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Planet X II Capital (TSXV:PLXX.P) Debt-to-Equity : 0.00 (As of Mar. 2024)


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What is Planet X II Capital Debt-to-Equity?

Planet X II Capital's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.00 Mil. Planet X II Capital's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.00 Mil. Planet X II Capital's Total Stockholders Equity for the quarter that ended in Mar. 2024 was C$0.16 Mil. Planet X II Capital's debt to equity for the quarter that ended in Mar. 2024 was 0.00.

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

TSXV:PLXX.P's Debt-to-Equity is not ranked *
in the Diversified Financial Services industry.
Industry Median: 0.13
* Ranked among companies with meaningful Debt-to-Equity only.

Planet X II Capital Debt-to-Equity Historical Data

The historical data trend for Planet X II 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.

Planet X II Capital Debt-to-Equity Chart

Planet X II Capital Annual Data
Trend Jun21 Jun22 Jun23
Debt-to-Equity
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Planet X II Capital Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only - - - - -

Competitive Comparison of Planet X II Capital's Debt-to-Equity

For the Shell Companies subindustry, Planet X II 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.


Planet X II Capital's Debt-to-Equity Distribution in the Diversified Financial Services Industry

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

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



Planet X II Capital Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Planet X II Capital's Debt to Equity Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Planet X II Capital's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

* 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.


Planet X II Capital  (TSXV:PLXX.P) 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.


Planet X II Capital Debt-to-Equity Related Terms

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


Planet X II Capital (TSXV:PLXX.P) Business Description

Traded in Other Exchanges
N/A
Address
1600 609 Granville Street, Vancouver, BC, CAN, V7Y 1C3
Website
Planet X II Capital Corp is a capital pool company.

Planet X II Capital (TSXV:PLXX.P) Headlines

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