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Right Season Investments (TSXV:LITT) Debt-to-Equity : 0.06 (As of Sep. 2024)


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What is Right Season Investments Debt-to-Equity?

Right Season Investments's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$0.18 Mil. Right Season Investments's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$0.00 Mil. Right Season Investments's Total Stockholders Equity for the quarter that ended in Sep. 2024 was C$3.29 Mil. Right Season Investments's debt to equity for the quarter that ended in Sep. 2024 was 0.06.

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 Right Season Investments's Debt-to-Equity or its related term are showing as below:

TSXV:LITT' s Debt-to-Equity Range Over the Past 10 Years
Min: -4.29   Med: 0.03   Max: 24.56
Current: 0.06

During the past 13 years, the highest Debt-to-Equity Ratio of Right Season Investments was 24.56. The lowest was -4.29. And the median was 0.03.

TSXV:LITT's Debt-to-Equity is ranked better than
77.96% of 962 companies
in the Asset Management industry
Industry Median: 0.2 vs TSXV:LITT: 0.06

Right Season Investments Debt-to-Equity Historical Data

The historical data trend for Right Season Investments'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.

Right Season Investments Debt-to-Equity Chart

Right Season Investments Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.12 0.01 11.50 0.03 0.04

Right Season Investments Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.04 0.06 0.04 0.04 0.06

Competitive Comparison of Right Season Investments's Debt-to-Equity

For the Asset Management subindustry, Right Season Investments'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.

Right Season Investments's Debt-to-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Right Season Investments's Debt-to-Equity distribution charts can be found below:

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


Right Season Investments Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Right Season Investments's Debt to Equity Ratio for the fiscal year 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
=(0.184 + 0) / 5.145
=0.04

Right Season Investments's Debt to Equity Ratio for the quarter that ended in Sep. 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
=(0.184 + 0) / 3.287
=0.06

* 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.

Right Season Investments  (TSXV:LITT) 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.

Right Season Investments Debt-to-Equity Related Terms

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

Right Season Investments Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Right Season Investments Corp (TSXV:LITT) » Definitions » Debt-to-Equity
Comparable Companies
TSXV:MNX TSX:FTU XCNQ:CLDV XCNQ:MIDO TSX:XMF.A XCNQ:LLL XCNQ:BLR XCNQ:BRCH TSXV:SGE TSX:MKZ.UN BLK BX KKR TSX:BAM OSTO:INVE A TSX:BN APO AMP LSE:III XSWX:PGHN
Traded in Other Exchanges
N/A
Address
1199 West Hastings Street, Suite 800, Vancouver, BC, CAN, V6E 3T5
Website
https://www.rightseasoninvestmentscorp.com
Right Season Investments Corp is a Canadian venture capital and advisory firm focused on investing growth capital in private and public companies in a broad range of sectors including fintech, education, natural resources, healthcare, and consumer retail services.