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Did North American Construction Group Ltd. (TSE:NOA) Use Debt To Deliver Its ROE Of 14%?

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82% Informative

North American Construction Group Ltd. ( TSE : NOA ) Its 14% return on equity is a key measure for company's ability to turn profits into profits.

ROE is a useful indicator of the ability to generate profits and return them to shareholders.

The company has a debt to equity ratio of 1.91 .

While its return is respectable, the amount of debt the company is carrying is not ideal.