Cryptoblox Technologies (XCNQ:BLOX) Debt-to-Equity : 0.01 (As of Oct. 2023)

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What is Cryptoblox Technologies Debt-to-Equity?

Cryptoblox Technologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was C$0.00 Mil. Cryptoblox Technologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was C$0.06 Mil. Cryptoblox Technologies's Total Stockholders Equity for the quarter that ended in Oct. 2023 was C$7.80 Mil. Cryptoblox Technologies's debt to equity for the quarter that ended in Oct. 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 Cryptoblox Technologies's Debt-to-Equity or its related term are showing as below:

XCNQ:BLOX' s Debt-to-Equity Range Over the Past 10 Years
Min: -7 Med: -0.01 Max: 0.45
Current: 0.01

During the past 9 years, the highest Debt-to-Equity Ratio of Cryptoblox Technologies was 0.45. The lowest was -7.00. And the median was -0.01.

XCNQ:BLOX's Debt-to-Equity is ranked better than
99.95% of 2222 companies
in the Software industry
Industry Median: 0.21 vs XCNQ:BLOX: 0.01

Cryptoblox Technologies Debt-to-Equity Historical Data

The historical data trend for Cryptoblox Technologies'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.

Cryptoblox Technologies Debt-to-Equity Chart

Cryptoblox Technologies Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Debt-to-Equity

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-0.08

-0.03

-0.07

0.01

0.02

Cryptoblox Technologies Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Debt-to-Equity	Get a 7-Day Free Trial															0.01	0.02	0.02	0.01	0.01

Competitive Comparison of Cryptoblox Technologies's Debt-to-Equity

For the Software - Infrastructure subindustry, Cryptoblox Technologies'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.

Cryptoblox Technologies's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, Cryptoblox Technologies's Debt-to-Equity distribution charts can be found below:

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

Cryptoblox Technologies Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cryptoblox Technologies's Debt to Equity Ratio for the fiscal year that ended in Jan. 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	+	0.052)	/	2.275
	=	0.02

Cryptoblox Technologies's Debt to Equity Ratio for the quarter that ended in Oct. 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	+	0.056)	/	7.803
	=	0.01

Cryptoblox Technologies (XCNQ:BLOX) 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.

Cryptoblox Technologies Debt-to-Equity Related Terms

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Cryptoblox Technologies (XCNQ:BLOX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Cryptoblox Technologies Inc (XCNQ:BLOX) » Definitions » Debt-to-Equity

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CRYBF:USA EVB0:Germany

Address

1055 West Georgia Street, Suite 2400, Vancouver, BC, CAN, V6E 3P3

Website

https://www.cryptoblox.ca

Cryptoblox Technologies Inc is a Blockchain and Battery technology company with revolutionary, patented Battery Management Systems (BMS) designed to meet the exponentially growing demand for scalable, smart solutions for the rapidly growing Electric Vehicle (EV) and Energy Storage Solution (ESS) markets. It focuses on developing and implementing blockchain, distributed ledger, closed-loop, and cryptocurrency services for government and commercial partners. The company has committed to assisting global recycling solutions by offering recycling initiatives using its technology to analyze and fully refurbish used batteries.

Executives

Maryam Amin Shanjani

Senior Officer