The Limestone Boat Co (The Limestone Boat Co) Debt-to-Equity : -0.91 (As of Dec. 2023)

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What is The Limestone Boat Co Debt-to-Equity?

The Limestone Boat Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $13.60 Mil. The Limestone Boat Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.42 Mil. The Limestone Boat Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-15.47 Mil. The Limestone Boat Co's debt to equity for the quarter that ended in Dec. 2023 was -0.91.

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 The Limestone Boat Co's Debt-to-Equity or its related term are showing as below:

LMSBF' s Debt-to-Equity Range Over the Past 10 Years
Min: -8.9 Med: -0.89 Max: 15.92
Current: -0.91

During the past 1 years, the highest Debt-to-Equity Ratio of The Limestone Boat Co was 15.92. The lowest was -8.90. And the median was -0.89.

LMSBF's Debt-to-Equity is not ranked
in the Vehicles & Parts industry.
Industry Median: 0.48 vs LMSBF: -0.91

The Limestone Boat Co Debt-to-Equity Historical Data

The historical data trend for The Limestone Boat Co'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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The Limestone Boat Co Debt-to-Equity Chart

The Limestone Boat Co Annual Data

Trend

Dec20

Debt-to-Equity

1.03

The Limestone Boat Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial									-4.62	-2.80	-0.90	-0.89	-0.91

Competitive Comparison of The Limestone Boat Co's Debt-to-Equity

For the Recreational Vehicles subindustry, The Limestone Boat Co'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.

The Limestone Boat Co's Debt-to-Equity Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, The Limestone Boat Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where The Limestone Boat Co's Debt-to-Equity falls into.

The Limestone Boat Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

The Limestone Boat Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2020 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
	=	(0.176	+	0)	/	0.171
	=	1.03

The Limestone Boat Co'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
	=	(13.597	+	0.416)	/	-15.471
	=	-0.91

The Limestone Boat Co (OTCPK:LMSBF) 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.

The Limestone Boat Co Debt-to-Equity Related Terms

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The Limestone Boat Co (The Limestone Boat Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » The Limestone Boat Co Ltd (OTCPK:LMSBF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

BOAT:Canada

Address

64 Hurontario Street, Collingwood, ON, CAN, L9Y 2L6

Website

https://www.limestoneboatcompany.com

The Limestone Boat Co Ltd is an owner and builder of Aquasport Boat, Limestone Boat, and Boca Bay boat brands. The company is backed by a large, skilled labor force and dealer partners throughout the United States and the Canadian Great Lakes Region.