MCAN Financial Group (TSX:MKP) Debt-to-Equity : 0.05 (As of Mar. 2024)

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What is MCAN Financial Group Debt-to-Equity?

MCAN Financial Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.0 Mil. MCAN Financial Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$25.8 Mil. MCAN Financial Group's Total Stockholders Equity for the quarter that ended in Mar. 2024 was C$576.4 Mil. MCAN Financial Group's debt to equity for the quarter that ended in Mar. 2024 was 0.04.

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 MCAN Financial Group's Debt-to-Equity or its related term are showing as below:

TSX:MKP' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.1 Max: 4.13
Current: 0.05

During the past 13 years, the highest Debt-to-Equity Ratio of MCAN Financial Group was 4.13. The lowest was 0.01. And the median was 0.10.

TSX:MKP's Debt-to-Equity is ranked better than
95.05% of 1394 companies
in the Banks industry
Industry Median: 0.65 vs TSX:MKP: 0.05

MCAN Financial Group Debt-to-Equity Historical Data

The historical data trend for MCAN Financial Group'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.

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MCAN Financial Group Debt-to-Equity Chart

MCAN Financial Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.03

3.31

0.23

0.02

0.13

MCAN Financial Group 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															0.06	0.26	0.16	0.13	0.05

Competitive Comparison of MCAN Financial Group's Debt-to-Equity

For the Mortgage Finance subindustry, MCAN Financial Group'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.

MCAN Financial Group's Debt-to-Equity Distribution in the Banks Industry

For the Banks industry and Financial Services sector, MCAN Financial Group's Debt-to-Equity distribution charts can be found below:

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

MCAN Financial Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

MCAN Financial Group'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	+	66.383)	/	531.844
	=	0.12

MCAN Financial Group'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	+	25.786)	/	576.417
	=	0.04

MCAN Financial Group (TSX:MKP) 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.

MCAN Financial Group Debt-to-Equity Related Terms

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

MCAN Financial Group (TSX:MKP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » MCAN Financial Group (TSX:MKP) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

MAMTF:USA 885:Germany

Address

200 King Street West, Suite 600, Toronto, ON, CAN, M5H 3T4

Website

https://www.mcanfinancial.com

MCAN Financial Group is a mortgage investment company whose objective is to generate a reliable stream of income by investing its funds in a portfolio of mortgages (including single family residential, residential construction, non-residential construction and commercial loans), as well as other types of loans and investments, real estate and securitization investments. The company derives majority of its revenues from mortgage income and equity income.

Executives

Glenn Doré

Director

MCAN Financial Group (TSX:MKP) Headlines

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