FRX Innovations (TSXV:FRXI) Debt-to-Equity : 2.92 (As of Sep. 2023)

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What is FRX Innovations Debt-to-Equity?

FRX Innovations's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$13.95 Mil. FRX Innovations's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$3.56 Mil. FRX Innovations's Total Stockholders Equity for the quarter that ended in Sep. 2023 was C$6.00 Mil. FRX Innovations's debt to equity for the quarter that ended in Sep. 2023 was 2.92.

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

TSXV:FRXI' s Debt-to-Equity Range Over the Past 10 Years
Min: -5.07 Med: 2.06 Max: 60.76
Current: 2.92

During the past 5 years, the highest Debt-to-Equity Ratio of FRX Innovations was 60.76. The lowest was -5.07. And the median was 2.06.

TSXV:FRXI's Debt-to-Equity is ranked worse than
97.91% of 1387 companies
in the Chemicals industry
Industry Median: 0.36 vs TSXV:FRXI: 2.92

FRX Innovations Debt-to-Equity Historical Data

The historical data trend for FRX Innovations'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.

FRX Innovations Debt-to-Equity Chart

FRX Innovations Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

-4.09

2.96

60.76

-3.58

2.06

FRX Innovations Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial									2.81	2.06	1.70	2.07	2.92

Competitive Comparison of FRX Innovations's Debt-to-Equity

For the Specialty Chemicals subindustry, FRX Innovations'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.

FRX Innovations's Debt-to-Equity Distribution in the Chemicals Industry

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

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

FRX Innovations Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

FRX Innovations's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(13.426	+	4.889)	/	8.9
	=	2.06

FRX Innovations's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(13.953	+	3.563)	/	6.001
	=	2.92

FRX Innovations (TSXV:FRXI) 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.

FRX Innovations Debt-to-Equity Related Terms

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

FRX Innovations (TSXV:FRXI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » FRX Innovations Inc (TSXV:FRXI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

FRXIF:USA W2A:Germany

Address

200 Turnpike Road, Chelmsford, MA, USA, 01824

Website

https://www.frx-innovations.com

FRX Innovations Inc is a manufacturer of environmentally sustainable flame retardant solutions within the plastics and additives market that serve a number of large markets spanning electronics, automotive, electric vehicles (EV), and medical devices. The company manufactures products under the brand name Nofia. Its product portfolio consists of Nofia Polyphosphonates, which are produced using sustainable green chemistry principles such as a solvent-free production process, no waste byproducts, and atom efficiency; Nofia Homopolymers; Nofia Reactive Oligomers.

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