Allied (Allied) Debt-to-Equity : -0.83 (As of Feb. 2024)

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What is Allied Debt-to-Equity?

Allied's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was $6.15 Mil. Allied's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was $0.10 Mil. Allied's Total Stockholders Equity for the quarter that ended in Feb. 2024 was $-7.53 Mil. Allied's debt to equity for the quarter that ended in Feb. 2024 was -0.83.

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 Allied's Debt-to-Equity or its related term are showing as below:

ALID' s Debt-to-Equity Range Over the Past 10 Years
Min: -13.47 Med: -0.84 Max: 1.19
Current: -0.83

During the past 6 years, the highest Debt-to-Equity Ratio of Allied was 1.19. The lowest was -13.47. And the median was -0.84.

ALID's Debt-to-Equity is not ranked
in the Drug Manufacturers industry.
Industry Median: 0.3 vs ALID: -0.83

Allied Debt-to-Equity Historical Data

The historical data trend for Allied'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.

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Allied Debt-to-Equity Chart

Allied Annual Data

Trend

Mar18

Mar19

Aug20

Aug21

Aug22

Aug23

Debt-to-Equity

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0.54

-3.84

-3.96

-0.85

Allied Quarterly Data
	Mar19	Jun19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-Equity	Get a 7-Day Free Trial															-2.77	-2.41	-0.85	-0.83	-0.83

Competitive Comparison of Allied's Debt-to-Equity

For the Drug Manufacturers - Specialty & Generic subindustry, Allied'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.

Allied's Debt-to-Equity Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Allied's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Allied's Debt-to-Equity falls into.

Allied Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Allied's Debt to Equity Ratio for the fiscal year that ended in Aug. 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
	=	(5.763	+	0.099)	/	-6.884
	=	-0.85

Allied's Debt to Equity Ratio for the quarter that ended in Feb. 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
	=	(6.15	+	0.096)	/	-7.527
	=	-0.83

Allied (OTCPK:ALID) 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.

Allied Debt-to-Equity Related Terms

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Allied (Allied) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Allied Corp (OTCPK:ALID) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1405 St. Paul Street, Suite 201, Kelowna, BC, CAN, V1Y 9N2

Website

https://www.allied.health

Allied Corp is an international cannabis company with a mission to help people suffering from Post-Traumatic Stress Disorder (PTSD) by researching, creating, and producing targeted cannabinoid health solutions. The company uses an evidence-informed scientific approach to make this mission possible through cutting-edge pharmaceutical research and development, plant-based production, and the development of therapeutic products. The company operates in two segments which include Allied and Allied Colombia. Its geographical segments consist of Colombia and Canada. The company's revenue is comprised ofsales ofcannabis products.

Executives

James George Robinson	director, 10 percent owner	10 EAST LEE STREET, SUITE 2705, BALTIMORE MD 21202
Anthony Zelen	director, 10 percent owner	1406 MINE HILL LANE, KELOWNA A1 V1P 1S5
Calum Hughes	director, 10 percent owner, officer: Chief Executive Officer	1847 CROSSGLEN COURT, KELOWNA A1 V1V 1S4
David Weinkauf	director, 10 percent owner, officer: Chief Business Development Off	192 SIERRA MORENA LANDING, SW CALGARY A0 T3H 4K4
Paul James Bullock	director, 10 percent owner, officer: Chief Operating Officer	1400 ST PAUL ST, SUITE 201, KELOWNA Z4 V1Y9N2