Omni-Lite Industries Canada (TSXV:OML) Debt-to-Equity : 0.44 (As of Dec. 2023)

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What is Omni-Lite Industries Canada Debt-to-Equity?

Omni-Lite Industries Canada's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.44 Mil. Omni-Lite Industries Canada's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$7.59 Mil. Omni-Lite Industries Canada's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$18.12 Mil. Omni-Lite Industries Canada's debt to equity for the quarter that ended in Dec. 2023 was 0.44.

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 Omni-Lite Industries Canada's Debt-to-Equity or its related term are showing as below:

TSXV:OML' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.1 Med: 0.44 Max: 0.5
Current: 0.44

During the past 13 years, the highest Debt-to-Equity Ratio of Omni-Lite Industries Canada was 0.50. The lowest was 0.10. And the median was 0.44.

TSXV:OML's Debt-to-Equity is ranked worse than
61.52% of 2622 companies
in the Industrial Products industry
Industry Median: 0.29 vs TSXV:OML: 0.44

Omni-Lite Industries Canada Debt-to-Equity Historical Data

The historical data trend for Omni-Lite Industries Canada'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.

Omni-Lite Industries Canada Debt-to-Equity Chart

Omni-Lite Industries Canada Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.10

0.13

0.46

0.50

0.44

Omni-Lite Industries Canada Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.50	0.50	0.49	0.48	0.44

Competitive Comparison of Omni-Lite Industries Canada's Debt-to-Equity

For the Metal Fabrication subindustry, Omni-Lite Industries Canada'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.

Omni-Lite Industries Canada's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Omni-Lite Industries Canada's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Omni-Lite Industries Canada's Debt-to-Equity falls into.

Omni-Lite Industries Canada Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Omni-Lite Industries Canada'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
	=	(0.435	+	7.592)	/	18.121
	=	0.44

Omni-Lite Industries Canada's Debt to Equity Ratio for the quarter 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
	=	(0.435	+	7.592)	/	18.121
	=	0.44

Omni-Lite Industries Canada (TSXV:OML) 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.

Omni-Lite Industries Canada Debt-to-Equity Related Terms

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Omni-Lite Industries Canada (TSXV:OML) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Omni-Lite Industries Canada Inc (TSXV:OML) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

OLNCF:USA

Address

902-18 King Street East, Toronto, ON, CAN, M5C 1C4

Website

https://www.omni-lite.com

Omni-Lite Industries Canada Inc is a developer and manufacturer of precision components, with the use of advanced composite materials and cold forging techniques, for mission-critical applications. The company's products have application in various sectors including aerospace, military, specialty automotive and sports and recreational industries. Its geographical areas of operations are in the United States, Canada, and Barbados, of which key revenue is generated from the United States.

Omni-Lite Industries Canada (TSXV:OML) Headlines

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