PowerBand Solutions (TSXV:PBX) Debt-to-Equity : -0.78 (As of Sep. 2023)

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What is PowerBand Solutions Debt-to-Equity?

PowerBand Solutions's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$3.18 Mil. PowerBand Solutions's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$2.32 Mil. PowerBand Solutions's Total Stockholders Equity for the quarter that ended in Sep. 2023 was C$-7.04 Mil. PowerBand Solutions's debt to equity for the quarter that ended in Sep. 2023 was -0.78.

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 PowerBand Solutions's Debt-to-Equity or its related term are showing as below:

TSXV:PBX' s Debt-to-Equity Range Over the Past 10 Years
Min: -35.18 Med: 0.15 Max: 6.57
Current: -0.78

During the past 13 years, the highest Debt-to-Equity Ratio of PowerBand Solutions was 6.57. The lowest was -35.18. And the median was 0.15.

TSXV:PBX's Debt-to-Equity is not ranked
in the Software industry.
Industry Median: 0.21 vs TSXV:PBX: -0.78

PowerBand Solutions Debt-to-Equity Historical Data

The historical data trend for PowerBand Solutions'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.

PowerBand Solutions Debt-to-Equity Chart

PowerBand Solutions Annual Data

Trend

Oct13

Oct14

Oct15

Oct16

Oct17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.15

-3.81

-7.39

1.99

0.62

PowerBand Solutions Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.32	0.62	0.89	N/A	-0.78

Competitive Comparison of PowerBand Solutions's Debt-to-Equity

For the Software - Application subindustry, PowerBand Solutions'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.

PowerBand Solutions's Debt-to-Equity Distribution in the Software Industry

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

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

PowerBand Solutions Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

PowerBand Solutions's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(2.411	+	2.516)	/	7.966
	=	0.62

PowerBand Solutions's Debt to Equity Ratio for the quarter 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
	=	(3.179	+	2.324)	/	-7.041
	=	-0.78

PowerBand Solutions (TSXV:PBX) 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.

PowerBand Solutions Debt-to-Equity Related Terms

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

PowerBand Solutions (TSXV:PBX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » PowerBand Solutions Inc (TSXV:PBX) » Definitions » Debt-to-Equity

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PWWBF:USA

Address

3385 Harvester Road, Suite 225, Burlington, ON, CAN, L7N 3N2

Website

https://www.powerbandsolutions.com

PowerBand Solutions Inc is a technology provider. It has developed a powerful suite of cloud-based transaction platforms to buy, sell, trade, finance and lease new and used vehicles, which includes real time appraisal services, market information and financing solutions. The company provides various solutions such as LiveNet, Marketplace Auction, Dynamic Appraisal, and Market Intelligence. The LiveNet Auction Portal allows Dealers to create an instant, online auction that launches a used vehicle to a vast network of the industry's top used vehicle buyers. Appraisal System is customizable to meet the respective compliance requirements.

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