Debt-to-Equity Ratio
Higher than 32% of Consumer Cyclical sector peers
Updated 47h ago
Sector Performance
32th percentileGOEV
0.34x
Sector Median
0.77x
Sector Avg
2.56x
Deep Analysis
The debt-to-equity ratio compares a company’s total liabilities to its shareholders’ equity; at 0.34x, Canoo has only $0.34 of debt for every $1 of equity, indicating low financial leverage.
This is well below the Consumer Cyclical sector median of 0.76x and places the company in the 31st percentile among peers, meaning it uses less debt than about 69% of similar firms. The metric has been perfectly stable over the past eight quarters, with a year-over-year change of +0.0% and a quarter-over-quarter change of +0.0%, showing no recent shift in capital structure. Combining a low debt level with a flat trend reduces financial risk from leverage but also suggests the company is not aggressively using debt to fund growth, which could limit upside in expansion. This metric supports the overall NEUTRAL verdict because the conservative debt profile is neither a red flag nor a catalyst for outperformance, fitting a balanced assessment.
Frequently Asked Questions
What does the Debt-to-Equity Ratio tell investors about GOEV?
Shows how much a company is financing its operations through debt vs shareholder funds. High D/E can amplify returns — and losses.
How is the Debt-to-Equity Ratio calculated?
Debt-to-Equity Ratio is calculated as: Total Debt / Shareholders' Equity.
How does GOEV's Debt-to-Equity Ratio compare to its sector?
GOEV's Debt-to-Equity Ratio of 0.34x compares to a Consumer Cyclical sector median of 0.77x, placing it in the 32th percentile.
Who are GOEV's closest peers by Debt-to-Equity Ratio?
The closest Consumer Cyclical peers by Debt-to-Equity Ratio include: ABNB (0.33x), MELI (0.33x), EVGO (0.32x), COLM (0.30x), SE (0.28x).
The Formula
Total Debt / Shareholders' Equity
Why It Matters
Shows how much a company is financing its operations through debt vs shareholder funds. High D/E can amplify returns — and losses.
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0.34x
Sector Median
0.77x
Sector Avg
2.56x
How GOEV's Debt-to-Equity Ratio compares to sector peers.
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Not financial advice. Research tool only. Data may be delayed.