Cannabis Bioscience International Holdings (Cannabis Bioscience International Holdings) Debt-to-Equity : -0.60 (As of Nov. 2023)

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What is Cannabis Bioscience International Holdings Debt-to-Equity?

Cannabis Bioscience International Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was $0.22 Mil. Cannabis Bioscience International Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was $0.28 Mil. Cannabis Bioscience International Holdings's Total Stockholders Equity for the quarter that ended in Nov. 2023 was $-0.84 Mil. Cannabis Bioscience International Holdings's debt to equity for the quarter that ended in Nov. 2023 was -0.60.

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 Cannabis Bioscience International Holdings's Debt-to-Equity or its related term are showing as below:

CBIH' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.6 Med: -0.6 Max: -0.6
Current: -0.6

During the past 5 years, the highest Debt-to-Equity Ratio of Cannabis Bioscience International Holdings was -0.60. The lowest was -0.60. And the median was -0.60.

CBIH's Debt-to-Equity is not ranked
in the Drug Manufacturers industry.
Industry Median: 0.3 vs CBIH: -0.60

Cannabis Bioscience International Holdings Debt-to-Equity Historical Data

The historical data trend for Cannabis Bioscience International Holdings'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.

Cannabis Bioscience International Holdings Debt-to-Equity Chart

Cannabis Bioscience International Holdings Annual Data

Trend

Dec06

Dec07

May09

May10

May11

Debt-to-Equity

-0.61

0.11

0.06

Cannabis Bioscience International Holdings Semi-Annual Data
	Dec06	Jun07	Dec07	Jun08	May09	Nov09	May10	Nov10	May11	Nov11	Nov22	Nov23
Debt-to-Equity	Get a 7-Day Free Trial							0.06	0.06	0.05	N/A	-0.60

Competitive Comparison of Cannabis Bioscience International Holdings's Debt-to-Equity

For the Drug Manufacturers - Specialty & Generic subindustry, Cannabis Bioscience International Holdings'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.

Cannabis Bioscience International Holdings's Debt-to-Equity Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Cannabis Bioscience International Holdings's Debt-to-Equity falls into.

Cannabis Bioscience International Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cannabis Bioscience International Holdings's Debt to Equity Ratio for the fiscal year that ended in May. 2011 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
	=	(3.171	+	0.516)	/	62.165
	=	0.06

Cannabis Bioscience International Holdings's Debt to Equity Ratio for the quarter that ended in Nov. 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
	=	(0.222	+	0.283)	/	-0.842
	=	-0.60

Cannabis Bioscience International Holdings (OTCPK:CBIH) 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.

Cannabis Bioscience International Holdings Debt-to-Equity Related Terms

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Cannabis Bioscience International Holdings (Cannabis Bioscience International Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Cannabis Bioscience International Holdings Inc (OTCPK:CBIH) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

6201 Bonhomme Road, Suite 466S, Houston, TX, USA, 77036

Website

https://www.cbih.net

Cannabis Bioscience International Holdings Inc is engaged in providing educational systems relating to cannabis and services in therapeutic areas. of clinical trials and services relating to sleep disorders through its sleep center in Houston, Texas. The Company generates revenue from multiple streams, namely, clinical trials, consulting fees, video courses, seminars, royalties, and merchandise sales. The company generates the majority of its revenue from clinical trials.