Kaival Brands Innovations Group (Kaival Brands Innovations Group) Debt-to-Equity : 0.16 (As of Jan. 2024)

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What is Kaival Brands Innovations Group Debt-to-Equity?

Kaival Brands Innovations Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $1.01 Mil. Kaival Brands Innovations Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $0.82 Mil. Kaival Brands Innovations Group's Total Stockholders Equity for the quarter that ended in Jan. 2024 was $11.75 Mil. Kaival Brands Innovations Group's debt to equity for the quarter that ended in Jan. 2024 was 0.16.

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 Kaival Brands Innovations Group's Debt-to-Equity or its related term are showing as below:

KAVL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.06 Max: 0.2
Current: 0.16

During the past 6 years, the highest Debt-to-Equity Ratio of Kaival Brands Innovations Group was 0.20. The lowest was 0.00. And the median was 0.06.

KAVL's Debt-to-Equity is ranked better than
56.76% of 37 companies
in the Tobacco Products industry
Industry Median: 0.28 vs KAVL: 0.16

Kaival Brands Innovations Group Debt-to-Equity Historical Data

The historical data trend for Kaival Brands Innovations 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.

Kaival Brands Innovations Group Debt-to-Equity Chart

Kaival Brands Innovations Group Annual Data

Trend

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Debt-to-Equity

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0.02

0.12

0.14

Kaival Brands Innovations Group Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Debt-to-Equity	Get a 7-Day Free Trial															0.14	0.20	0.10	0.14	0.16

Competitive Comparison of Kaival Brands Innovations Group's Debt-to-Equity

For the Tobacco subindustry, Kaival Brands Innovations 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.

Kaival Brands Innovations Group's Debt-to-Equity Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, Kaival Brands Innovations Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Kaival Brands Innovations Group's Debt-to-Equity falls into.

Kaival Brands Innovations Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kaival Brands Innovations Group's Debt to Equity Ratio for the fiscal year that ended in Oct. 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
	=	(0.984	+	0.866)	/	13.557
	=	0.14

Kaival Brands Innovations Group's Debt to Equity Ratio for the quarter that ended in Jan. 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
	=	(1.011	+	0.817)	/	11.748
	=	0.16

Kaival Brands Innovations Group (NAS:KAVL) 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.

Kaival Brands Innovations Group Debt-to-Equity Related Terms

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Kaival Brands Innovations Group (Kaival Brands Innovations Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Kaival Brands Innovations Group Inc (NAS:KAVL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

4460 Old Dixie Highway, Grant, FL, USA, 32949

Website

https://www.kaivalbrands.com

Kaival Brands Innovations Group Inc is focused on growing and incubating innovative and profitable products. The company is engaged in the business of developing electronic nicotine delivery systems and related components. Its primary product includes Bidi Stick. The BIDI Stick comes in a variety of flavor options for adult cigarette smokers.

Executives

Stephen Alan Sheriff	officer: COO & IRO	4460 OLD DIXIE HIGHWAY, GRANT-VALKARIA FL 32949
Thomas James Metzler	officer: CFO, Treasurer and Secretary	KAIVAL BRANDS INNOVATIONS GROUP, INC., 4460 OLD DIXIE HIGHWAY, GRANT FL 32949
James Patrick Cassidy	director	14 SOUTH PACK SQUARE, SUITE 403, ASHEVILLE NC 28801
Barry Michael Hopkins	director	KAIVAL BRANDS INNOVATIONS GROUP, INC., 4460 OLD DIXIE HIGHWAY, GRANT FL 32949
David Worner	director	KAIVAL BRANDS INNOVATIONS GROUP, INC., 4460 OLD DIXIE HIGHWAY, GRANT FL 32949
Mark L Thoenes	officer: Interim CFO	7700 N.E. AMBASSADOR PL, PORTLAND OR 97220
George T. Chuang	director	4460 OLD DIXIE HIGHWAY, GRANT FL 32949
Nirajkumar Patel	director, 10 percent owner, officer: CEO, CFO, President, Treasurer	4460 OLD DIXIE HIGHWAY,, GRANT FL 32949
Paul John Reuter	director	4460 OLD DIXIE HIGHWAY, GRANT FL 32949
Roger Brooks	director	4460 OLD DIXIE HIGHWAY, GRANT FL 32949
Carolyn Hanigan	director	4460 OLD DIXIE HIGHWAY, GRANT FL 32949
Eric Mosser	director, 10 percent owner, officer: COO, Secretary	4460 OLD DIXIE HIGHWAY, GRANT FL 32949
Kaival Brands Innovations Group, Llc	10 percent owner	4460 OLD DIXIE HIGHWAY, GRANT FL 32949
Gmrz Holdings Llc	10 percent owner	780 RESERVOIR AVENUE, #123, CRANSTON RI 02910