Pineapple Financial (Pineapple Financial) Debt-to-Equity : 0.54 (As of Feb. 2024)

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What is Pineapple Financial Debt-to-Equity?

Pineapple Financial's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was $0.69 Mil. Pineapple Financial's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was $0.90 Mil. Pineapple Financial's Total Stockholders Equity for the quarter that ended in Feb. 2024 was $2.95 Mil. Pineapple Financial's debt to equity for the quarter that ended in Feb. 2024 was 0.54.

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 Pineapple Financial's Debt-to-Equity or its related term are showing as below:

PAPL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.31 Max: 0.86
Current: 0.54

During the past 3 years, the highest Debt-to-Equity Ratio of Pineapple Financial was 0.86. The lowest was 0.04. And the median was 0.31.

PAPL's Debt-to-Equity is ranked better than
57.03% of 1394 companies
in the Banks industry
Industry Median: 0.65 vs PAPL: 0.54

Pineapple Financial Debt-to-Equity Historical Data

The historical data trend for Pineapple Financial'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.

Pineapple Financial Debt-to-Equity Chart

Pineapple Financial Annual Data

Trend

Aug21

Aug22

Aug23

Debt-to-Equity

0.04

0.22

0.86

Pineapple Financial Quarterly Data
	Aug21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-Equity	Get a 7-Day Free Trial					0.31	0.42	0.86	0.30	0.54

Competitive Comparison of Pineapple Financial's Debt-to-Equity

For the Mortgage Finance subindustry, Pineapple Financial'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.

Pineapple Financial's Debt-to-Equity Distribution in the Banks Industry

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

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

Pineapple Financial Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Pineapple Financial's Debt to Equity Ratio for the fiscal year that ended in Aug. 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
	=	(0.568	+	0.97)	/	1.786
	=	0.86

Pineapple Financial'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
	=	(0.688	+	0.896)	/	2.948
	=	0.54

Pineapple Financial (AMEX:PAPL) 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.

Pineapple Financial Debt-to-Equity Related Terms

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Pineapple Financial (Pineapple Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Pineapple Financial Inc (AMEX:PAPL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

111 Gordon Baker Road, Unit 200, North York, Toronto, ON, CAN, M2H 3R1

Website

https://www.gopineapple.com

Pineapple Financial Inc is a Canada-based mortgage technology and brokerage company that provides mortgage brokerage services and technology solutions to Canadian mortgage agents, brokers, sub-brokers, brokerages, and consumers. Through its data-driven systems together with cloud-based tools, it offers advantages in the Canadian mortgage industry relative to alternative mortgage broker arrangements and also provides back office services.