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Scope AI (XCNQ:SCPE) Debt-to-Equity : 0.02 (As of Dec. 2023)


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What is Scope AI Debt-to-Equity?

Scope AI's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.03 Mil. Scope AI's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil. Scope AI's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$1.06 Mil. Scope AI's debt to equity for the quarter that ended in Dec. 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 Scope AI's Debt-to-Equity or its related term are showing as below:

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

During the past 3 years, the highest Debt-to-Equity Ratio of Scope AI was 0.02. The lowest was 0.02. And the median was 0.02.

XCNQ:SCPE's Debt-to-Equity is ranked better than
92.29% of 2219 companies
in the Software industry
Industry Median: 0.21 vs XCNQ:SCPE: 0.02

Scope AI Debt-to-Equity Historical Data

The historical data trend for Scope AI'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.

Scope AI Debt-to-Equity Chart

Scope AI Annual Data
Trend Sep21 Sep22 Sep23
Debt-to-Equity
N/A - -

Scope AI Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 0.02

Competitive Comparison of Scope AI's Debt-to-Equity

For the Software - Infrastructure subindustry, Scope AI'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.

Scope AI's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, Scope AI's Debt-to-Equity distribution charts can be found below:

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


Scope AI Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Scope AI's Debt to Equity Ratio for the fiscal year 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 + 0) / -0.212
=0.00

Scope AI'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
=(0.025 + 0) / 1.058
=0.02

* 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.

Scope AI  (XCNQ:SCPE) 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.

Scope AI Debt-to-Equity Related Terms

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

Scope AI (XCNQ:SCPE) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Scope AI Corp (XCNQ:SCPE) » Definitions » Debt-to-Equity
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Traded in Other Exchanges
SCPCF:USA
Address
1800 - 510 West Georgia Street, Vancouver, BC, CAN, V6B 0M3
Website
https://www.scopecarboncorp.com
Scope Carbon Corp is a Canadian technology company. It develops Artificial Intelligence (AI) analytical software and intellectual property for use in analyzing data related to nature-based objects (e.g. forests, wetlands, and other areas) as it relates to carbon credit certification. The company's current business plan is to enable large volumes of object based data to be converted into digestible data that carbon credit experts and others are able to use to verify the characteristics of trees, wetlands, and other areas.