Greenwave Technology Solutions (Greenwave Technology Solutions) Debt-to-Equity : -8.67 (As of Dec. 2023)

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What is Greenwave Technology Solutions Debt-to-Equity?

Greenwave Technology Solutions's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $11.01 Mil. Greenwave Technology Solutions's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $27.60 Mil. Greenwave Technology Solutions's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-4.45 Mil. Greenwave Technology Solutions's debt to equity for the quarter that ended in Dec. 2023 was -8.67.

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 Greenwave Technology Solutions's Debt-to-Equity or its related term are showing as below:

GWAV' s Debt-to-Equity Range Over the Past 10 Years
Min: -8.67 Med: -0.1 Max: 1.1
Current: -8.67

During the past 11 years, the highest Debt-to-Equity Ratio of Greenwave Technology Solutions was 1.10. The lowest was -8.67. And the median was -0.10.

GWAV's Debt-to-Equity is not ranked
in the Waste Management industry.
Industry Median: 0.69 vs GWAV: -8.67

Greenwave Technology Solutions Debt-to-Equity Historical Data

The historical data trend for Greenwave Technology Solutions'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.

Greenwave Technology Solutions Debt-to-Equity Chart

Greenwave Technology Solutions Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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-0.19

-0.09

-0.45

1.10

-8.67

Greenwave Technology Solutions 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															1.10	1.92	2.32	-121.64	-8.67

Competitive Comparison of Greenwave Technology Solutions's Debt-to-Equity

For the Waste Management subindustry, Greenwave Technology Solutions'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.

Greenwave Technology Solutions's Debt-to-Equity Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Greenwave Technology Solutions's Debt-to-Equity distribution charts can be found below:

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

Greenwave Technology Solutions Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Greenwave Technology Solutions'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
	=	(11.009	+	27.597)	/	-4.454
	=	-8.67

Greenwave Technology Solutions'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
	=	(11.009	+	27.597)	/	-4.454
	=	-8.67

Greenwave Technology Solutions (NAS:GWAV) 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.

Greenwave Technology Solutions Debt-to-Equity Related Terms

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

Greenwave Technology Solutions (Greenwave Technology Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Greenwave Technology Solutions Inc (NAS:GWAV) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

4016 Raintree Road, Suite 300, Chesapeake, VA, USA, 23321

Website

https://www.greenwavetechnologysolutions.com

Greenwave Technology Solutions Inc, through its subsidiary, is an operator of several metal recycling facilities in Virginia and North Carolina. At these facilities, the company is involved in collecting, classifying, and processing raw scrap metal (ferrous and nonferrous) for recycling. The company's products are selling ferrous metal, which is used in the recycling and production of finished steel. It is categorized into heavy melting steel, plate and structural, and shredded scrap. and it also processes nonferrous metals such as aluminum, copper, stainless steel, nickel, brass, titanium, alloys, and mixed metal products.

Executives

Jason T Adelman	director	900 PARK AVENUE, APARTMENT 15A, NEW YORK NY 10021
Henry Iii Sicignano	director	8201 MAIN STREET, SUITE 6, WILLIAMSVILLE NY 14221
Danny Meeks	director, other: Chairman of the BOD	1560 BROADWAY, SUITE 17-105, DENVER CO 80202
Ashley Elizabeth Sickles	officer: Chief Financial Officer	531 FOXGATE QUARTER, CHESAPEAKE VA 23322
John Bryan Plumlee	director	277 SUBURBAN DRIVE, SUFFOLK VA 23434
Howard Jordan	officer: Chief Financial Officer	277 SUBURBAN DRIVE, SUFFOLK VA 23434
Cheryl Elizabeth Lanthorn	director	277 SUBURBAN DRIVE, SUFFOLK VA 23434
John D. Wood	director	520 BUSHNELL DRIVE, VIRGINIA BEACH VA 23451
Isaac Dietrich	director, officer: Chief Executive Officer	1624 MARKET STREET, SUITE 201, DENVER CO 80202
Charles Blum	director	1505 UPLAND HILLS DRIVE NORTH, UPLAND CA 91784
Jesus Quintero	officer: Chief Financial Officer	16860 SOUTHWEST 1ST STREET, PEMBROKE PINES FL 33027
Graham Farrar	director	2420 17TH STREET, OFFICE 3118, DENVER CO 80202
Cecil Bond Kyte	director	5125 LANKERSHIM BOULEVARD, NORTH HOLLYWOOD CA 91601
Scott C Kveton	officer: Chief Executive Officer	1624 MARKET STREET, SUITE 201, DENVER CO 80202
Osborn Steven Lee Ii	officer: Chief Technology Officer	761 SE 65TH PL, HILLSBORO OR 97123