Loop Industries, Inc.

NasdaqGM LOOP

Loop Industries, Inc. Debt to Equity Ratio for the year ending February 29, 2024: 0.23

Loop Industries, Inc. Debt to Equity Ratio is 0.23 for the year ending February 29, 2024, a 139.82% change year over year. Debt to equity ratio represents the financing from debt versus equity. Higher ratio indicates more debt reliance, suggesting potential risk.

Loop Industries, Inc. Debt to Equity Ratio for the year ending February 28, 2023 was 0.10, a 33.27% change year over year.
Loop Industries, Inc. Debt to Equity Ratio for the year ending February 28, 2022 was 0.07, a -1.76% change year over year.
Loop Industries, Inc. Debt to Equity Ratio for the year ending February 28, 2021 was 0.07, a 25.57% change year over year.
Loop Industries, Inc. Debt to Equity Ratio for the year ending February 29, 2020 was 0.06, a -97.72% change year over year.

Key data

Date	Debt to Equity Ratio	Debt to Income Ratio	Debt to Tangible Net Worth Ratio	Dividend Coverage Ratio

NasdaqGM: LOOP

Loop Industries, Inc.

CEO	Mr. Daniel Solomita
IPO Date	Nov. 20, 2017
Location	Canada
Headquarters	480 Fernand-Poitras Terrebonne
Employees	50
Sector	Materials
Industries Plastics Chemicals & Advanced Materials Petrochemicals

Description

Loop Industries, Inc., a technology company, focuses on depolymerizing waste polyethylene terephthalate (PET) plastics and polyester fibers into base building blocks. It polymerized monomers into virgin-quality PET resins for use in food-grade plastic packaging, such as plastic bottles for water and carbonated soft drinks, and containers for food and other consumer products; and polyester fibers, including textiles, clothing, and apparel. The company was incorporated in 2010 and is based in Terrebonne, Canada.

Key trends

Past 5 years