EverGen Infrastructure (TSXV:EVGN) Debt-to-Equity : 0.44 (As of Dec. 2023)

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What is EverGen Infrastructure Debt-to-Equity?

EverGen Infrastructure's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$1.76 Mil. EverGen Infrastructure's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$22.40 Mil. EverGen Infrastructure's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$55.32 Mil. EverGen Infrastructure's debt to equity for the quarter that ended in Dec. 2023 was 0.44.

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 EverGen Infrastructure's Debt-to-Equity or its related term are showing as below:

TSXV:EVGN' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.11 Med: 0.18 Max: 0.44
Current: 0.44

During the past 4 years, the highest Debt-to-Equity Ratio of EverGen Infrastructure was 0.44. The lowest was 0.11. And the median was 0.18.

TSXV:EVGN's Debt-to-Equity is ranked better than
70.38% of 476 companies
in the Utilities - Regulated industry
Industry Median: 0.875 vs TSXV:EVGN: 0.44

EverGen Infrastructure Debt-to-Equity Historical Data

The historical data trend for EverGen Infrastructure'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.

EverGen Infrastructure Debt-to-Equity Chart

EverGen Infrastructure Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.11

0.16

0.20

0.44

EverGen Infrastructure Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial							0.20	0.21	0.38	0.40	0.44

Competitive Comparison of EverGen Infrastructure's Debt-to-Equity

For the Utilities - Regulated Gas subindustry, EverGen Infrastructure'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.

EverGen Infrastructure's Debt-to-Equity Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, EverGen Infrastructure's Debt-to-Equity distribution charts can be found below:

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

EverGen Infrastructure Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

EverGen Infrastructure'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
	=	(1.757	+	22.402)	/	55.322
	=	0.44

EverGen Infrastructure'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
	=	(1.757	+	22.402)	/	55.322
	=	0.44

EverGen Infrastructure (TSXV:EVGN) 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.

EverGen Infrastructure Debt-to-Equity Related Terms

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EverGen Infrastructure (TSXV:EVGN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » EverGen Infrastructure Corp (TSXV:EVGN) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

EVGIF:USA

Address

1050 Homer Street, Suite 390, Vancouver, BC, CAN, V6B 2W9

Website

https://www.evergeninfra.com

EverGen Infrastructure Corp is focused on combating climate change and helping communities contribute to a carbon-free future to develop a Renewable Natural Gas Infrastructure Platform, starting on the West Coast of Canada in British Columbia. The company is established to acquire, develop, build, own and operate a portfolio of renewable natural gas, waste-to-energy, and related infrastructure projects.

Executives