SPGX (Sustainable Projects Group) Debt-to-Equity : -1.45 (As of Jun. 2024)

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What is Sustainable Projects Group Debt-to-Equity?

Sustainable Projects Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $0.28 Mil. Sustainable Projects Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $1.42 Mil. Sustainable Projects Group's Total Stockholders Equity for the quarter that ended in Jun. 2024 was $-1.18 Mil. Sustainable Projects Group's debt to equity for the quarter that ended in Jun. 2024 was -1.45.

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 Sustainable Projects Group's Debt-to-Equity or its related term are showing as below:

SPGX' s Debt-to-Equity Range Over the Past 10 Years
Min: -254.29 Med: -0.79 Max: 30.75
Current: -1.45

During the past 13 years, the highest Debt-to-Equity Ratio of Sustainable Projects Group was 30.75. The lowest was -254.29. And the median was -0.79.

SPGX's Debt-to-Equity is not ranked
in the Metals & Mining industry.
Industry Median: 0.13 vs SPGX: -1.45

Sustainable Projects Group Debt-to-Equity Historical Data

The historical data trend for Sustainable Projects Group'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.

Sustainable Projects Group Debt-to-Equity Chart

Sustainable Projects Group Annual Data

Trend

May14

May15

May16

May17

May18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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-1.06

-3.68

-0.39

-0.79

30.75

Sustainable Projects Group Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Debt-to-Equity	Get a 7-Day Free Trial															-18.03	-254.29	30.75	-2.82	-1.45

Competitive Comparison of Sustainable Projects Group's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Sustainable Projects Group'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.

Sustainable Projects Group's Debt-to-Equity Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Sustainable Projects Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Sustainable Projects Group's Debt-to-Equity falls into.

Sustainable Projects Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sustainable Projects Group's Debt to Equity Ratio for the fiscal year 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
	=	(0.254	+	1.56)	/	0.059
	=	30.75

Sustainable Projects Group's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(0.281	+	1.42)	/	-1.175
	=	-1.45

Sustainable Projects Group (OTCPK:SPGX) 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.

Sustainable Projects Group Debt-to-Equity Related Terms

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Sustainable Projects Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sustainable Projects Group Inc (OTCPK:SPGX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Tankedraget 7, Aalborg, DNK, DK-9000

Website

https://www.spgroupe.com

Sustainable Projects Group Inc is a pure-play lithium company focused on supplying high-performance lithium compounds to the fast-growing electric vehicle (EV) and broader battery markets. It has developed a proprietary technology to extract lithium from oilfield wastewater, which It believes will enable the company to manufacture lithium compounds quickly, at an attractive cost, and with a minimal environmental footprint, which it expects to provide the company with a competitive advantage over other lithium manufacturers.

Executives

Mathiesen Sune	director, officer: Chairman, President and CEO	HELSTED HUSEVEJ 45, RANDERS G7 8920
Kestrel Flight Fund Llc	10 percent owner	149 MEADOWBROOK ROAD, WESTON MA 02493
Paw Juul	officer: Chief Technology Officer	2316 PINE RIDGE ROAD #383, NAPLES FL 34109
Paul Meier	10 percent owner	STEINLERSTRASSE 18, WANGI V8 9545
Muehlbauer Kurt Manfred Henry	other: Shareholder	12851 CARRINGTON CIR, #203, NAPLES FL 34105
Tiffany Anne Muehlbauer	officer: Chief Operating Officer	12850 CARRINGTON CIR, #102, NAPLES FL 34105
Stefan Muehlbauer	director, officer: Chief Communications Officer	12850 CARRINGTON CIRCLE, #102, NAPLES FL 34105
Christian Winzenried	director, officer: CEO / President	2316 PINE RIDGE ROAD, 383, NAPLES FL 34109
Philip Grothe	director	HAGELSTRASSE 72, DINSLAKEN 2M 46535
Christopher Grunder	10 percent owner	2316 PINE RIDGE ROAD, 383, NAPLES FL 34109
Suha Hachler	director, officer: CFO	403 E. COMMERCE STREET, SAN ANTONIO TX 78205