Rainmaker Worldwide (Rainmaker Worldwide) Debt-to-Equity : -0.38 (As of Dec. 2023)

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What is Rainmaker Worldwide Debt-to-Equity?

Rainmaker Worldwide's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $4.11 Mil. Rainmaker Worldwide's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Rainmaker Worldwide's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-10.95 Mil. Rainmaker Worldwide's debt to equity for the quarter that ended in Dec. 2023 was -0.38.

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

RAKR' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.66 Med: -0.32 Max: 0.12
Current: -0.38

During the past 11 years, the highest Debt-to-Equity Ratio of Rainmaker Worldwide was 0.12. The lowest was -0.66. And the median was -0.32.

RAKR's Debt-to-Equity is not ranked
in the Industrial Products industry.
Industry Median: 0.29 vs RAKR: -0.38

Rainmaker Worldwide Debt-to-Equity Historical Data

The historical data trend for Rainmaker Worldwide'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.

Rainmaker Worldwide Debt-to-Equity Chart

Rainmaker Worldwide Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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-0.66

-0.34

-0.37

-0.30

-0.38

Rainmaker Worldwide Quarterly Data
	Jun16	Sep16	Dec16	Mar17	Jun17	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															-0.30	-0.30	-0.30	-0.38	-0.38

Competitive Comparison of Rainmaker Worldwide's Debt-to-Equity

For the Pollution & Treatment Controls subindustry, Rainmaker Worldwide'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.

Rainmaker Worldwide's Debt-to-Equity Distribution in the Industrial Products Industry

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

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

Rainmaker Worldwide Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Rainmaker Worldwide'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
	=	(4.108	+	0)	/	-10.947
	=	-0.38

Rainmaker Worldwide's Debt to Equity Ratio for the quarter 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
	=	(4.108	+	0)	/	-10.947
	=	-0.38

Rainmaker Worldwide (OTCPK:RAKR) 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.

Rainmaker Worldwide Debt-to-Equity Related Terms

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Rainmaker Worldwide (Rainmaker Worldwide) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Rainmaker Worldwide Inc (OTCPK:RAKR) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

271 Brock Street, Peterborough, ON, CAN, K9H 2P8

Website

https://www.rainmakerww.com

Rainmaker Worldwide Inc is a cleantech company that is engaged in producing clean water. It provides innovative, environment-friendly water solutions to communities and businesses facing water scarcity. The company's sustainable technology features two product lines which include Air to water and water to water that have multiple applications. Air to Water harvests fresh water from humidity in the atmosphere. It is highly useful for islands, temporary vacation houses, and remote vacation houses, especially for hot conditions and limited water and has no risk of water-borne diseases. The Water to Water unit produces clean water from seawater, brackish water, or contaminated water sources. The company's products include WW-SO50 Solar Only Powered, AW-W100 Wind Powered, and others.