Icarus Capital (TSXV:ICRS) Debt-to-Equity : 7.66 (As of Dec. 2023)

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What is Icarus Capital Debt-to-Equity?

Icarus Capital's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.15 Mil. Icarus Capital's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.58 Mil. Icarus Capital's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$0.10 Mil. Icarus Capital's debt to equity for the quarter that ended in Dec. 2023 was 7.66.

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 Icarus Capital's Debt-to-Equity or its related term are showing as below:

TSXV:ICRS' s Debt-to-Equity Range Over the Past 10 Years
Min: 7.66 Med: 7.66 Max: 7.66
Current: 7.66

During the past 3 years, the highest Debt-to-Equity Ratio of Icarus Capital was 7.66. The lowest was 7.66. And the median was 7.66.

TSXV:ICRS's Debt-to-Equity is ranked worse than
98.3% of 294 companies
in the Diversified Financial Services industry
Industry Median: 0.125 vs TSXV:ICRS: 7.66

Icarus Capital Debt-to-Equity Historical Data

The historical data trend for Icarus Capital'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.

Icarus Capital Debt-to-Equity Chart

Icarus Capital Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Equity

7.66

Icarus Capital Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial						-	-	-	2.13	7.66

Competitive Comparison of Icarus Capital's Debt-to-Equity

For the Shell Companies subindustry, Icarus Capital'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.

Icarus Capital's Debt-to-Equity Distribution in the Diversified Financial Services Industry

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

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

Icarus Capital Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Icarus Capital'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
	=	(0.152	+	0.576)	/	0.095
	=	7.66

Icarus Capital'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
	=	(0.152	+	0.576)	/	0.095
	=	7.66

Icarus Capital (TSXV:ICRS) 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.

Icarus Capital Debt-to-Equity Related Terms

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Icarus Capital (TSXV:ICRS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Icarus Capital Corp (TSXV:ICRS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 120 No. 2 Road, Suite 186, Richmond, BC, CAN, V7C 5J8

Website

Icarus Capital Corp is a capital pool company.

Icarus Capital (TSXV:ICRS) Headlines

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