Alaska Hydro (TSXV:AKH.H) Debt-to-Equity : -0.34 (As of Dec. 2023)

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What is Alaska Hydro Debt-to-Equity?

Alaska Hydro's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil. Alaska Hydro's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.07 Mil. Alaska Hydro's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$-0.22 Mil. Alaska Hydro's debt to equity for the quarter that ended in Dec. 2023 was -0.34.

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

TSXV:AKH.H' s Debt-to-Equity Range Over the Past 10 Years
Min: -2.5 Med: -0.4 Max: -0.18
Current: -0.34

During the past 13 years, the highest Debt-to-Equity Ratio of Alaska Hydro was -0.18. The lowest was -2.50. And the median was -0.40.

TSXV:AKH.H's Debt-to-Equity is not ranked
in the Utilities - Independent Power Producers industry.
Industry Median: 0.79 vs TSXV:AKH.H: -0.34

Alaska Hydro Debt-to-Equity Historical Data

The historical data trend for Alaska Hydro'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.

Alaska Hydro Debt-to-Equity Chart

Alaska Hydro Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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-0.18

-0.25

-0.40

-0.34

Alaska Hydro Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															-0.40	-0.40	-0.35	-0.34	-0.34

Competitive Comparison of Alaska Hydro's Debt-to-Equity

For the Utilities - Renewable subindustry, Alaska Hydro'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.

Alaska Hydro's Debt-to-Equity Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Alaska Hydro's Debt-to-Equity distribution charts can be found below:

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

Alaska Hydro Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Alaska Hydro'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
	=	(0.004	+	0.071)	/	-0.218
	=	-0.34

Alaska Hydro'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
	=	(0.004	+	0.071)	/	-0.218
	=	-0.34

Alaska Hydro (TSXV:AKH.H) 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.

Alaska Hydro Debt-to-Equity Related Terms

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

Alaska Hydro (TSXV:AKH.H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Alaska Hydro Corp (TSXV:AKH.H) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

2633 Carnation Street, North Vancouver, BC, CAN, V7H 1H6

Website

https://www.alaskahydro.com

Alaska Hydro Corp is principally engaged in the generation and sale of electricity business activities. It also involved in development, distribution, transmission, and marketing of electrical power. The company operates More Creek Hydroelectric Project with the electric generation power capacity of 306 GWh. It involved in the development of clean, renewable, and Hydroelectric power generation. It derives most of its revenues from the sale of the electricity business activities and has operations spread across Canada.

Alaska Hydro (TSXV:AKH.H) Headlines

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