Magnetic North Acquisition (TSXV:MNC) Debt-to-Equity : -0.01 (As of Sep. 2023)

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What is Magnetic North Acquisition Debt-to-Equity?

Magnetic North Acquisition's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$0.18 Mil. Magnetic North Acquisition's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$0.00 Mil. Magnetic North Acquisition's Total Stockholders Equity for the quarter that ended in Sep. 2023 was C$-18.51 Mil. Magnetic North Acquisition's debt to equity for the quarter that ended in Sep. 2023 was -0.01.

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 Magnetic North Acquisition's Debt-to-Equity or its related term are showing as below:

TSXV:MNC' s Debt-to-Equity Range Over the Past 10 Years
Min: -6.67 Med: -0.02 Max: 3.33
Current: -0.01

During the past 13 years, the highest Debt-to-Equity Ratio of Magnetic North Acquisition was 3.33. The lowest was -6.67. And the median was -0.02.

TSXV:MNC's Debt-to-Equity is not ranked
in the Capital Markets industry.
Industry Median: 0.36 vs TSXV:MNC: -0.01

Magnetic North Acquisition Debt-to-Equity Historical Data

The historical data trend for Magnetic North Acquisition'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.

Magnetic North Acquisition Debt-to-Equity Chart

Magnetic North Acquisition Annual Data

Trend

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Dec21

Dec22

Debt-to-Equity

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-0.77

-0.15

-0.01

Magnetic North Acquisition Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															-0.02	-0.01	-0.01	-0.01	-0.01

Competitive Comparison of Magnetic North Acquisition's Debt-to-Equity

For the Capital Markets subindustry, Magnetic North Acquisition'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.

Magnetic North Acquisition's Debt-to-Equity Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Magnetic North Acquisition's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Magnetic North Acquisition's Debt-to-Equity falls into.

Magnetic North Acquisition Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Magnetic North Acquisition's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(0.177	+	0)	/	-18.47
	=	-0.01

Magnetic North Acquisition's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(0.177	+	0)	/	-18.507
	=	-0.01

Magnetic North Acquisition (TSXV:MNC) 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.

Magnetic North Acquisition Debt-to-Equity Related Terms

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Magnetic North Acquisition (TSXV:MNC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Magnetic North Acquisition Corp (TSXV:MNC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

BKBLF:USA MNC.PR.A.PFD:Canada

Address

1000, 250 - 2 Street SW, Calgary, AB, CAN, T2P 0C1

Website

https://www.magneticnac.com

Magnetic North Acquisition Corp operates as a merchant bank providing capital, management and board representation to small to mid-capitalization private companies. Its industry focus for investments include clean power technology, special situations, and consumer products, oilfield services, manufacturing and technology inclusive of software and hardware. The company is focused on creating shareholder value by providing strategic and financial advice and services to companies.

Magnetic North Acquisition (TSXV:MNC) Headlines

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