Farmmi (Farmmi) Debt-to-Equity : 0.07 (As of Sep. 2023)

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What is Farmmi Debt-to-Equity?

Farmmi's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $8.9 Mil. Farmmi's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $2.1 Mil. Farmmi's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $162.0 Mil. Farmmi's debt to equity for the quarter that ended in Sep. 2023 was 0.07.

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

FAMI' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.14 Max: 3.47
Current: 0.07

During the past 9 years, the highest Debt-to-Equity Ratio of Farmmi was 3.47. The lowest was 0.02. And the median was 0.14.

FAMI's Debt-to-Equity is ranked better than
85.72% of 1639 companies
in the Consumer Packaged Goods industry
Industry Median: 0.41 vs FAMI: 0.07

Farmmi Debt-to-Equity Historical Data

The historical data trend for Farmmi'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.

Farmmi Debt-to-Equity Chart

Farmmi Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

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0.20

0.14

0.02

0.03

0.07

Farmmi Semi-Annual Data
	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial												0.02	0.02	0.03	0.06	0.07

Competitive Comparison of Farmmi's Debt-to-Equity

For the Packaged Foods subindustry, Farmmi'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.

Farmmi's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Farmmi's Debt-to-Equity distribution charts can be found below:

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

Farmmi Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Farmmi's Debt to Equity Ratio for the fiscal year that ended in Sep. 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
	=	(8.946	+	2.111)	/	161.976
	=	0.07

Farmmi's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(8.946	+	2.111)	/	161.976
	=	0.07

Farmmi (NAS:FAMI) 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.

Farmmi Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Farmmi's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Farmmi (Farmmi) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Farmmi Inc (NAS:FAMI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

888 Tianning Street, Floor 1, Building No. 1, Liandu District, Zhejiang Province, Lishui, CHN, 323000

Website

https://www.farmmi.com

Farmmi Inc is a supplier of agricultural products. The products of the company are Shiitake Mushroom, Mu Er Mushroom and other edible fungi and other agricultural products. The majority of products are sold in mainland China.