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Impact Development Group (TSXV:IMPT) Debt-to-Equity : -2.51 (As of Jun. 2023)


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What is Impact Development Group Debt-to-Equity?

Impact Development Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was C$12.63 Mil. Impact Development Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was C$48.97 Mil. Impact Development Group's Total Stockholders Equity for the quarter that ended in Jun. 2023 was C$-24.56 Mil. Impact Development Group's debt to equity for the quarter that ended in Jun. 2023 was -2.51.

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 Impact Development Group's Debt-to-Equity or its related term are showing as below:

TSXV:IMPT' s Debt-to-Equity Range Over the Past 10 Years
Min: -8.11   Med: -2.51   Max: 20
Current: -2.51

During the past 4 years, the highest Debt-to-Equity Ratio of Impact Development Group was 20.00. The lowest was -8.11. And the median was -2.51.

TSXV:IMPT's Debt-to-Equity is not ranked
in the Real Estate industry.
Industry Median: 0.76 vs TSXV:IMPT: -2.51

Impact Development Group Debt-to-Equity Historical Data

The historical data trend for Impact Development Group'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.

Impact Development Group Debt-to-Equity Chart

Impact Development Group Annual Data
Trend Dec19 Dec20 Dec21 Dec22
Debt-to-Equity
4.57 20.00 -8.11 -2.71

Impact Development Group Semi-Annual Data
Dec19 Dec20 Dec21 Jun22 Dec22 Jun23
Debt-to-Equity Get a 7-Day Free Trial 20.00 -8.11 N/A -2.71 -2.51

Competitive Comparison of Impact Development Group's Debt-to-Equity

For the Real Estate - Development subindustry, Impact Development Group'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.

Impact Development Group's Debt-to-Equity Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Impact Development Group's Debt-to-Equity distribution charts can be found below:

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


Impact Development Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Impact Development Group'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
=(9.094 + 47.383) / -20.88
=-2.70

Impact Development Group's Debt to Equity Ratio for the quarter that ended in Jun. 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
=(12.632 + 48.971) / -24.564
=-2.51

* 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.

Impact Development Group  (TSXV:IMPT) 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.

Impact Development Group Debt-to-Equity Related Terms

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Impact Development Group (TSXV:IMPT) Business Description

Industry
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Traded in Other Exchanges
N/A
Address
Edifice Península piso 4, oficina 4-10, Costa del Este, Panama City, PAN
Website
https://www.ihcpanama.com
Impact Development Group Inc Formerly Impact Housing Corp is a Panamanian-based real estate developer. It provides affordable housing supported by a longstanding subsidized government program with multiple product offerings. The principal business of IHC is to build and develop affordable and high-quality subsidized houses in the Republic of Panama to support the middle-class market.

Impact Development Group (TSXV:IMPT) Headlines

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