Right On Brands (Right On Brands) Debt-to-Equity : -0.65 (As of Dec. 2023)

View and export this data going back to 2013. Start your Free Trial

What is Right On Brands Debt-to-Equity?

Right On Brands's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.52 Mil. Right On Brands's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.01 Mil. Right On Brands's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-0.81 Mil. Right On Brands's debt to equity for the quarter that ended in Dec. 2023 was -0.65.

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 Right On Brands's Debt-to-Equity or its related term are showing as below:

RTON' s Debt-to-Equity Range Over the Past 10 Years
Min: -4 Med: -0.61 Max: 1.01
Current: -0.65

During the past 11 years, the highest Debt-to-Equity Ratio of Right On Brands was 1.01. The lowest was -4.00. And the median was -0.61.

RTON's Debt-to-Equity is not ranked
in the Consumer Packaged Goods industry.
Industry Median: 0.41 vs RTON: -0.65

Right On Brands Debt-to-Equity Historical Data

The historical data trend for Right On Brands'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.

Right On Brands Debt-to-Equity Chart

Right On Brands Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

Get a 7-Day Free Trial

-0.54

-0.30

-0.59

-0.78

-0.93

Right On Brands Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															-0.89	-0.93	-0.76	-0.72	-0.65

Competitive Comparison of Right On Brands's Debt-to-Equity

For the Packaged Foods subindustry, Right On Brands'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.

Right On Brands's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

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

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

Right On Brands Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Right On Brands's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(0.463	+	0.019)	/	-0.521
	=	-0.93

Right On Brands'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
	=	(0.516	+	0.005)	/	-0.806
	=	-0.65

Right On Brands (OTCPK:RTON) 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.

Right On Brands Debt-to-Equity Related Terms

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

Right On Brands (Right On Brands) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Right On Brands Inc (OTCPK:RTON) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

6501 Dalrock Road, Suite 100, Rowlett, TX, USA, 75089

Website

https://www.rightonbrands.com

Right On Brands Inc is a Texas based consumer goods company which provides traditional, plus natural health and wellness information services through an interactive website. The company business is conducted through wholly-owned subsidiaries, Humbly Hemp, Endo Brands, and Humble Water Company. Humbly Hemp sells and markets a line of hemp enhanced snack foods. Humble Water Company is in a partnership with Springhill Water Co. to develop a line of High Alkaline, Natural Mineral Water, and a bottling and packaging facility. The company has two operating segments: ENDO Brands and Humbly Hemp. ENDO Brands develops hemp oil-infused products which are engineered to deliver optimal bioavailability and nutrients to the body and Humbly Hemp develops a line of hemp based bars and drinks.

Executives

Daniel J Crawford

director, 10 percent owner, officer: President, CEO, CFO, Director

2667 32ND STREET, SUITE B, SANTA MONICA CA 90405