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Profire Energy (Profire Energy) Debt-to-Equity : 0.01 (As of Dec. 2023)


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What is Profire Energy Debt-to-Equity?

Profire Energy's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.13 Mil. Profire Energy's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.31 Mil. Profire Energy's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $56.84 Mil. Profire Energy's debt to equity for the quarter that ended in Dec. 2023 was 0.01.

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

PFIE' s Debt-to-Equity Range Over the Past 10 Years
Min: 0   Med: 0   Max: 0.01
Current: 0.01

During the past 13 years, the highest Debt-to-Equity Ratio of Profire Energy was 0.01. The lowest was 0.00. And the median was 0.00.

PFIE's Debt-to-Equity is ranked better than
99.88% of 829 companies
in the Oil & Gas industry
Industry Median: 0.44 vs PFIE: 0.01

Profire Energy Debt-to-Equity Historical Data

The historical data trend for Profire Energy'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.

Profire Energy Debt-to-Equity Chart

Profire Energy Annual Data
Trend Mar14 Mar15 Mar16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 0.01

Profire Energy 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only - - - - 0.01

Competitive Comparison of Profire Energy's Debt-to-Equity

For the Oil & Gas Equipment & Services subindustry, Profire Energy'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.


Profire Energy's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Profire Energy's Debt-to-Equity distribution charts can be found below:

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



Profire Energy Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Profire Energy's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Profire Energy's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

* 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.


Profire Energy  (NAS:PFIE) 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.


Profire Energy Debt-to-Equity Related Terms

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


Profire Energy (Profire Energy) Business Description

Traded in Other Exchanges
Address
321 South 1250 West, Suite 1, Lindon, UT, USA, 84042
Profire Energy Inc is an oilfield technology company operating in the United States. It is engaged in the business of developing combustion management technologies for the oil and gas industry. The company specializes in the creation of burner-management systems, used on a variety of oilfield natural-draft fire tube vessels. In addition to the burner-management systems, the company also sell complementary oilfield products to its customer. Geographically, the company divides its business into two business unit namely the United States and Canada and majority of its revenue comes from the United States.
Executives
Harold Albert 10 percent owner, officer: Chief Operating Officer BAY 12, 55 ALBERTA AVE, SPRUCE GROVE A0 T7X 3A6
Bell Colleen Larkin director 333 S STATE STREET, SALT LAKE CITY UT 84145-0433
Patrick David Fisher officer: VP of Product Development 321 SOUTH 1250 WEST, LINDON UT 84042
Brenton W Hatch 10 percent owner, officer: Chief Executive Officer BAY 12, 55 ALBERTA AVE, SPRUCE GROVE A0 T7X 3A6
Cameron M. Tidball officer: CBDO 321 SOUTH 1250 WEST SUITE 1, LINDON UT 84042
Jay Grant Fugal officer: VP of Operations 321 SOUTH 1250 WEST, SUITE 1, LINDON UT 84042
Daren Shaw director 27101 PUERTA REAL, SUITE 450, MISSION VIEJO CA 92691
Ronald R Spoehel director 12015 LEE JACKSON HIGHWAY, FAIRFAX VA 22033
Ryan W Oviatt officer: Chief Financial Officer 321 SOUTH 1250 WEST SUITE 1, LINDON UT 84042
Stephen E Pirnat director 4728 EAST 98TH STREET, TULSA OK 74137
Crouch Arlen director 2566 BARCELONA DRIVE, SANDY UT 84093
Andrew Limpert director, 10 percent owner, officer: Interim CEO & CFO 1245 BRICKYARD ROAD, SUITE 590, SALT LAKE CITY UT 84106
Mike Carroll director, 10 percent owner, officer: CEO, CFO & President 408 BREWSTER LANE, SAINT SIMONS ISLAND GA 21522
Joel Arline director 1606 REYNOLDS STREET, BRUNSWICK GA 31520