Redishred Capital (TSXV:KUT) Debt-to-Equity : 0.76 (As of Dec. 2023)

View and export this data going back to 2007. Start your Free Trial

What is Redishred Capital Debt-to-Equity?

Redishred Capital's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$24.65 Mil. Redishred Capital's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$11.29 Mil. Redishred Capital's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$47.13 Mil. Redishred Capital's debt to equity for the quarter that ended in Dec. 2023 was 0.76.

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

TSXV:KUT' s Debt-to-Equity Range Over the Past 10 Years
Min: -23.31 Med: 0.7 Max: 16.42
Current: 0.76

During the past 13 years, the highest Debt-to-Equity Ratio of Redishred Capital was 16.42. The lowest was -23.31. And the median was 0.70.

TSXV:KUT's Debt-to-Equity is ranked worse than
66.77% of 927 companies
in the Business Services industry
Industry Median: 0.38 vs TSXV:KUT: 0.76

Redishred Capital Debt-to-Equity Historical Data

The historical data trend for Redishred 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.

Redishred Capital Debt-to-Equity Chart

Redishred Capital Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.64

0.79

0.75

0.81

0.76

Redishred Capital Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.81	0.76	0.78	0.77	0.76

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

For the Specialty Business Services subindustry, Redishred 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.

Redishred Capital's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Redishred Capital's Debt-to-Equity distribution charts can be found below:

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

Redishred Capital Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Redishred 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
	=	(24.652	+	11.291)	/	47.131
	=	0.76

Redishred 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
	=	(24.652	+	11.291)	/	47.131
	=	0.76

Redishred Capital (TSXV:KUT) 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.

Redishred Capital Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Redishred Capital's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Redishred Capital (TSXV:KUT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Redishred Capital Corp (TSXV:KUT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

RDCPF:USA

Address

2233 Argentia Road, Suite 202, Mississauga, ON, CAN, L5N 2X7

Website

https://www.proshred.com

Redishred Capital Corp is a company that manages and operates the Proshred brand and business platform in the United States and internationally. It operates the Proshred system under two business models, via franchising in the United States, and via direct ownership of shredding trucks and facilities in eight locations in the United States. The operating segments of the company are (1) the granting and managing of shredding business franchises under the "Proshred" trademark (Franchising and licensing), (2) the operation of the corporately owned shredding business (Corporate locations) and (3) supporting the franchises and corporately owned shredding businesses (Corporate).

Redishred Capital (TSXV:KUT) Headlines

No Headlines