Karbon-X (Karbon-X) Debt-to-Equity : 0.28 (As of Feb. 2024)

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What is Karbon-X Debt-to-Equity?

Karbon-X's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was $0.18 Mil. Karbon-X's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was $0.04 Mil. Karbon-X's Total Stockholders Equity for the quarter that ended in Feb. 2024 was $0.77 Mil. Karbon-X's debt to equity for the quarter that ended in Feb. 2024 was 0.28.

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 Karbon-X's Debt-to-Equity or its related term are showing as below:

KARX' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.06 Max: 0.28
Current: 0.28

During the past 2 years, the highest Debt-to-Equity Ratio of Karbon-X was 0.28. The lowest was 0.02. And the median was 0.06.

KARX's Debt-to-Equity is not ranked
in the Media - Diversified industry.
Industry Median: 0.29 vs KARX: 0.28

Karbon-X Debt-to-Equity Historical Data

The historical data trend for Karbon-X'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.

Karbon-X Debt-to-Equity Chart

Karbon-X Annual Data

Trend

May22

May23

Debt-to-Equity

0.08

Karbon-X Quarterly Data
	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-Equity	Get a 7-Day Free Trial				0.06	0.08	0.02	0.06	0.28

Competitive Comparison of Karbon-X's Debt-to-Equity

For the Advertising Agencies subindustry, Karbon-X'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.

Karbon-X's Debt-to-Equity Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Karbon-X's Debt-to-Equity distribution charts can be found below:

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

Karbon-X Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Karbon-X's Debt to Equity Ratio for the fiscal year that ended in May. 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
	=	(0.115	+	0.055)	/	2.265
	=	0.08

Karbon-X's Debt to Equity Ratio for the quarter that ended in Feb. 2024 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
	=	(0.175	+	0.038)	/	0.772
	=	0.28

Karbon-X (OTCPK:KARX) 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.

Karbon-X Debt-to-Equity Related Terms

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

Karbon-X (Karbon-X) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Karbon-X Corp (OTCPK:KARX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

910 7TH AVE SW, SUITE 1000, Calgary, AB, CAN, T2P 3N8

Website

https://www.karbon-x.com

Karbon-X Corp is a tech-based carbon marketing company specializing in selling carbon credits direct to business or through an owned APP to the everyday person while investing in projects that have the potential to generate carbon credits and supplies in an online social media community to encourage change and growth. The Company sells carbon offsets to mining, forestry, civic earthworks, transportation and oil and gas servicing companies based on their total fossil fuel consumption for individual projects.