EvokAI Creative Labs (TSXV:OKAI) Debt-to-Equity : -0.86 (As of Sep. 2024)

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What is EvokAI Creative Labs Debt-to-Equity?

EvokAI Creative Labs's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$0.18 Mil. EvokAI Creative Labs's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$0.96 Mil. EvokAI Creative Labs's Total Stockholders Equity for the quarter that ended in Sep. 2024 was C$-1.32 Mil. EvokAI Creative Labs's debt to equity for the quarter that ended in Sep. 2024 was -0.86.

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 EvokAI Creative Labs's Debt-to-Equity or its related term are showing as below:

TSXV:OKAI' s Debt-to-Equity Range Over the Past 10 Years
Min: -2.77 Med: -0.96 Max: -0.26
Current: -0.86

During the past 3 years, the highest Debt-to-Equity Ratio of EvokAI Creative Labs was -0.26. The lowest was -2.77. And the median was -0.96.

TSXV:OKAI's Debt-to-Equity is not ranked
in the Healthcare Providers & Services industry.
Industry Median: 0.44 vs TSXV:OKAI: -0.86

EvokAI Creative Labs Debt-to-Equity Historical Data

The historical data trend for EvokAI Creative Labs'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.

EvokAI Creative Labs Debt-to-Equity Chart

EvokAI Creative Labs Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Equity

-2.77

EvokAI Creative Labs Quarterly Data
	Dec21	Mar22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial						N/A	-2.77	-1.32	-0.96	-0.86

Competitive Comparison of EvokAI Creative Labs's Debt-to-Equity

For the Health Information Services subindustry, EvokAI Creative Labs'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.

EvokAI Creative Labs's Debt-to-Equity Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, EvokAI Creative Labs's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where EvokAI Creative Labs's Debt-to-Equity falls into.

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EvokAI Creative Labs Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

EvokAI Creative Labs'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
	=	(0.146	+	0.91)	/	-0.381
	=	-2.77

EvokAI Creative Labs'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
	=	(0.18	+	0.959)	/	-1.323
	=	-0.86

EvokAI Creative Labs (TSXV:OKAI) 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.

EvokAI Creative Labs Debt-to-Equity Related Terms

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EvokAI Creative Labs Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » EvokAI Creative Labs Inc (TSXV:OKAI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

609 Granville Street, Suite 1600, PO Box 10068, Pacific Centre, Vancouver, BC, CAN, V7Y 1C3

Website

https://www.evokailabs.com

EvokAI Creative Labs Inc is a medtech artificial-intelligence-powered company. It deploys machine learning models to search medical data and uncover insights to help improve health outcomes, patient experiences, drug development, preclinical and clinical decisions, and provide more accurate diagnoses. EvokAI tailors its AI algorithms across the whole healthcare system, from hospitals, private clinics, research institutions, pharmaceutical companies, and contract research organizations to medical professionals, patients, and healthy individuals aiming at preventing and early detecting any kind of disease and beyond, protecting the aging genome.

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