1606 (CBDW) Debt-to-Equity : -0.75 (As of Dec. 2023)

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What is 1606 Debt-to-Equity?

1606's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.12 Mil. 1606's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.95 Mil. 1606's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-1.42 Mil. 1606's debt to equity for the quarter that ended in Dec. 2023 was -0.75.

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 1606's Debt-to-Equity or its related term are showing as below:

CBDW' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.34 Med: -1.18 Max: -0.75
Current: -0.75

During the past 3 years, the highest Debt-to-Equity Ratio of 1606 was -0.75. The lowest was -1.34. And the median was -1.18.

CBDW's Debt-to-Equity is not ranked
in the Tobacco Products industry.
Industry Median: 0.26 vs CBDW: -0.75

1606 Debt-to-Equity Historical Data

The historical data trend for 1606'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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1606 Debt-to-Equity Chart

1606 Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Equity

-1.18

-1.34

-0.75

1606 Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial				-1.34	-1.94	-1.19	-0.73	-0.75

Competitive Comparison of 1606's Debt-to-Equity

For the Tobacco subindustry, 1606'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.

1606's Debt-to-Equity Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, 1606's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where 1606's Debt-to-Equity falls into.

1606 Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

1606's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(0.115	+	0.951)	/	-1.415
	=	-0.75

1606's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(0.115	+	0.951)	/	-1.415
	=	-0.75

1606 (OTCPK:CBDW) 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.

1606 Debt-to-Equity Related Terms

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1606 (CBDW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » 1606 Corp (OTCPK:CBDW) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

2425 E. Camelback Road, Suite 150, Phoenix, AZ, USA, 85016

Website

https://cbd.inc

1606 Corp offers nicotine-free and tobacco-free alternatives to traditional cigarettes and vaping products. Its products are manufactured with a blend of all-natural ingredients to provide smokers aged 21+ an alternative to traditional cigarettes that do not contain nicotine or tobacco and promote health benefits such as pain management, reduced anxiety, and enhance wakefulness. Smokable hemp is a Company Product That is an alternative for customers that currently smoke or want to quit smoking nicotine.