EpicQuest Education Group International (EpicQuest Education Group International) Debt-to-Equity : 0.12 (As of Sep. 2023)

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What is EpicQuest Education Group International Debt-to-Equity?

EpicQuest Education Group International's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.56 Mil. EpicQuest Education Group International's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.57 Mil. EpicQuest Education Group International's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $9.14 Mil. EpicQuest Education Group International's debt to equity for the quarter that ended in Sep. 2023 was 0.12.

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 EpicQuest Education Group International's Debt-to-Equity or its related term are showing as below:

EEIQ' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05 Med: 0.07 Max: 0.12
Current: 0.12

During the past 6 years, the highest Debt-to-Equity Ratio of EpicQuest Education Group International was 0.12. The lowest was 0.05. And the median was 0.07.

EEIQ's Debt-to-Equity is ranked better than
73.54% of 223 companies
in the Education industry
Industry Median: 0.34 vs EEIQ: 0.12

EpicQuest Education Group International Debt-to-Equity Historical Data

The historical data trend for EpicQuest Education Group International'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.

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EpicQuest Education Group International Debt-to-Equity Chart

EpicQuest Education Group International Annual Data

Trend

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

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0.05

0.07

0.12

EpicQuest Education Group International Semi-Annual Data
	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial						0.05	0.09	0.07	0.12	0.12

Competitive Comparison of EpicQuest Education Group International's Debt-to-Equity

For the Education & Training Services subindustry, EpicQuest Education Group International'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.

EpicQuest Education Group International's Debt-to-Equity Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, EpicQuest Education Group International's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where EpicQuest Education Group International's Debt-to-Equity falls into.

EpicQuest Education Group International Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

EpicQuest Education Group International's Debt to Equity Ratio for the fiscal year that ended in Sep. 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
	=	(0.559	+	0.571)	/	9.143
	=	0.12

EpicQuest Education Group International's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(0.559	+	0.571)	/	9.143
	=	0.12

EpicQuest Education Group International (NAS:EEIQ) 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.

EpicQuest Education Group International Debt-to-Equity Related Terms

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EpicQuest Education Group International (EpicQuest Education Group International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » EpicQuest Education Group International Ltd (NAS:EEIQ) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1209 North University Boulevard, Middletown, OH, USA, 45042

Website

https://www.epicquesteducation.com

EpicQuest Education Group International Ltd provides comprehensive education solutions for domestic and international students interested in university and college degree programs in the U.S., Canada, and the UK. In addition, the company has a recruiting relationship with the regional campuses of Miami University of Ohio, where it maintains residential facilities, a full-service cafeteria, recreational facilities, shuttle buses, and an office for the regional campuses that provides study abroad and post-study services for its students; these facilities are not owned, maintained, operated or are a part of Miami University.