BlockchainK2 (BlockchainK2) Debt-to-Equity : 1.73 (As of Dec. 2023)

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What is BlockchainK2 Debt-to-Equity?

BlockchainK2's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.31 Mil. BlockchainK2's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.05 Mil. BlockchainK2's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $0.21 Mil. BlockchainK2's debt to equity for the quarter that ended in Dec. 2023 was 1.73.

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 BlockchainK2's Debt-to-Equity or its related term are showing as below:

BIDCF' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.95 Med: 0.27 Max: 25
Current: 1.74

During the past 13 years, the highest Debt-to-Equity Ratio of BlockchainK2 was 25.00. The lowest was -0.95. And the median was 0.27.

BIDCF's Debt-to-Equity is ranked worse than
91.82% of 2224 companies
in the Software industry
Industry Median: 0.21 vs BIDCF: 1.74

BlockchainK2 Debt-to-Equity Historical Data

The historical data trend for BlockchainK2'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.

BlockchainK2 Debt-to-Equity Chart

BlockchainK2 Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

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0.02

0.06

1.22

1.41

BlockchainK2 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															2.19	1.44	1.00	1.41	1.73

Competitive Comparison of BlockchainK2's Debt-to-Equity

For the Software - Infrastructure subindustry, BlockchainK2'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.

BlockchainK2's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, BlockchainK2's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where BlockchainK2's Debt-to-Equity falls into.

BlockchainK2 Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

BlockchainK2'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
	=	(0.3	+	0.055)	/	0.252
	=	1.41

BlockchainK2'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
	=	(0.309	+	0.053)	/	0.209
	=	1.73

BlockchainK2 (OTCPK:BIDCF) 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.

BlockchainK2 Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of BlockchainK2's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

BlockchainK2 (BlockchainK2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » BlockchainK2 Corp (OTCPK:BIDCF) » Definitions » Debt-to-Equity

Comparable Companies

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KRL2:Germany BITK:Canada

Address

400 - 837 West Hastings Street, Vancouver, BC, CAN, V6C3N6

Website

https://www.blockchaink2.com

BlockchainK2 Corp currently operates as a holding company that invests in blockchain technology solutions for capital markets and other sectors. It has invested in separate ventures: Amplify Games Inc; iRecover Inc; and RealBlocks and Envexergy Inc. It also holds an interest in Sobe Organics Inc which is an omnichannel platform that distributes a broad line of CBD-infused products. The company operates in the following segments; Investing in blockchain technology solutions for capital markets and other sectors, Sale of health and beauty products - operated by Sobe Organics, Digital game distribution - operated by Amplify, and Addiction recovery platform services - operated by iRecover. It generates key revenue from Health and beauty products.