Starrex International (XCNQ:STX) Debt-to-Equity : 2.06 (As of Dec. 2023)

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What is Starrex International Debt-to-Equity?

Starrex International's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$9.36 Mil. Starrex International's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$1.07 Mil. Starrex International's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$5.07 Mil. Starrex International's debt to equity for the quarter that ended in Dec. 2023 was 2.05.

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

XCNQ:STX' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.09 Max: 2.06
Current: 2.06

During the past 13 years, the highest Debt-to-Equity Ratio of Starrex International was 2.06. The lowest was 0.03. And the median was 0.09.

XCNQ:STX's Debt-to-Equity is ranked worse than
84.29% of 1394 companies
in the Banks industry
Industry Median: 0.65 vs XCNQ:STX: 2.06

Starrex International Debt-to-Equity Historical Data

The historical data trend for Starrex 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.

Starrex International Debt-to-Equity Chart

Starrex International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.66

0.05

0.09

0.13

2.06

Starrex 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															0.13	1.11	1.37	1.47	2.06

Competitive Comparison of Starrex International's Debt-to-Equity

For the Mortgage Finance subindustry, Starrex 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.

Starrex International's Debt-to-Equity Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Starrex International's Debt-to-Equity distribution charts can be found below:

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

Starrex International Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Starrex International'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
	=	(9.359	+	1.068)	/	5.074
	=	2.05

Starrex 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
	=	(9.359	+	1.068)	/	5.074
	=	2.05

Starrex International (XCNQ:STX) 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.

Starrex International Debt-to-Equity Related Terms

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Starrex International (XCNQ:STX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Starrex International Ltd (XCNQ:STX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

STXMF:USA

Address

1250, 639 - 5th Avenue South West, Calgary, AB, CAN, T2P 0M9

Website

https://www.starrexintl.com

Starrex International Ltd is engaged in acquiring, managing, and growing companies in the United States active in the mortgage, real estate, and other financial sectors. it operates in three segments; Property Interlink, LLC managed residential appraisals and maintained all of the ordering, tracking, administrative duties and details and ensured the timeliness of appraisals that are handled during a real estate mortgage transaction, MFI Credit Solutions, LLC manages consumer credit reporting and maintains all of the ordering, tracking, administrative duties and details required to support consumer credit reporting activities, and Reliable Valuation Service, LLC provided residential evaluations of residential real estate to third parties.