Legible (XCNQ:READ) Debt-to-Equity : -0.34 (As of Dec. 2023)

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What is Legible Debt-to-Equity?

Legible's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.90 Mil. Legible's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.10 Mil. Legible's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$-2.97 Mil. Legible's debt to equity for the quarter that ended in Dec. 2023 was -0.34.

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

XCNQ:READ' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.68 Med: -0.51 Max: 2.82
Current: -0.29

During the past 4 years, the highest Debt-to-Equity Ratio of Legible was 2.82. The lowest was -1.68. And the median was -0.51.

XCNQ:READ's Debt-to-Equity is not ranked
in the Media - Diversified industry.
Industry Median: 0.28 vs XCNQ:READ: -0.29

Legible Debt-to-Equity Historical Data

The historical data trend for Legible'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.

Legible Debt-to-Equity Chart

Legible Annual Data

Trend

Jun20

Jun21

Dec22

Dec23

Debt-to-Equity

-0.91

-0.50

-0.52

-0.34

Legible Quarterly Data
	Mar20	Jun20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial									-1.30	-0.52	-0.39	-0.29	-0.34

Competitive Comparison of Legible's Debt-to-Equity

For the Publishing subindustry, Legible'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.

Legible's Debt-to-Equity Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Legible's Debt-to-Equity distribution charts can be found below:

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

Legible Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Legible'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
	=	(0.897	+	0.1)	/	-2.967
	=	-0.34

Legible'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
	=	(0.897	+	0.1)	/	-2.967
	=	-0.34

Legible (XCNQ:READ) 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.

Legible Debt-to-Equity Related Terms

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

Legible (XCNQ:READ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Legible Inc (XCNQ:READ) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

LEBGF:USA D0T:Germany

Address

2230 Ontario Street, Vancouver, BC, CAN, V5T 2X2

Website

https://www.legible.com/about

Legible Inc is a book entertainment and media company. The Company has developed two high-value verticals; firstly, a browser first accessible B2C eBook entertainment platform for the emerging web with high-growth potential called legible.com - an eBook entertainment platform delivering beautiful, accessible & immersive reading for next-generation readers; and secondly, a B2B eBook conversion and production service with high-revenue potential called Legible Publishing.

Executives

Angela Jean Doll

Senior Officer

Legible (XCNQ:READ) Headlines

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