Blue Horizon Global Capital (XCNQ:BHCC) Debt-to-Equity : 1.34 (As of Sep. 2023)

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What is Blue Horizon Global Capital Debt-to-Equity?

Blue Horizon Global Capital's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$0.14 Mil. Blue Horizon Global Capital's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$0.06 Mil. Blue Horizon Global Capital's Total Stockholders Equity for the quarter that ended in Sep. 2023 was C$0.15 Mil. Blue Horizon Global Capital's debt to equity for the quarter that ended in Sep. 2023 was 1.34.

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 Blue Horizon Global Capital's Debt-to-Equity or its related term are showing as below:

XCNQ:BHCC' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.8 Med: -0.41 Max: 1.42
Current: 1.34

During the past 13 years, the highest Debt-to-Equity Ratio of Blue Horizon Global Capital was 1.42. The lowest was -0.80. And the median was -0.41.

XCNQ:BHCC's Debt-to-Equity is ranked worse than
91.42% of 1014 companies
in the Asset Management industry
Industry Median: 0.19 vs XCNQ:BHCC: 1.34

Blue Horizon Global Capital Debt-to-Equity Historical Data

The historical data trend for Blue Horizon Global Capital'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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Blue Horizon Global Capital Debt-to-Equity Chart

Blue Horizon Global Capital Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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-0.77

-0.60

-0.51

-0.44

0.72

Blue Horizon Global Capital Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.65	0.72	0.83	1.11	1.34

Competitive Comparison of Blue Horizon Global Capital's Debt-to-Equity

For the Asset Management subindustry, Blue Horizon Global Capital'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.

Blue Horizon Global Capital's Debt-to-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Blue Horizon Global Capital's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Blue Horizon Global Capital's Debt-to-Equity falls into.

Blue Horizon Global Capital Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Blue Horizon Global Capital'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
	=	(0.131	+	0.06)	/	0.266
	=	0.72

Blue Horizon Global Capital'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
	=	(0.143	+	0.06)	/	0.152
	=	1.34

Blue Horizon Global Capital (XCNQ:BHCC) 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.

Blue Horizon Global Capital Debt-to-Equity Related Terms

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Blue Horizon Global Capital (XCNQ:BHCC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Blue Horizon Global Capital Corp (XCNQ:BHCC) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

MOOIF:USA

Address

196 Wildcat Road, North York, ON, CAN, M3J 2N5

Website

http://www.sensetekinc.com

Blue Horizon Global Capital Corp is an investment company whose primary objective is to identify promising companies with excellent projects, innovative technologies or both, using management's extensive experience in deal sourcing and capital combination to maximize returns for its shareholders. Blue Horizon will invest its funds with the aim of generating returns from capital appreciation and investment income.

Blue Horizon Global Capital (XCNQ:BHCC) Headlines

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