WestBond Enterprises (TSXV:WBE) Debt-to-Equity : 0.32 (As of Dec. 2023)

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What is WestBond Enterprises Debt-to-Equity?

WestBond Enterprises's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.89 Mil. WestBond Enterprises's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$1.59 Mil. WestBond Enterprises's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$7.79 Mil. WestBond Enterprises's debt to equity for the quarter that ended in Dec. 2023 was 0.32.

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 WestBond Enterprises's Debt-to-Equity or its related term are showing as below:

TSXV:WBE' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.72 Max: 1.11
Current: 0.32

During the past 13 years, the highest Debt-to-Equity Ratio of WestBond Enterprises was 1.11. The lowest was 0.01. And the median was 0.72.

TSXV:WBE's Debt-to-Equity is ranked better than
61.28% of 266 companies
in the Forest Products industry
Industry Median: 0.49 vs TSXV:WBE: 0.32

WestBond Enterprises Debt-to-Equity Historical Data

The historical data trend for WestBond Enterprises'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.

WestBond Enterprises Debt-to-Equity Chart

WestBond Enterprises Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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1.11

0.88

0.53

0.44

0.30

WestBond Enterprises 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															0.33	0.30	0.35	0.35	0.32

Competitive Comparison of WestBond Enterprises's Debt-to-Equity

For the Paper & Paper Products subindustry, WestBond Enterprises'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.

WestBond Enterprises's Debt-to-Equity Distribution in the Forest Products Industry

For the Forest Products industry and Basic Materials sector, WestBond Enterprises's Debt-to-Equity distribution charts can be found below:

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

WestBond Enterprises Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

WestBond Enterprises's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(0.574	+	1.794)	/	7.831
	=	0.30

WestBond Enterprises'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
	=	(0.89	+	1.586)	/	7.785
	=	0.32

WestBond Enterprises (TSXV:WBE) 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.

WestBond Enterprises Debt-to-Equity Related Terms

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

WestBond Enterprises (TSXV:WBE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » WestBond Enterprises Corp (TSXV:WBE) » Definitions » Debt-to-Equity

Traded in Other Exchanges

WBNEF:USA

Address

7403 Progress Way, Unit 101, Delta, BC, CAN, V4G 1E7

Website

https://www.westbond.ca

WestBond Enterprises Corp is mainly engaged in manufacturing and selling disposable paper products for medical, hygienic, and industrial uses. The company operates in a single segment of Disposable Paper Products. Its products are categorized under Personal hygiene, Clinical, Long-term care, Non-clinical air-laid, and Other products. The company's product pipeline includes examination table paper, dental bibs, sheets, pillowcases, gowns, aprons, Jumbo Roll Bathroom Tissue, Conventional Bathroom Tissue, Towels such as Center Pull, Kraft Roll, and Single Fold, Roll Air Laid Wipes, among others.

WestBond Enterprises (TSXV:WBE) Headlines

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