Banxa Holdings (TSXV:BNXA) Debt-to-Equity : -2.55 (As of Dec. 2023)

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What is Banxa Holdings Debt-to-Equity?

Banxa Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$6.6 Mil. Banxa Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$5.9 Mil. Banxa Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$-4.9 Mil. Banxa Holdings's debt to equity for the quarter that ended in Dec. 2023 was -2.55.

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

TSXV:BNXA' s Debt-to-Equity Range Over the Past 10 Years
Min: -4.32 Med: 0.12 Max: 1.95
Current: -2.55

During the past 4 years, the highest Debt-to-Equity Ratio of Banxa Holdings was 1.95. The lowest was -4.32. And the median was 0.12.

TSXV:BNXA's Debt-to-Equity is not ranked
in the Software industry.
Industry Median: 0.21 vs TSXV:BNXA: -2.55

Banxa Holdings Debt-to-Equity Historical Data

The historical data trend for Banxa 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.

Banxa Holdings Debt-to-Equity Chart

Banxa Holdings Annual Data

Trend

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

0.38

0.02

0.16

-4.32

Banxa Holdings Quarterly Data
	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												1.28	1.95	-4.32	-2.47	-2.55

Competitive Comparison of Banxa Holdings's Debt-to-Equity

For the Information Technology Services subindustry, Banxa 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.

Banxa Holdings's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, Banxa Holdings's Debt-to-Equity distribution charts can be found below:

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

Banxa Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Banxa 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
	=	(8.145	+	0.384)	/	-1.974
	=	-4.32

Banxa Holdings'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
	=	(6.639	+	5.87)	/	-4.909
	=	-2.55

Banxa Holdings (TSXV:BNXA) 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.

Banxa Holdings Debt-to-Equity Related Terms

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Banxa Holdings (TSXV:BNXA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Banxa Holdings Inc (TSXV:BNXA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

BNXAF:USA AC00:Germany

Address

2-6 Gwynne Street, Level 2, Melbourne, VIC, AUS, 3121

Website

https://www.banxa.com

Banxa Holdings Inc is a payments service provider for the digital asset space. It offers a cryptocurrency gateway platform to other businesses in the industry. The company's goal is to onboard the general public to digital currency by building a fully compliant payment infrastructure that enables simple and secure conversion of fiat currency to digital currency. Geographically, it operates in Australia, North America and Europe and derives a majority of its revenue from Europe.

Executives

Holger Roman Arians	Senior Officer
Zafer Alam Qureshi	Director

Banxa Holdings (TSXV:BNXA) Headlines

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