IM Cannabis (XCNQ:IMCC) Debt-to-Equity : 1.42 (As of Mar. 2024)

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What is IM Cannabis Debt-to-Equity?

IM Cannabis's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$12.40 Mil. IM Cannabis's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$1.15 Mil. IM Cannabis's Total Stockholders Equity for the quarter that ended in Mar. 2024 was C$9.52 Mil. IM Cannabis's debt to equity for the quarter that ended in Mar. 2024 was 1.42.

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

XCNQ:IMCC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.07 Max: 1.42
Current: 1.42

During the past 13 years, the highest Debt-to-Equity Ratio of IM Cannabis was 1.42. The lowest was 0.00. And the median was 0.07.

XCNQ:IMCC's Debt-to-Equity is ranked worse than
91.6% of 845 companies
in the Drug Manufacturers industry
Industry Median: 0.3 vs XCNQ:IMCC: 1.42

IM Cannabis Debt-to-Equity Historical Data

The historical data trend for IM Cannabis'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.

IM Cannabis Debt-to-Equity Chart

IM Cannabis Annual Data

Trend

Apr13

Apr14

Apr16

Apr17

Apr18

Apr19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.09

0.15

0.51

0.95

IM Cannabis Quarterly Data
	Apr19	Jul19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.42	0.64	0.61	0.95	1.42

Competitive Comparison of IM Cannabis's Debt-to-Equity

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

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

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

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

IM Cannabis Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

IM Cannabis'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
	=	(12.573	+	1.209)	/	14.469
	=	0.95

IM Cannabis's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(12.402	+	1.145)	/	9.519
	=	1.42

IM Cannabis (XCNQ:IMCC) 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.

IM Cannabis Debt-to-Equity Related Terms

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IM Cannabis (XCNQ:IMCC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » IM Cannabis Corp (XCNQ:IMCC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

IMCC:USA

Address

Central District, Kibbutz Glil Yam, ISR, 4690500

Website

https://www.imcannabis.com

IM Cannabis Corp is a Canada-based international medical cannabis company. It offers government-licensed cannabis products, from generic to GMP-certified and pharmaceutical-grade, for both wholesale and retail clients. The majority of its revenues are generated from sales of medical cannabis products to customers in Israel and recreational cannabis in Canada. The remaining revenues are generated from sales of medical cannabis, as well as other products, to customers in Germany. Geographically, the majority is from Israel.

Executives

Rafael Gabay

10% Security Holder