MiniLuxe Holding (TSXV:MNLX) Debt-to-Equity : -5.40 (As of Mar. 2024)

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What is MiniLuxe Holding Debt-to-Equity?

MiniLuxe Holding's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$1.86 Mil. MiniLuxe Holding's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$15.07 Mil. MiniLuxe Holding's Total Stockholders Equity for the quarter that ended in Mar. 2024 was C$-3.14 Mil. MiniLuxe Holding's debt to equity for the quarter that ended in Mar. 2024 was -5.40.

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 MiniLuxe Holding's Debt-to-Equity or its related term are showing as below:

TSXV:MNLX' s Debt-to-Equity Range Over the Past 10 Years
Min: -19.29 Med: 0.49 Max: 2.89
Current: -5.4

During the past 7 years, the highest Debt-to-Equity Ratio of MiniLuxe Holding was 2.89. The lowest was -19.29. And the median was 0.49.

TSXV:MNLX's Debt-to-Equity is not ranked
in the Personal Services industry.
Industry Median: 0.735 vs TSXV:MNLX: -5.40

MiniLuxe Holding Debt-to-Equity Historical Data

The historical data trend for MiniLuxe Holding'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.

MiniLuxe Holding Debt-to-Equity Chart

MiniLuxe Holding Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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-0.44

-0.57

0.49

1.06

-19.29

MiniLuxe Holding Quarterly Data
	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial													1.03	1.54	2.89	-19.29	-5.40

Competitive Comparison of MiniLuxe Holding's Debt-to-Equity

For the Personal Services subindustry, MiniLuxe Holding'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.

MiniLuxe Holding's Debt-to-Equity Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, MiniLuxe Holding's Debt-to-Equity distribution charts can be found below:

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

MiniLuxe Holding Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

MiniLuxe Holding'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
	=	(1.865	+	13.816)	/	-0.813
	=	-19.29

MiniLuxe Holding's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(1.858	+	15.068)	/	-3.135
	=	-5.40

MiniLuxe Holding (TSXV:MNLX) 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.

MiniLuxe Holding Debt-to-Equity Related Terms

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

MiniLuxe Holding (TSXV:MNLX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » MiniLuxe Holding Corp (TSXV:MNLX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

MNLXF:USA

Address

20 Holly Street, Suite 300, Toronto, ON, CAN

Website

MiniLuxe Holding Corp owns and operates nail and beauty salons and provides consumers with nail, hand, foot care, and waxing services, and sells personal beauty products. The Company operates in only one geographical region which is the United States of America.

MiniLuxe Holding (TSXV:MNLX) Headlines

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