ICEsoft Technologies Canada (XCNQ:ISFT) Debt-to-Equity : -0.39 (As of Sep. 2023)

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What is ICEsoft Technologies Canada Debt-to-Equity?

ICEsoft Technologies Canada's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$0.16 Mil. ICEsoft Technologies Canada's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$0.88 Mil. ICEsoft Technologies Canada's Total Stockholders Equity for the quarter that ended in Sep. 2023 was C$-2.67 Mil. ICEsoft Technologies Canada's debt to equity for the quarter that ended in Sep. 2023 was -0.39.

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 ICEsoft Technologies Canada's Debt-to-Equity or its related term are showing as below:

XCNQ:ISFT' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.4 Med: -0.34 Max: -0.08
Current: -0.39

During the past 5 years, the highest Debt-to-Equity Ratio of ICEsoft Technologies Canada was -0.08. The lowest was -0.40. And the median was -0.34.

XCNQ:ISFT's Debt-to-Equity is not ranked
in the Software industry.
Industry Median: 0.21 vs XCNQ:ISFT: -0.39

ICEsoft Technologies Canada Debt-to-Equity Historical Data

The historical data trend for ICEsoft Technologies Canada'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.

ICEsoft Technologies Canada Debt-to-Equity Chart

ICEsoft Technologies Canada Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

-0.36

-0.40

-0.11

-0.13

-0.35

ICEsoft Technologies Canada Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															-0.40	-0.35	-0.40	-0.35	-0.39

Competitive Comparison of ICEsoft Technologies Canada's Debt-to-Equity

For the Software - Application subindustry, ICEsoft Technologies Canada'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.

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

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

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

ICEsoft Technologies Canada Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

ICEsoft Technologies Canada'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
	=	(0.122	+	0.623)	/	-2.141
	=	-0.35

ICEsoft Technologies Canada'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
	=	(0.159	+	0.884)	/	-2.671
	=	-0.39

ICEsoft Technologies Canada (XCNQ:ISFT) 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.

ICEsoft Technologies Canada Debt-to-Equity Related Terms

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ICEsoft Technologies Canada (XCNQ:ISFT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ICEsoft Technologies Canada Corp (XCNQ:ISFT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

3553 31st St. NW, Suite 261, Calgary, AB, CAN, T2L 2K7

Website

https://www.icesoft.com

ICEsoft Technologies Canada Corp and its subsidiaries are commercial Java open-source technology companies and providers of mobile-rich Internet applications development solutions for desktop and mobile enterprises. The solutions offered by the company include Voyent Alert, ICEfaces, and ICEpdf.

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