Kraken Robotics (TSXV:PNG) Debt-to-Equity : 0.34 (As of Sep. 2024)

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What is Kraken Robotics Debt-to-Equity?

Kraken Robotics's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$2.34 Mil. Kraken Robotics's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$17.88 Mil. Kraken Robotics's Total Stockholders Equity for the quarter that ended in Sep. 2024 was C$58.91 Mil. Kraken Robotics's debt to equity for the quarter that ended in Sep. 2024 was 0.34.

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 Kraken Robotics's Debt-to-Equity or its related term are showing as below:

TSXV:PNG' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.14 Med: 0.34 Max: 1.66
Current: 0.34

During the past 13 years, the highest Debt-to-Equity Ratio of Kraken Robotics was 1.66. The lowest was -1.14. And the median was 0.34.

TSXV:PNG's Debt-to-Equity is ranked worse than
54.92% of 2163 companies
in the Hardware industry
Industry Median: 0.29 vs TSXV:PNG: 0.34

Kraken Robotics Debt-to-Equity Historical Data

The historical data trend for Kraken Robotics'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.

Kraken Robotics Debt-to-Equity Chart

Kraken Robotics Annual Data

Trend

Sep14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.20

0.31

0.55

0.69

0.51

Kraken Robotics Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															0.42	0.51	0.44	0.37	0.34

Competitive Comparison of Kraken Robotics's Debt-to-Equity

For the Scientific & Technical Instruments subindustry, Kraken Robotics'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.

Kraken Robotics's Debt-to-Equity Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Kraken Robotics's Debt-to-Equity distribution charts can be found below:

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

Kraken Robotics Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kraken Robotics'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
	=	(12.304	+	3.899)	/	32.059
	=	0.51

Kraken Robotics'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
	=	(2.336	+	17.884)	/	58.913
	=	0.34

Kraken Robotics (TSXV:PNG) 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.

Kraken Robotics Debt-to-Equity Related Terms

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

Kraken Robotics Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Kraken Robotics Inc (TSXV:PNG) » Definitions » Debt-to-Equity

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KRKNF:USA 2KQ:Germany

Address

189 Glencoe Drive, Mount Pearl, NL, CAN, A1N 4P6

Website

https://www.krakenrobotics.com

Kraken Robotics Inc is a Canadian company that supplies sonar and optical sensors, batteries, and underwater robotics equipment and services for military and commercial applications. It operates in the business segments of Products which is the design, manufacture, and sale of equipment including underwater vehicle platforms, Synthetic Aperture Sonar, and subsea power equipment; and Services which is the provision of services for underwater sonar and laser scanner sensor equipment and underwater vehicle platforms. It generates the majority of its revenue from the Products segment.

Executives

David Shea	Senior Officer
Duane Joseph Alexander Mackay	Senior Officer
Gregory Michael Reid	Senior Officer
Limited Ocean Infinity	10% Security Holder
Karl Andrew Kenny	10% Security Holder, Director, Senior Officer
Michael Shaun Mcewan	Director
Moya Nora Cahill	Director

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