Spectra Products (TSXV:SSA) Debt-to-Equity : 0.15 (As of Mar. 2024)

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What is Spectra Products Debt-to-Equity?

Spectra Products's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.06 Mil. Spectra Products's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.21 Mil. Spectra Products's Total Stockholders Equity for the quarter that ended in Mar. 2024 was C$1.83 Mil. Spectra Products's debt to equity for the quarter that ended in Mar. 2024 was 0.15.

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

TSXV:SSA' s Debt-to-Equity Range Over the Past 10 Years
Min: -4.02 Med: -0.72 Max: 0.21
Current: 0.15

During the past 13 years, the highest Debt-to-Equity Ratio of Spectra Products was 0.21. The lowest was -4.02. And the median was -0.72.

TSXV:SSA's Debt-to-Equity is ranked better than
77.75% of 1173 companies
in the Vehicles & Parts industry
Industry Median: 0.47 vs TSXV:SSA: 0.15

Spectra Products Debt-to-Equity Historical Data

The historical data trend for Spectra Products'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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Spectra Products Debt-to-Equity Chart

Spectra Products Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.21

0.12

0.10

0.19

0.15

Spectra Products 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															0.18	0.16	0.16	0.15	0.15

Competitive Comparison of Spectra Products's Debt-to-Equity

For the Auto Parts subindustry, Spectra Products'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.

Spectra Products's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Spectra Products's Debt-to-Equity distribution charts can be found below:

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

Spectra Products Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Spectra Products'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
	=	(0.061	+	0.219)	/	1.829
	=	0.15

Spectra Products'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
	=	(0.058	+	0.208)	/	1.825
	=	0.15

Spectra Products (TSXV:SSA) 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.

Spectra Products Debt-to-Equity Related Terms

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

Spectra Products (TSXV:SSA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Spectra Products Inc (TSXV:SSA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SPKTF:USA

Address

41 Horner Avenue, Unit 2, Etobicoke, Toronto, ON, CAN, M8Z 4X4

Website

https://www.spectraproducts.ca

Spectra Products Inc is a company engaged in manufacturing and supplying safety and productivity enhancement products to the bus and truck transportation industry. The operating segment of the company is Bus and Truck Transportation Safety Equipment. It manufactures and markets brake and wheel-end monitoring equipment as an after-market product through transportation dealers, distributors and direct sales to fleet operators. Geographically, it generates the majority of its revenue from the United States.

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