Sanibel Ventures (TSXV:SBEL.P) Debt-to-Equity : -0.70 (As of Dec. 2023)

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What is Sanibel Ventures Debt-to-Equity?

Sanibel Ventures's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.04 Mil. Sanibel Ventures's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil. Sanibel Ventures's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$-0.06 Mil. Sanibel Ventures's debt to equity for the quarter that ended in Dec. 2023 was -0.70.

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 Sanibel Ventures's Debt-to-Equity or its related term are showing as below:

TSXV:SBEL.P' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.11 Med: -0.95 Max: -0.7
Current: -0.7

During the past 6 years, the highest Debt-to-Equity Ratio of Sanibel Ventures was -0.70. The lowest was -1.11. And the median was -0.95.

TSXV:SBEL.P's Debt-to-Equity is not ranked
in the Diversified Financial Services industry.
Industry Median: 0.12 vs TSXV:SBEL.P: -0.70

Sanibel Ventures Debt-to-Equity Historical Data

The historical data trend for Sanibel Ventures'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.

Sanibel Ventures Debt-to-Equity Chart

Sanibel Ventures Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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Sanibel Ventures 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															-	-	-1.11	-0.95	-0.70

Competitive Comparison of Sanibel Ventures's Debt-to-Equity

For the Shell Companies subindustry, Sanibel Ventures'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.

Sanibel Ventures's Debt-to-Equity Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Sanibel Ventures's Debt-to-Equity distribution charts can be found below:

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

Sanibel Ventures Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sanibel Ventures's Debt to Equity Ratio for the fiscal year that ended in Mar. 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	+	0)	/	-0.023
	=	0.00

Sanibel Ventures'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
	=	(0.04	+	0)	/	-0.057
	=	-0.70

Sanibel Ventures (TSXV:SBEL.P) 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.

Sanibel Ventures Debt-to-Equity Related Terms

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

Sanibel Ventures (TSXV:SBEL.P) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Sanibel Ventures Corp (TSXV:SBEL.P) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

67 East 5th Avenue, Vancouver, BC, CAN, V5T 1G7

Website

Sanibel Ventures Corp is a capital pool company. The purpose of the company is to identify and evaluate businesses or assets with a view to completing a qualifying transaction.

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