Luxxfolio Holdings (XCNQ:LUXX) Debt-to-Equity : 0.00 (As of Feb. 2024)

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What is Luxxfolio Holdings Debt-to-Equity?

Luxxfolio Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$0.00 Mil. Luxxfolio Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$0.00 Mil. Luxxfolio Holdings's Total Stockholders Equity for the quarter that ended in Feb. 2024 was C$-0.17 Mil. Luxxfolio Holdings's debt to equity for the quarter that ended in Feb. 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 Luxxfolio Holdings's Debt-to-Equity or its related term are showing as below:

XCNQ:LUXX' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.19 Med: 0.84 Max: 4.04
Current: -1.99

During the past 6 years, the highest Debt-to-Equity Ratio of Luxxfolio Holdings was 4.04. The lowest was -0.19. And the median was 0.84.

XCNQ:LUXX's Debt-to-Equity is not ranked
in the Capital Markets industry.
Industry Median: 0.37 vs XCNQ:LUXX: -1.99

Luxxfolio Holdings Debt-to-Equity Historical Data

The historical data trend for Luxxfolio Holdings'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.

Luxxfolio Holdings Debt-to-Equity Chart

Luxxfolio Holdings Annual Data

Trend

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Debt-to-Equity

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0.99

0.82

Luxxfolio Holdings Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-Equity	Get a 7-Day Free Trial															0.77	-0.19	-	-	-

Competitive Comparison of Luxxfolio Holdings's Debt-to-Equity

For the Capital Markets subindustry, Luxxfolio Holdings'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.

Luxxfolio Holdings's Debt-to-Equity Distribution in the Capital Markets Industry

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

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

Luxxfolio Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Luxxfolio Holdings's Debt to Equity Ratio for the fiscal year that ended in Aug. 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)	/	-0.136
	=	0.00

Luxxfolio Holdings's Debt to Equity Ratio for the quarter that ended in Feb. 2024 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)	/	-0.168
	=	0.00

Luxxfolio Holdings (XCNQ:LUXX) 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.

Luxxfolio Holdings Debt-to-Equity Related Terms

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

Luxxfolio Holdings (XCNQ:LUXX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Luxxfolio Holdings Inc (XCNQ:LUXX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

LUXFF:USA LUH:Germany

Address

417 - 1080 Mainland Street, Vancouver, BC, CAN, V6B 2T4

Website

https://www.luxxfolio.com

Luxxfolio Holdings Inc is a vertically-integrated digital asset company based in Canada. It is a digital infrastructure provider for bitcoin mining and data hosting operations. It earns revenue in the form of Cryptocurrency mining and also generates a substantial part of its revenue from hosting third party miners in the form of fixed monthly charges as well as variable charges based on power consumed. Geographically, it is present in Canada and USA, with a majority of its revenue being derived from its operations in USA.

Executives

Kelly Klatik

Director