Micromem Technologies (Micromem Technologies) Debt-to-Equity : -0.64 (As of Jan. 2024)

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What is Micromem Technologies Debt-to-Equity?

Micromem Technologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $3.78 Mil. Micromem Technologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $0.04 Mil. Micromem Technologies's Total Stockholders Equity for the quarter that ended in Jan. 2024 was $-6.00 Mil. Micromem Technologies's debt to equity for the quarter that ended in Jan. 2024 was -0.64.

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 Micromem Technologies's Debt-to-Equity or its related term are showing as below:

MMTIF' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.93 Med: -0.65 Max: 13.35
Current: -0.64

During the past 13 years, the highest Debt-to-Equity Ratio of Micromem Technologies was 13.35. The lowest was -0.93. And the median was -0.65.

MMTIF's Debt-to-Equity is not ranked
in the Semiconductors industry.
Industry Median: 0.26 vs MMTIF: -0.64

Micromem Technologies Debt-to-Equity Historical Data

The historical data trend for Micromem Technologies'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.

Micromem Technologies Debt-to-Equity Chart

Micromem Technologies Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Debt-to-Equity

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-0.61

-0.76

-0.74

-0.83

-0.76

Micromem Technologies Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Debt-to-Equity	Get a 7-Day Free Trial															-0.85	-0.53	-0.58	-0.76	-0.64

Competitive Comparison of Micromem Technologies's Debt-to-Equity

For the Semiconductors subindustry, Micromem Technologies'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.

Micromem Technologies's Debt-to-Equity Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Micromem Technologies's Debt-to-Equity distribution charts can be found below:

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

Micromem Technologies Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Micromem Technologies's Debt to Equity Ratio for the fiscal year that ended in Oct. 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
	=	(3.603	+	0.055)	/	-4.841
	=	-0.76

Micromem Technologies's Debt to Equity Ratio for the quarter that ended in Jan. 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
	=	(3.782	+	0.035)	/	-6.002
	=	-0.64

Micromem Technologies (OTCPK:MMTIF) 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.

Micromem Technologies Debt-to-Equity Related Terms

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Micromem Technologies (Micromem Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Micromem Technologies Inc (OTCPK:MMTIF) » Definitions » Debt-to-Equity

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MRM:Canada

Address

121 Richmond Street West, Suite 304, Toronto, ON, CAN, M5H 2K1

Website

https://www.micromeminc.com

Micromem Technologies Inc develops, based upon proprietary technology, customized sensor applications for companies. The technology has a combination of superior sensitivity, robust structure, cost-effectiveness, and small size enabling a wide variety of applications within multiple industry sectors. Some of the sensors applications are Oil Sensor Solutions, Structural Integrity Sensors, Nanoparticle Detection Solutions and Energy Storage Solutions.

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