Minehub Technologies (TSXV:MHUB) Debt-to-Equity : 9.88 (As of Jul. 2024)

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What is Minehub Technologies Debt-to-Equity?

Minehub Technologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jul. 2024 was C$0.87 Mil. Minehub Technologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jul. 2024 was C$0.00 Mil. Minehub Technologies's Total Stockholders Equity for the quarter that ended in Jul. 2024 was C$0.09 Mil. Minehub Technologies's debt to equity for the quarter that ended in Jul. 2024 was 9.88.

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 Minehub Technologies's Debt-to-Equity or its related term are showing as below:

TSXV:MHUB' s Debt-to-Equity Range Over the Past 10 Years
Min: -16.84 Med: 0.27 Max: 9.88
Current: 9.88

During the past 5 years, the highest Debt-to-Equity Ratio of Minehub Technologies was 9.88. The lowest was -16.84. And the median was 0.27.

TSXV:MHUB's Debt-to-Equity is ranked worse than
99.14% of 2210 companies
in the Software industry
Industry Median: 0.22 vs TSXV:MHUB: 9.88

Minehub Technologies Debt-to-Equity Historical Data

The historical data trend for Minehub Technologies'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.

Minehub Technologies Debt-to-Equity Chart

Minehub Technologies Annual Data

Trend

Jan20

Jan21

Jan22

Jan23

Jan24

Debt-to-Equity

-0.54

-0.98

0.65

-16.84

0.31

Minehub Technologies Quarterly Data
	Jan20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
Debt-to-Equity	Get a 7-Day Free Trial													9.71	2.77	0.31	0.25	9.88

Competitive Comparison of Minehub Technologies's Debt-to-Equity

For the Software - Application subindustry, Minehub Technologies'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.

Minehub Technologies's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, Minehub Technologies's Debt-to-Equity distribution charts can be found below:

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

Minehub Technologies Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Minehub Technologies's Debt to Equity Ratio for the fiscal year that ended in Jan. 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
	=	(0.867	+	0)	/	2.768
	=	0.31

Minehub Technologies's Debt to Equity Ratio for the quarter that ended in Jul. 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
	=	(0.869	+	0)	/	0.088
	=	9.88

Minehub Technologies (TSXV:MHUB) 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.

Minehub Technologies Debt-to-Equity Related Terms

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Minehub Technologies Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Minehub Technologies Inc (TSXV:MHUB) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

MHUBF:USA 2RS0:Germany

Address

1030 West Georgia Street, Suite 717, Vancouver, BC, CAN, V6E 2Y3

Website

https://www.minehub.com

Minehub Technologies Inc is a technology company engaged in the development and operation of a digital supply chain platform for the commodity markets.

Executives

Gordon Troy Bullock

Director

Minehub Technologies Headlines

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