Decibel Cannabis Co (TSXV:DB) Debt-to-Equity : 1.00 (As of Sep. 2023)

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What is Decibel Cannabis Co Debt-to-Equity?

Decibel Cannabis Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$9.8 Mil. Decibel Cannabis Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$37.6 Mil. Decibel Cannabis Co's Total Stockholders Equity for the quarter that ended in Sep. 2023 was C$47.2 Mil. Decibel Cannabis Co's debt to equity for the quarter that ended in Sep. 2023 was 1.00.

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 Decibel Cannabis Co's Debt-to-Equity or its related term are showing as below:

TSXV:DB' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.38 Med: 0.98 Max: 1.4
Current: 1

During the past 13 years, the highest Debt-to-Equity Ratio of Decibel Cannabis Co was 1.40. The lowest was -0.38. And the median was 0.98.

TSXV:DB's Debt-to-Equity is ranked worse than
84.91% of 848 companies
in the Drug Manufacturers industry
Industry Median: 0.3 vs TSXV:DB: 1.00

Decibel Cannabis Co Debt-to-Equity Historical Data

The historical data trend for Decibel Cannabis Co'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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Decibel Cannabis Co Debt-to-Equity Chart

Decibel Cannabis Co Annual Data

Trend

Jul13

Jul14

Jul15

Jul16

Jul17

Jul18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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1.02

1.29

0.98

1.03

Decibel Cannabis Co Quarterly Data
	Oct18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.97	1.03	1.05	1.04	1.00

Competitive Comparison of Decibel Cannabis Co's Debt-to-Equity

For the Drug Manufacturers - Specialty & Generic subindustry, Decibel Cannabis Co'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.

Decibel Cannabis Co's Debt-to-Equity Distribution in the Drug Manufacturers Industry

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

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

Decibel Cannabis Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Decibel Cannabis Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(9.555	+	38.839)	/	47.211
	=	1.03

Decibel Cannabis Co'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
	=	(9.798	+	37.574)	/	47.207
	=	1.00

Decibel Cannabis Co (TSXV:DB) 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.

Decibel Cannabis Co Debt-to-Equity Related Terms

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Decibel Cannabis Co (TSXV:DB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Decibel Cannabis Co Inc (TSXV:DB) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

DBCCF:USA

Address

140 - 4th Avenue SW, Suite 1440, Calgary, AB, CAN, T2P 3N3

Website

https://www.decibelcc.com

Decibel Cannabis Co Inc is engaged in the cannabis operations business. It is involved in the production, distribution, and sale of recreational cannabis. All the revenues are generated in Canada. The company's revenue is comprised of wholesale sales of both products and services through its production facilities to distributors and licensed cannabis producers as well as the direct sale of products through its retail locations to end customers.