Canadian Stocks with the Highest Debt/Equity Ratio



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Lowest Debt/Equity

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A high debt to equity ratio can be a red flag when you are selecting stocks. It may not mean the stock is for sure a non-buy, but you should tread carefully.

Conversely, see our article on lowest debt to equity Canadian equities.

Often this companies have limited options when it comes to managing their debt and a default MAY be in the books for companies with very high ratios

Below is a list of the 150 TSX traded Canadian stocks with the highest Debt/Equity ratio. You should note that there are worse stocks on the Canadian exchange in terms of debt to equity. A stock with a rating of 0 or negative often indicates that the company has no net equity! In this case, this ratio won't apply as this is a worse situation. At least the below companies have some equity.

Sub1

Company Ticker debt/equity
Rutter Inc.  RUT  92.68
Intrepid Mines  IAU  17.97
General Donlee Canada  GDI  14.67
Garda World Security Corp  GW  12.66
Homburg Invest  HII.B  9.36
Homburg Invest  HII.A  9.36
Royal Host Inc.  RYL  8.47
HOMEQ  HEQ  8.45
Boliden AB  BLS  8.24
Call Genie Inc.  GNE  7.71
Northern Financial  NFC  7.54
Counsel Corporation  CXS  5.34
Brookfield Asset Management  BAM.A  4.56
Medicago  MDG  3.92
Candax Energy  CAX  3.71
Onex Corporation  OCX  3.61
Capital Power  CPX  3.52
Quebecor Inc.  QBR.A  3.32
Quebecor Inc.  QBR.B  3.32
Air Canada  AC.A  3.13
Air Canada  AC.B  3.13
Killam Properties Inc  KMP  3.11
Leisureworld Senior Care Corp.  LW  3.08
Wall Financial  WFC  2.9
Avnel Gold Mining  AVK  2.72
Gazit America  GAA  2.7
Ainsworth Lumber Co.  ANS  2.7
Adeptron Technologies  ATQ  2.69
China Gold Intl. Resources  CGG  2.52
COGECO Inc.  CGO  2.51
Veresen Inc.  VSN  2.48
Canadian Satellite Radio  XSR  2.44
MDC Partners  MDZ.A  2.41
ClubLink Enterprises  CLK  2.41
Athabasca Oil Sands Corp.  ATH  2.32
Plutonic Power Corp.  PCC  2.26
Morguard Corp.  MRC  2.24
First Capital Realty  FCR  2.19
Strongco Corporation  SQP  2.15
GMP Capital  GMP  2.1
Ivanhoe Mines  IVN  2.06
EnGlobe  EG  2.04
Discovery Air  DA.A  2.02
Mad Catz Interactive  MCZ  1.98
Rogers Communications  RCI.B  1.98
Rogers Communications  RCI.A  1.98
Enbridge Inc.  ENB  1.96
Kingsway Financial Services  KFS  1.95
Wilmington Capital Managem.  WCM.A  1.94
Wilmington Capital Managem.  WCM.B  1.94
Village Farms International  VFF  1.94
Perpetual Energy  PMT  1.93
Emera Inc.  EMA  1.91
Northstar Aerospace  NAS  1.89
FirstService Corp.  FSV  1.89
Valener Inc.  VNR  1.88
Brookfield Properties  BPO  1.84
ATCO Ltd.  ACO.Y  1.82
ATCO Ltd.  ACO.X  1.82
SNC-Lavalin Group  SNC  1.81
ARISE Technologies  APV  1.78
OPTI Canada  OPC  1.75
Pacific & Western Credit  PWC  1.72
Spectral Diagnostics  SDI  1.71
Enbridge Income Fund Holdings  ENF  1.71
LAB Research  LRI  1.68
TVI Pacific  TVI  1.67
Tembec Inc.  TMB  1.66
Superior Plus  SPB  1.62
AutoCanada Inc.  ACQ  1.57
Fortis Inc.  FTS  1.53
TransAlta Corp.  TA  1.53
Amica Mature Lifestyles  ACC  1.52
SMTC Corp.  SMX  1.48
Magna Entertainment  MEC.A  1.47
North American Energy Partners  NOA  1.46
Shaw Communications  SJR.B  1.44
Norbord Inc.  NBD  1.41
Timminco Ltd.  TIM  1.41
Andrew Peller  ADW.A  1.34
Andrew Peller  ADW.B  1.34
TransForce Inc.  TFI  1.34
Clarke Inc.  CKI  1.32
Connacher Oil and Gas  CLL  1.31
TransCanada Corp.  TRP  1.29
Supremex Inc.  SXP  1.25
Brookfield Real Estate Serv.  BRE  1.2
Cascades Inc.  CAS  1.19
Marsulex Inc.  MLX  1.19
Imvescor Restaurant Group  IRG  1.18
Wajax Corp.  WJX  1.18
Synergex  SYX  1.18
Caribbean Utilities  CUP.U (US$)  1.17
Accord Financial  ACD  1.17
Innergex Renewable Energy  INE  1.15
Aecon Group  ARE  1.15
Bombardier Inc.  BBD.A  1.13
Bombardier Inc.  BBD.B  1.13
Hanwei Energy Services  HE  1.12
Chesswood Group  CHW  1.11
IMAX Corp.  IMX  1.11
GeneNews  GEN  1.11
Liquidation World  LQW  1.09
Madison Pacific Properties  MPC.C  1.08
Madison Pacific Properties  MPC  1.08
Northland Power Inc.  NPI  1.08
Microbix Biosystems  MBX  1.06
Canlan Ice Sports  ICE  1.04
Pembina Pipeline Corp.  PPL  1.03
Algonquin Power & Utilities  AQN  1.02
IBI Group Inc.  IBG  1.01
Rainmaker Entertainment  RNK  1.01
Domtar Canada Paper  UFX  1.01
Homeland Energy Group  HEG  1.01
Cargojet Inc.  CJT  1
Cargojet Inc.  CJT.A  1
Catalyst Paper  CTL  0.98
Avcorp Industries  AVP  0.97
AltaGas Ltd.  ALA  0.97
Liberty Mines  LBE  0.97
Nexen Inc.  NXY  0.96
Commercial Solutions  CSA  0.96
Atlantic Power  ATP  0.96
Mood Media  MM  0.95
Magellan Aerospace  MAL  0.94
Macquarie Power & Infrastruct.  MPT  0.94
Sherritt International  0.93
CanWel Building Materials  CWX  0.93
Patheon Inc.  PTI  0.92
ProSep Inc.  PRP  0.92
Canadian Utilities  CU  0.92
Melcor Developments  MRD  0.92
Intertape Polymer Group  ITP  0.91
PhoneTime  PHD  0.91
Premium Brands  PBH  0.91
Sterling Shoes Inc.  SSI  0.91
Global Railway Industries  GBI  0.89
Genesis Land Development  GDC  0.88
WestJet Airlines  WJA  0.88
WestJet Airlines  WJA.A  0.88
Student Transportation  STB  0.88
Maple Leaf Foods  MFI  0.88
Scorpio Mining Corp  SPM  0.87
Tudor Corp.  TDR  0.87
Pacific Northern Gas  PNG  0.85
Equal Energy Ltd.  EQU  0.84
George Weston Ltd.  WN  0.84
Cogeco Cable  CCA  0.84
Sun Gro Horticultural Inc.  GRO  0.84
IESI-BFC  BIN  0.83

List current as of Jan 2011