Delta CleanTech (XCNQ:DELT) Debt-to-Equity : 0.02 (As of Sep. 2023)

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What is Delta CleanTech Debt-to-Equity?

Delta CleanTech's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$0.02 Mil. Delta CleanTech's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$0.05 Mil. Delta CleanTech's Total Stockholders Equity for the quarter that ended in Sep. 2023 was C$3.60 Mil. Delta CleanTech's debt to equity for the quarter that ended in Sep. 2023 was 0.02.

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 Delta CleanTech's Debt-to-Equity or its related term are showing as below:

XCNQ:DELT' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 0.02
Current: 0.02

During the past 3 years, the highest Debt-to-Equity Ratio of Delta CleanTech was 0.02. The lowest was 0.00. And the median was 0.01.

XCNQ:DELT's Debt-to-Equity is ranked better than
93.98% of 2624 companies
in the Industrial Products industry
Industry Median: 0.29 vs XCNQ:DELT: 0.02

Delta CleanTech Debt-to-Equity Historical Data

The historical data trend for Delta CleanTech'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.

Delta CleanTech Debt-to-Equity Chart

Delta CleanTech Annual Data

Trend

Dec20

Dec21

Dec22

Debt-to-Equity

N/A

0.01

0.02

Delta CleanTech Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial						-	0.02	0.02	0.02	0.02

Competitive Comparison of Delta CleanTech's Debt-to-Equity

For the Pollution & Treatment Controls subindustry, Delta CleanTech'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.

Delta CleanTech's Debt-to-Equity Distribution in the Industrial Products Industry

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

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

Delta CleanTech Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Delta CleanTech'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
	=	(0.052	+	0.05)	/	4.953
	=	0.02

Delta CleanTech'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
	=	(0.017	+	0.05)	/	3.598
	=	0.02

Delta CleanTech (XCNQ:DELT) 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.

Delta CleanTech Debt-to-Equity Related Terms

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

Delta CleanTech (XCNQ:DELT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Delta CleanTech Inc (XCNQ:DELT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

DCTIF:USA

Address

2308 Palisade Drive S.W., Calgary, AB, CAN, T2V 3V1

Website

https://www.deltacleantech.ca

Delta CleanTech Inc is a clean energy tech business. It is dedicated to providing clean technology solutions that address the environmental and social governance needs of corporations. The principal activity of Delta consists of four pillars namely CO2 capture, hydrogen production, solvent and ethanol purification, and carbon credit certification and trading. The Company operates in Canada, the United States, United Arab Emirates, Kazakhstan, and China.

Delta CleanTech (XCNQ:DELT) Headlines

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