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Reco International Group (TSXV:RGI) Debt-to-Equity : -0.40 (As of Dec. 2023)


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What is Reco International Group Debt-to-Equity?

Reco International Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.30 Mil. Reco International Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.12 Mil. Reco International Group's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$-1.06 Mil. Reco International Group's debt to equity for the quarter that ended in Dec. 2023 was -0.40.

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 Reco International Group's Debt-to-Equity or its related term are showing as below:

TSXV:RGI' s Debt-to-Equity Range Over the Past 10 Years
Min: -3.18   Med: -0.17   Max: 3.76
Current: -0.4

During the past 13 years, the highest Debt-to-Equity Ratio of Reco International Group was 3.76. The lowest was -3.18. And the median was -0.17.

TSXV:RGI's Debt-to-Equity is not ranked
in the Construction industry.
Industry Median: 0.44 vs TSXV:RGI: -0.40

Reco International Group Debt-to-Equity Historical Data

The historical data trend for Reco International Group'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.

Reco International Group Debt-to-Equity Chart

Reco International Group Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.02 -1.12 -0.31 -3.18 -0.61

Reco International Group 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.15 -0.85 -0.73 -0.61 -0.40

Competitive Comparison of Reco International Group's Debt-to-Equity

For the Engineering & Construction subindustry, Reco International Group'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.

Reco International Group's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, Reco International Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Reco International Group's Debt-to-Equity falls into.


Reco International Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Reco International Group's Debt to Equity Ratio for the fiscal year 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
=(0.321 + 0.193) / -0.849
=-0.61

Reco International Group'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
=(0.304 + 0.122) / -1.059
=-0.40

* 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.

Reco International Group  (TSXV:RGI) 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.

Reco International Group Debt-to-Equity Related Terms

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

Reco International Group (TSXV:RGI) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Reco International Group Inc (TSXV:RGI) » Definitions » Debt-to-Equity
Comparable Companies
TSXV:MSP XPAR:DG NSE:LT PWR SHSE:601668 SHSE:601390 TSX:WSP J XKRX:028260 HKSE:01800 EME SHSE:601186 XPAR:EN BLD ACM SHSE:601669 HKSE:03996 FIX APG TTEK
Traded in Other Exchanges
N/A
Address
2051 Viceroy Place, Suite 100, Richmond, BC, CAN, V6V 1Y9
Website
http://www.recointernationalgroup.com
Reco International Group Inc is engaged in the business activity of commercial and residential construction and millwork. It provides services such as project management, design, millwork, and procurement. Project management services offered by the organization include the proposal, budgeting, scheduling, professional coordination, and administration of projects.