Pacific Green Technologies (Pacific Green Technologies) Debt-to-Equity : 0.21 (As of Dec. 2023)

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What is Pacific Green Technologies Debt-to-Equity?

Pacific Green Technologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $2.74 Mil. Pacific Green Technologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.64 Mil. Pacific Green Technologies's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $16.51 Mil. Pacific Green Technologies's debt to equity for the quarter that ended in Dec. 2023 was 0.20.

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 Pacific Green Technologies's Debt-to-Equity or its related term are showing as below:

PGTK' s Debt-to-Equity Range Over the Past 10 Years
Min: -3.17 Med: 0.12 Max: 16.03
Current: 0.21

During the past 13 years, the highest Debt-to-Equity Ratio of Pacific Green Technologies was 16.03. The lowest was -3.17. And the median was 0.12.

PGTK's Debt-to-Equity is ranked better than
59.5% of 2622 companies
in the Industrial Products industry
Industry Median: 0.29 vs PGTK: 0.21

Pacific Green Technologies Debt-to-Equity Historical Data

The historical data trend for Pacific Green Technologies'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.

Pacific Green Technologies Debt-to-Equity Chart

Pacific Green Technologies Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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0.01

0.12

0.08

0.10

-3.17

Pacific Green Technologies 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															16.03	-3.17	0.02	4.90	0.21

Competitive Comparison of Pacific Green Technologies's Debt-to-Equity

For the Pollution & Treatment Controls subindustry, Pacific Green Technologies'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.

Pacific Green Technologies's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Pacific Green Technologies's Debt-to-Equity distribution charts can be found below:

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

Pacific Green Technologies Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Pacific Green Technologies's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(2.605	+	0.085)	/	-0.848
	=	-3.17

Pacific Green Technologies'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
	=	(2.74	+	0.638)	/	16.511
	=	0.20

Pacific Green Technologies (OTCPK:PGTK) 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.

Pacific Green Technologies Debt-to-Equity Related Terms

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Pacific Green Technologies (Pacific Green Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Pacific Green Technologies Inc (OTCPK:PGTK) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 The Green, Suite 10212, Dover, DE, USA, 19901

Website

https://www.pacificgreen-group.com

Pacific Green Technologies Inc is engaged in developing emission control systems technology. The company design, manufactures, and implements flue gas emission control systems throughout the world. It offers a product such as ENVI-Marine for the marine industry, ENVI-Pure for the waste-to-energy and biomass industries, and ENVI-Clean is designed for coal-fired power electricity generation and industrial plants involved in steel generation. Geographically, it has a presence in North America, Asia, and Europe of which it derives a majority of its revenue from the Europe region.

Executives

Fresh Air Investments (canada) Ltd.	10 percent owner	409-221 W. ESPLANADE, NORTH VANCOUVER A1 V7M 3J3
Twynam Investments Proprietary Ltd	10 percent owner, other: Chief Financial Officer	226 LIVERPOOL STREET, DARLINGHURST, SYDNEY C3 2010
Richard Fraser-smith	officer: Chief Financial Officer	7 NIGHTINGALE ROAD, HAMPTON, MIDDLESEX X0 TW12 3HU
Pacific Green Group Ltd	10 percent owner	BISON COURT, ROAD TOWN, TORTOLA D8 0000
Alexander Shead	director	10/50 BERRY STREET, NORTH SYDNEY NSW C3 0000
Chris Williams	director	335A THORPE ROAD, PETERBOROUGH CAMBS X0 PE3 6LU
Andrew Jolly	director	SOPHIA HOUSE, 28 CATHEDRAL ROAD, CARDIFF X0 CF911 9LJ
Neil Carmichael	director	5205 PROSPECT ROAD, SUITE 135 - 226, SAN JOSE CA 95129
Jordan Starkman	director, officer: President/Secretary/Treasurer	5205 PROSPECT ROAD, SUITE 135 - 226, SAN JOSE CA 95129