American Aires (XCNQ:WIFI) Debt-to-Equity : 0.17 (As of Sep. 2024)

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What is American Aires Debt-to-Equity?

American Aires's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$0.51 Mil. American Aires's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was C$0.06 Mil. American Aires's Total Stockholders Equity for the quarter that ended in Sep. 2024 was C$3.36 Mil. American Aires's debt to equity for the quarter that ended in Sep. 2024 was 0.17.

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 American Aires's Debt-to-Equity or its related term are showing as below:

XCNQ:WIFI' s Debt-to-Equity Range Over the Past 10 Years
Min: -143.78 Med: 0.02 Max: 0.9
Current: 0.17

During the past 6 years, the highest Debt-to-Equity Ratio of American Aires was 0.90. The lowest was -143.78. And the median was 0.02.

XCNQ:WIFI's Debt-to-Equity is ranked better than
62.04% of 2176 companies
in the Hardware industry
Industry Median: 0.28 vs XCNQ:WIFI: 0.17

American Aires Debt-to-Equity Historical Data

The historical data trend for American Aires'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.

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American Aires Debt-to-Equity Chart

American Aires Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.01

0.03

0.90

-0.74

-0.17

American Aires 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															-0.63	-0.17	0.71	0.41	0.17

Competitive Comparison of American Aires's Debt-to-Equity

For the Electronic Components subindustry, American Aires'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.

American Aires's Debt-to-Equity Distribution in the Hardware Industry

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

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

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American Aires Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

American Aires'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
	=	(0.287	+	0.06)	/	-2.095
	=	-0.17

American Aires'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
	=	(0.513	+	0.06)	/	3.355
	=	0.17

American Aires (XCNQ:WIFI) 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.

American Aires Debt-to-Equity Related Terms

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

American Aires Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » American Aires Inc (XCNQ:WIFI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

AAIRF:USA A5A0:Germany

Address

400 Applewood Crescent, Suite 100, Vaughan, ON, CAN, L4K 0C3

Website

https://www.airestech.com

American Aires Inc is engaged in the production, distribution, and sales of electromagnetic protection devices. The company has three products: Air Shield Pro, Aires Defender Pro, Aires Guardian, and other products in the development phase.

Executives