BlockQuarry (BlockQuarry) Debt-to-Equity : -1.32 (As of Dec. 2022)

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What is BlockQuarry Debt-to-Equity?

BlockQuarry's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2022 was $13.01 Mil. BlockQuarry's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2022 was $0.00 Mil. BlockQuarry's Total Stockholders Equity for the quarter that ended in Dec. 2022 was $-9.84 Mil. BlockQuarry's debt to equity for the quarter that ended in Dec. 2022 was -1.32.

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

BLQC' s Debt-to-Equity Range Over the Past 10 Years
Min: -2.26 Med: -0.9 Max: -0.38
Current: -1.32

During the past 7 years, the highest Debt-to-Equity Ratio of BlockQuarry was -0.38. The lowest was -2.26. And the median was -0.90.

BLQC's Debt-to-Equity is not ranked
in the Capital Markets industry.
Industry Median: 0.35 vs BLQC: -1.32

BlockQuarry Debt-to-Equity Historical Data

The historical data trend for BlockQuarry'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.

BlockQuarry Debt-to-Equity Chart

BlockQuarry Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec21

Dec22

Debt-to-Equity

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-0.73

-0.42

-0.38

-2.26

-1.32

BlockQuarry Semi-Annual Data
	Dec14	Dec15	Dec16	Dec17	Dec18	Dec21	Dec22
Debt-to-Equity	Get a 7-Day Free Trial			-0.73	-0.42	-0.38	-2.26	-1.32

Competitive Comparison of BlockQuarry's Debt-to-Equity

For the Capital Markets subindustry, BlockQuarry'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.

BlockQuarry's Debt-to-Equity Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, BlockQuarry's Debt-to-Equity distribution charts can be found below:

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

BlockQuarry Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

BlockQuarry's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(13.005	+	0)	/	-9.837
	=	-1.32

BlockQuarry's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(13.005	+	0)	/	-9.837
	=	-1.32

BlockQuarry (OTCPK:BLQC) 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.

BlockQuarry Debt-to-Equity Related Terms

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BlockQuarry (BlockQuarry) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » BlockQuarry Corp (OTCPK:BLQC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

700 Louisiana Street, Suite 3950, Houston, TX, USA, 77002

Website

https://www.blockquarry.io

BlockQuarry Corp operates in the cryptocurrency mining industry. The cryptocurrency mining and mining equipment segment is focused on capitalizing on the Bitcoin ecosystem and its surrounding associated growth opportunities through proof-of-work mining. It also produced and sold premium liquor beverages and sold cannabinoid products.