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Methes Energies International (Methes Energies International) Debt-to-Equity : 0.23 (As of Aug. 2023)


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What is Methes Energies International Debt-to-Equity?

Methes Energies International's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2023 was $0.09 Mil. Methes Energies International's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2023 was $1.21 Mil. Methes Energies International's Total Stockholders Equity for the quarter that ended in Aug. 2023 was $5.73 Mil. Methes Energies International's debt to equity for the quarter that ended in Aug. 2023 was 0.23.

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 Methes Energies International's Debt-to-Equity or its related term are showing as below:

MEIL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.22   Med: 0.63   Max: 1.16
Current: 0.23

During the past 5 years, the highest Debt-to-Equity Ratio of Methes Energies International was 1.16. The lowest was 0.22. And the median was 0.63.

MEIL's Debt-to-Equity is ranked worse than
71.62% of 296 companies
in the Diversified Financial Services industry
Industry Median: 0.13 vs MEIL: 0.23

Methes Energies International Debt-to-Equity Historical Data

The historical data trend for Methes Energies 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.

* Premium members only.

Methes Energies International Debt-to-Equity Chart

Methes Energies International Annual Data
Trend Nov10 Nov11 Nov12 Nov13 Nov14
Debt-to-Equity
- - 0.26 1.13 0.73

Methes Energies International Quarterly Data
Nov11 Feb12 May12 Aug12 Nov12 Feb13 May13 Aug13 Nov13 Feb14 May14 Aug14 Nov14 Feb15 May15 Aug15 May22 Aug22 May23 Aug23
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 1.02 N/A N/A 0.22 0.23

Competitive Comparison of Methes Energies International's Debt-to-Equity

For the Shell Companies subindustry, Methes Energies 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.


Methes Energies International's Debt-to-Equity Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Methes Energies International's Debt-to-Equity distribution charts can be found below:

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



Methes Energies International Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Methes Energies International's Debt to Equity Ratio for the fiscal year that ended in Nov. 2014 is calculated as

Methes Energies International's Debt to Equity Ratio for the quarter that ended in Aug. 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.


Methes Energies International  (OTCPK:MEIL) 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.


Methes Energies International Debt-to-Equity Related Terms

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


Methes Energies International (Methes Energies International) Business Description

Traded in Other Exchanges
N/A
Address
304 S. Jones Boulevard, Suite 8062, Las Vegas, NV, USA, 89107
Methes Energies International Ltd has no operations.
Executives
Johann Loewen officer: VP of Operations C/O METHES ENERGIES INTERNATIONAL LTD, 3651 LINDELL ROAD, SUITE D-272, LAS VEGAS NV 89103
Anthony T Williams director 4111 MINT WAY, DALLAS TX 75237
Kebir Ratnani director 455 BOULEVARD RENE-LEVESQUE WEST, MONTREAL A8 H2Z 1Z3
Edward A Stoltenberg officer: CFO C/O CONVERTED ORGANICS INC., 7A COMMERCIAL WHARF WEST, BOSTON MA 02110
Michel G Laporte director, 10 percent owner, officer: Chairman and CEO PARQUE EMP. FORUM, TORRE G, PISO 1, REGUS CENTER, SANTA ANA G2 126-6155
Steven Anthony officer: VP of Sales and Marketing C/O METHES ENERGIES INTERNATIONAL LTD, 3651 LINDELL ROAD, SUITE D-272, LAS VEGAS NV 89103
Keith Grafton officer: Plant Manager (Sombra) C/O METHES ENERGIES INTERNATIONAL LTD, 3651 LINDELL ROAD, SUITE D-272, LAS VEGAS NV 89103
John Pappain director C/O METHES ENERGIES INTERNATIONAL LTD, 3651 LINDELL ROAD, SUITE D-272, LAS VEGAS NV 89103
Afrin Shams officer: Chief Accounting Officer C/O METHES ENERGIES INTERNATIONAL LTD, 3651 LINDELL ROAD, SUITE D-272, LAS VEGAS NV 89103
Perichiyappan Senthilnathan director C/O METHES ENERGIES INTERNATIONAL LTD., 3651 LINDELL ROAD, SUITE D-272, LAS VEGAS NV 89103
Han Swoong Ng officer: President C/O METHES ENERGIES INTERNATIONAL LTD, 3651 LINDELL ROAD, SUITE D-272, LAS VEGAS NV 89103
Michael Hallman officer: VP of Project Management C/O METHES ENERGIES INTERNATIONAL LTD, 3651 LINDELL ROAD, SUITE D-272, LAS VEGAS NV 89103

Methes Energies International (Methes Energies International) Headlines