ABC Technologies Holdings (TSX:ABCT) Debt-to-Equity : 2.44 (As of Jun. 2023)

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What is ABC Technologies Holdings Debt-to-Equity?

ABC Technologies Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was C$10 Mil. ABC Technologies Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was C$1,038 Mil. ABC Technologies Holdings's Total Stockholders Equity for the quarter that ended in Jun. 2023 was C$430 Mil. ABC Technologies Holdings's debt to equity for the quarter that ended in Jun. 2023 was 2.44.

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

TSX:ABCT' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.56 Med: 2.4 Max: 3.74
Current: 2.44

During the past 6 years, the highest Debt-to-Equity Ratio of ABC Technologies Holdings was 3.74. The lowest was 1.56. And the median was 2.40.

TSX:ABCT's Debt-to-Equity is not ranked
in the Vehicles & Parts industry.
Industry Median: 0.47 vs TSX:ABCT: 2.44

ABC Technologies Holdings Debt-to-Equity Historical Data

The historical data trend for ABC Technologies 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.

ABC Technologies Holdings Debt-to-Equity Chart

ABC Technologies Holdings Annual Data

Trend

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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1.56

3.74

2.70

1.57

2.44

ABC Technologies Holdings Quarterly Data
	Jun18	Jun19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Debt-to-Equity	Get a 7-Day Free Trial												1.57	1.66	1.79	2.30	2.44

Competitive Comparison of ABC Technologies Holdings's Debt-to-Equity

For the Auto Parts subindustry, ABC Technologies 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.

ABC Technologies Holdings's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, ABC Technologies Holdings's Debt-to-Equity distribution charts can be found below:

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

ABC Technologies Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

ABC Technologies Holdings's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(10.461	+	1037.666)	/	429.556
	=	2.44

ABC Technologies Holdings's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(10.461	+	1037.666)	/	429.556
	=	2.44

ABC Technologies Holdings (TSX:ABCT) 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.

ABC Technologies Holdings Debt-to-Equity Related Terms

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

ABC Technologies Holdings (TSX:ABCT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » ABC Technologies Holdings Inc (TSX:ABCT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Norelco Drive, Toronto, ON, CAN, M9L 2X6

Website

https://www.abctechnologies.com

ABC Technologies Holdings Inc is a manufacturer and supplier of custom, highly engineered, technical plastics and light weighting innovations to the North American light vehicle industry. Its geographical segment includes Canada, United States, Mexico, and Rest of World. The company derives a majority of its revenue from the United States segment.

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