RDARS (XCNQ:RDRS) Debt-to-Equity : -0.93 (As of Aug. 2023)

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What is RDARS Debt-to-Equity?

RDARS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2023 was C$1.66 Mil. RDARS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2023 was C$0.01 Mil. RDARS's Total Stockholders Equity for the quarter that ended in Aug. 2023 was C$-1.81 Mil. RDARS's debt to equity for the quarter that ended in Aug. 2023 was -0.93.

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

XCNQ:RDRS' s Debt-to-Equity Range Over the Past 10 Years
Min: -2.22 Med: -0.77 Max: 7.83
Current: -0.93

During the past 2 years, the highest Debt-to-Equity Ratio of RDARS was 7.83. The lowest was -2.22. And the median was -0.77.

XCNQ:RDRS's Debt-to-Equity is not ranked
in the Hardware industry.
Industry Median: 0.29 vs XCNQ:RDRS: -0.93

RDARS Debt-to-Equity Historical Data

The historical data trend for RDARS'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.

RDARS Debt-to-Equity Chart

RDARS Annual Data

Trend

Nov21

Nov22

Debt-to-Equity

-0.62

7.83

RDARS Quarterly Data
	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23
Debt-to-Equity	Get a 7-Day Free Trial				2.21	7.83	-2.22	-1.21	-0.93

Competitive Comparison of RDARS's Debt-to-Equity

For the Computer Hardware subindustry, RDARS'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.

RDARS's Debt-to-Equity Distribution in the Hardware Industry

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

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

RDARS Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

RDARS's Debt to Equity Ratio for the fiscal year that ended in Nov. 2022 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
	=	(0.586	+	0.596)	/	0.151
	=	7.83

RDARS's Debt to Equity Ratio for the quarter that ended in Aug. 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
	=	(1.663	+	0.013)	/	-1.81
	=	-0.93

RDARS (XCNQ:RDRS) 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.

RDARS Debt-to-Equity Related Terms

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

RDARS (XCNQ:RDRS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » RDARS Inc (XCNQ:RDRS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

RDRSF:USA

Address

2 Covington Road, Suite 507, North York, ON, CAN, M6A 3E2

Website

https://www.rdars.com

RDARS Inc is an early-stage autonomous robotics and drone technology company in the process of developing various autonomous technologies, including, a drone that augments security systems for residential, commercial, and industrial applications. The company offers proprietary autonomous robotic platforms, including, a drone aircraft, drone station, and unmanned autonomous ground vehicle solutions that enable real-time alarm response, verification, intervention, reporting, and evidence recording.

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