

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 Drone Delivery Canada's Debt-to-Equity or its related term are showing as below:

TSXV:FLT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.03 Max: 0.07
Current: 0.07

During the past 13 years, the highest Debt-to-Equity Ratio of Drone Delivery Canada was 0.07. The lowest was 0.01. And the median was 0.03.

TSXV:FLT's Debt-to-Equity is ranked better than
78.78% of 2191 companies
in the Hardware industry
Industry Median: 0.29 vs TSXV:FLT: 0.07

Drone Delivery Canada Debt-to-Equity Historical Data

The historical data trend for Drone Delivery Canada'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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Drone Delivery Canada Debt-to-Equity Chart

Drone Delivery Canada Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.04

0.02

0.01

0.07

Drone Delivery Canada 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															0.01	0.01	0.01	0.05	0.07

Competitive Comparison of Drone Delivery Canada's Debt-to-Equity

For the Computer Hardware subindustry, Drone Delivery Canada'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.

Drone Delivery Canada's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Drone Delivery Canada's Debt-to-Equity distribution charts can be found below:

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

Drone Delivery Canada Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Drone Delivery Canada'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
	=	(0.271	+	0.329)	/	9.114
	=	0.07

Drone Delivery Canada'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
	=	(0.271	+	0.329)	/	9.114
	=	0.07

Drone Delivery Canada (TSXV:FLT) 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.

Drone Delivery Canada Debt-to-Equity Related Terms

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

Drone Delivery Canada (TSXV:FLT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Drone Delivery Canada Corp (TSXV:FLT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

TAKOF:USA ABBA:Germany

Address

6-6221 Highway 7, Vaughan, ON, CAN, L4H 0K8

Website

https://www.dronedeliverycanada.com

Drone Delivery Canada Corp is a developmental technology company. It focuses on designing, developing, and implementing a commercially viable drone delivery system within Canadian geography. The company develops drone technology to provide retailers, service organizations, and government agencies a just in time delivery service. It provides a few service options such as Depot to Depot which is focused on rural applications providing services from warehouse to warehouse and Depot to consumer offering logistics services from a retailer and warehouse direct to a consumer's home or business location.

Executives

Michael Della Fortuna

Director

Drone Delivery Canada (TSXV:FLT) Headlines

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