DevvStream Holdings (NEOE:DESG) Debt-to-Equity : -0.10 (As of Jan. 2024)

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What is DevvStream Holdings Debt-to-Equity?

DevvStream Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$0.59 Mil. DevvStream Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$0.00 Mil. DevvStream Holdings's Total Stockholders Equity for the quarter that ended in Jan. 2024 was C$-5.70 Mil. DevvStream Holdings's debt to equity for the quarter that ended in Jan. 2024 was -0.10.

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

NEOE:DESG' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.1 Med: -0.07 Max: -0.04
Current: -0.1

During the past 2 years, the highest Debt-to-Equity Ratio of DevvStream Holdings was -0.04. The lowest was -0.10. And the median was -0.07.

NEOE:DESG's Debt-to-Equity is not ranked
in the Industrial Products industry.
Industry Median: 0.29 vs NEOE:DESG: -0.10

DevvStream Holdings Debt-to-Equity Historical Data

The historical data trend for DevvStream Holdings'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.

DevvStream Holdings Debt-to-Equity Chart

DevvStream Holdings Annual Data

Trend

Jul22

Jul23

Debt-to-Equity

DevvStream Holdings Quarterly Data
	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Debt-to-Equity	Get a 7-Day Free Trial				-	-	-	-0.04	-0.10

Competitive Comparison of DevvStream Holdings's Debt-to-Equity

For the Pollution & Treatment Controls subindustry, DevvStream Holdings'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.

DevvStream Holdings's Debt-to-Equity Distribution in the Industrial Products Industry

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

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

DevvStream Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

DevvStream Holdings's Debt to Equity Ratio for the fiscal year that ended in Jul. 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	+	0)	/	-0.073
	=	0.00

DevvStream Holdings's Debt to Equity Ratio for the quarter that ended in Jan. 2024 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
	=	(0.588	+	0)	/	-5.697
	=	-0.10

DevvStream Holdings (NEOE:DESG) 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.

DevvStream Holdings Debt-to-Equity Related Terms

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DevvStream Holdings (NEOE:DESG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » DevvStream Holdings Inc (NEOE:DESG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

DSTRF:USA CQ0:Germany

Address

2133-1177 W. Hastings Street, Vancouver, BC, CAN, V6E 2K3

Website

https://www.devvstream.com

DevvStream Holdings Inc is an Environmental Social and Governance (ESG) principled, high-tech, impact investing company focused on high quality and high return carbon credit generating projects. DES offers investors exposure to carbon credits, a key instrument used to reduce emissions of carbon dioxide and other greenhouse gases from industrial activities to reduce the effects of global warming.

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