EcoSynthetix (TSX:ECO) Debt-to-Equity : 0.01 (As of Mar. 2024)

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What is EcoSynthetix Debt-to-Equity?

EcoSynthetix's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.44 Mil. EcoSynthetix's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.23 Mil. EcoSynthetix's Total Stockholders Equity for the quarter that ended in Mar. 2024 was C$54.19 Mil. EcoSynthetix's debt to equity for the quarter that ended in Mar. 2024 was 0.01.

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

TSX:ECO' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.02 Max: 0.03
Current: 0.01

During the past 13 years, the highest Debt-to-Equity Ratio of EcoSynthetix was 0.03. The lowest was 0.01. And the median was 0.02.

TSX:ECO's Debt-to-Equity is ranked better than
99.93% of 1391 companies
in the Chemicals industry
Industry Median: 0.35 vs TSX:ECO: 0.01

EcoSynthetix Debt-to-Equity Historical Data

The historical data trend for EcoSynthetix'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.

EcoSynthetix Debt-to-Equity Chart

EcoSynthetix Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.03

0.02

0.01

EcoSynthetix Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.02	0.02	0.02	0.01	0.01

Competitive Comparison of EcoSynthetix's Debt-to-Equity

For the Specialty Chemicals subindustry, EcoSynthetix'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.

EcoSynthetix's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, EcoSynthetix's Debt-to-Equity distribution charts can be found below:

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

EcoSynthetix Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

EcoSynthetix'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
	=	(0.437	+	0.346)	/	54.965
	=	0.01

EcoSynthetix'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
	=	(0.439	+	0.23)	/	54.194
	=	0.01

EcoSynthetix (TSX:ECO) 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.

EcoSynthetix Debt-to-Equity Related Terms

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EcoSynthetix (TSX:ECO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » EcoSynthetix Inc (TSX:ECO) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

ECSNF:USA

Address

3365 Mainway, Burlington, ON, CAN, L7M 1A6

Website

http://www.ecosynthetix.com

EcoSynthetix Inc is a renewable chemicals company. It is engaged in the development and commercialization of ecologically friendly bio-based technologies as replacement solutions for synthetic, petrochemical-based adhesives and other related products. The company operates in one reportable segment and generates revenue primarily from its biopolymer nanosphere technology platform. Its products include EcoSphere biolatex and DuraBindTM biopolymers. EcoSphere biolatex binders are used by manufacturers within the coated paper and paperboard industry, whereas the DuraBindTM is used in the production of wood composite panels. Geographically it has a business presence in the America, Africa (EMEA), and the Asia Pacific.

Executives

Robert Martin Haire

Senior Officer