Advantex Marketing International (XCNQ:ADX) Debt-to-Equity : -1.16 (As of Dec. 2023)

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What is Advantex Marketing International Debt-to-Equity?

Advantex Marketing International's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$5.93 Mil. Advantex Marketing International's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$10.12 Mil. Advantex Marketing International's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$-13.79 Mil. Advantex Marketing International's debt to equity for the quarter that ended in Dec. 2023 was -1.16.

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 Advantex Marketing International's Debt-to-Equity or its related term are showing as below:

XCNQ:ADX' s Debt-to-Equity Range Over the Past 10 Years
Min: -13.78 Med: -1.61 Max: -0.9
Current: -1.16

During the past 13 years, the highest Debt-to-Equity Ratio of Advantex Marketing International was -0.90. The lowest was -13.78. And the median was -1.61.

XCNQ:ADX's Debt-to-Equity is not ranked
in the Media - Diversified industry.
Industry Median: 0.29 vs XCNQ:ADX: -1.16

Advantex Marketing International Debt-to-Equity Historical Data

The historical data trend for Advantex Marketing International'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.

Advantex Marketing International Debt-to-Equity Chart

Advantex Marketing International Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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-2.20

-1.22

-0.90

-1.07

-1.20

Advantex Marketing International 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															-0.90	-1.14	-1.20	-1.19	-1.16

Competitive Comparison of Advantex Marketing International's Debt-to-Equity

For the Advertising Agencies subindustry, Advantex Marketing International'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.

Advantex Marketing International's Debt-to-Equity Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Advantex Marketing International's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Advantex Marketing International's Debt-to-Equity falls into.

Advantex Marketing International Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Advantex Marketing International'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
	=	(6.052	+	9.136)	/	-12.71
	=	-1.19

Advantex Marketing International'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
	=	(5.929	+	10.124)	/	-13.789
	=	-1.16

Advantex Marketing International (XCNQ:ADX) 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.

Advantex Marketing International Debt-to-Equity Related Terms

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

Advantex Marketing International (XCNQ:ADX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Advantex Marketing International Inc (XCNQ:ADX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

ATXMF:USA

Address

100 King Street West, Suite 1600, Toronto, ON, CAN, M5X 1G5

Website

https://www.advantex.com

Advantex Marketing International Inc is a Canada-based company operating in the marketing services industry. The reportable segments include the Merchant Cash Advance (MCA) program, and the Aeroplan program.