Maritime Launch Services (NEOE:MAXQ) Debt-to-Equity : 29.39 (As of Mar. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Maritime Launch Services Debt-to-Equity?

Maritime Launch Services's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$10.22 Mil. Maritime Launch Services's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.16 Mil. Maritime Launch Services's Total Stockholders Equity for the quarter that ended in Mar. 2024 was C$0.35 Mil. Maritime Launch Services's debt to equity for the quarter that ended in Mar. 2024 was 29.39.

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 Maritime Launch Services's Debt-to-Equity or its related term are showing as below:

NEOE:MAXQ' s Debt-to-Equity Range Over the Past 10 Years
Min: -17.26 Med: 1.93 Max: 29.39
Current: 29.39

During the past 5 years, the highest Debt-to-Equity Ratio of Maritime Launch Services was 29.39. The lowest was -17.26. And the median was 1.93.

NEOE:MAXQ's Debt-to-Equity is ranked worse than
100% of 258 companies
in the Aerospace & Defense industry
Industry Median: 0.43 vs NEOE:MAXQ: 29.39

Maritime Launch Services Debt-to-Equity Historical Data

The historical data trend for Maritime Launch Services'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.

Maritime Launch Services Debt-to-Equity Chart

Maritime Launch Services Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

-0.24

-0.26

-3.79

2.58

6.62

Maritime Launch Services Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial											4.12	2.07	3.00	6.62	29.39

Competitive Comparison of Maritime Launch Services's Debt-to-Equity

For the Aerospace & Defense subindustry, Maritime Launch Services'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.

Maritime Launch Services's Debt-to-Equity Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Maritime Launch Services's Debt-to-Equity distribution charts can be found below:

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

Maritime Launch Services Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Maritime Launch Services's Debt to Equity Ratio for the fiscal year 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
	=	(9.333	+	0.142)	/	1.431
	=	6.62

Maritime Launch Services's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(10.215	+	0.159)	/	0.353
	=	29.39

Maritime Launch Services (NEOE:MAXQ) 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.

Maritime Launch Services Debt-to-Equity Related Terms

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

Maritime Launch Services (NEOE:MAXQ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Maritime Launch Services Inc (NEOE:MAXQ) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

MAXQF:USA

Address

1883 Upper Water Street, Suite 303, Halifax, NS, CAN, B3J 1S9

Website

https://www.maritimelaunch.com

Maritime Launch Services Inc is a commercial aerospace company responsible for developing Spaceport Nova Scotia, a satellite launching site for the commercial space transportation industry.

Maritime Launch Services (NEOE:MAXQ) Headlines

No Headlines