Atmofizer Technologies (XCNQ:ATMO) Debt-to-Equity : -0.21 (As of Dec. 2023)

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What is Atmofizer Technologies Debt-to-Equity?

Atmofizer Technologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.40 Mil. Atmofizer Technologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil. Atmofizer Technologies's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$-1.93 Mil. Atmofizer Technologies's debt to equity for the quarter that ended in Dec. 2023 was -0.21.

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 Atmofizer Technologies's Debt-to-Equity or its related term are showing as below:

XCNQ:ATMO' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.42 Med: 0.02 Max: 0.03
Current: -0.22

During the past 3 years, the highest Debt-to-Equity Ratio of Atmofizer Technologies was 0.03. The lowest was -0.42. And the median was 0.02.

XCNQ:ATMO's Debt-to-Equity is not ranked
in the Industrial Products industry.
Industry Median: 0.29 vs XCNQ:ATMO: -0.22

Atmofizer Technologies Debt-to-Equity Historical Data

The historical data trend for Atmofizer Technologies'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.

Atmofizer Technologies Debt-to-Equity Chart

Atmofizer Technologies Annual Data

Trend

Sep21

Dec22

Dec23

Debt-to-Equity

-1.01

-0.42

-0.21

Atmofizer Technologies Quarterly Data
	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial							0.03	-0.42	-0.36	-0.22	-0.21

Competitive Comparison of Atmofizer Technologies's Debt-to-Equity

For the Pollution & Treatment Controls subindustry, Atmofizer Technologies'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.

Atmofizer Technologies's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Atmofizer Technologies's Debt-to-Equity distribution charts can be found below:

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

Atmofizer Technologies Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Atmofizer Technologies'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
	=	(0.402	+	0)	/	-1.931
	=	-0.21

Atmofizer Technologies'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
	=	(0.402	+	0)	/	-1.931
	=	-0.21

Atmofizer Technologies (XCNQ:ATMO) 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.

Atmofizer Technologies Debt-to-Equity Related Terms

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Atmofizer Technologies (XCNQ:ATMO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Atmofizer Technologies Inc (XCNQ:ATMO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

ATMFF:USA J3KA:Germany

Address

550 Burrard Street, Suite 2300, Bentall 5, Vancouver, BC, CAN, V6C 2B5

Website

https://www.atmofizer.com

Atmofizer Technologies Inc is a clean air and clean water solutions provider that is focused on commercializing its proprietary technology through stand-alone, integrated, and licensed applications across business, consumer, medical and industrial applications. The company's products include wearable, portable, and mobile use for personal air treatment, as well as larger systems to handle higher air volumes for commercial, industrial, institutional, and residential applications.

Atmofizer Technologies (XCNQ:ATMO) Headlines

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