Legend Power Systems (TSXV:LPS) Debt-to-Equity : 0.21 (As of Jun. 2024)

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What is Legend Power Systems Debt-to-Equity?

Legend Power Systems's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was C$0.14 Mil. Legend Power Systems's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was C$0.23 Mil. Legend Power Systems's Total Stockholders Equity for the quarter that ended in Jun. 2024 was C$1.73 Mil. Legend Power Systems's debt to equity for the quarter that ended in Jun. 2024 was 0.21.

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 Legend Power Systems's Debt-to-Equity or its related term are showing as below:

TSXV:LPS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.05 Max: 0.23
Current: 0.21

During the past 13 years, the highest Debt-to-Equity Ratio of Legend Power Systems was 0.23. The lowest was 0.03. And the median was 0.05.

TSXV:LPS's Debt-to-Equity is ranked better than
59.98% of 2631 companies
in the Industrial Products industry
Industry Median: 0.29 vs TSXV:LPS: 0.21

Legend Power Systems Debt-to-Equity Historical Data

The historical data trend for Legend Power Systems'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.

Legend Power Systems Debt-to-Equity Chart

Legend Power Systems Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

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0.07

0.03

0.04

0.11

Legend Power Systems Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Debt-to-Equity	Get a 7-Day Free Trial															0.05	0.11	0.13	0.19	0.21

Competitive Comparison of Legend Power Systems's Debt-to-Equity

For the Electrical Equipment & Parts subindustry, Legend Power Systems'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.

Legend Power Systems's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Legend Power Systems's Debt-to-Equity distribution charts can be found below:

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

Legend Power Systems Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Legend Power Systems's Debt to Equity Ratio for the fiscal year 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
	=	(0.114	+	0.312)	/	3.995
	=	0.11

Legend Power Systems's Debt to Equity Ratio for the quarter 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
	=	(0.138	+	0.227)	/	1.731
	=	0.21

Legend Power Systems (TSXV:LPS) 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.

Legend Power Systems Debt-to-Equity Related Terms

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Legend Power Systems Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Legend Power Systems Inc (TSXV:LPS) » Definitions » Debt-to-Equity

Comparable Companies

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LPSIF:USA XLE1:Germany

Address

1480 Frances Street, Vancouver, BC, CAN, V5L 1Y9

Website

https://www.legendpower.com

Legend Power Systems Inc together with its subsidiaries provides electrical energy conservation solutions to commercial and industrial customers in Canada. The Company's principal business activities are the assembly, marketing and sale of a patented device which is the SmartGATE, which enables dynamic power management of an entire commercial or industrial building. Business operating segments are based on geographical location of sale and installation of the SmartGATE products: Legend Power Systems Canada and Legend Power Systems Corp - U.S. Geographically, it derives a majority of revenue from Canada and also has a presence in the United States.

Executives

David Dean Guebert

Director

Legend Power Systems Headlines

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