Promino Nutritional Sciences (XCNQ:MUSL) Debt-to-Equity : -0.33 (As of Dec. 2023)

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What is Promino Nutritional Sciences Debt-to-Equity?

Promino Nutritional Sciences's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$1.15 Mil. Promino Nutritional Sciences's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$1.66 Mil. Promino Nutritional Sciences's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$-8.47 Mil. Promino Nutritional Sciences's debt to equity for the quarter that ended in Dec. 2023 was -0.33.

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 Promino Nutritional Sciences's Debt-to-Equity or its related term are showing as below:

XCNQ:MUSL' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.55 Med: -0.32 Max: 0.55
Current: -0.33

During the past 4 years, the highest Debt-to-Equity Ratio of Promino Nutritional Sciences was 0.55. The lowest was -0.55. And the median was -0.32.

XCNQ:MUSL's Debt-to-Equity is not ranked
in the Consumer Packaged Goods industry.
Industry Median: 0.4 vs XCNQ:MUSL: -0.33

Promino Nutritional Sciences Debt-to-Equity Historical Data

The historical data trend for Promino Nutritional Sciences'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.

Promino Nutritional Sciences Debt-to-Equity Chart

Promino Nutritional Sciences Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

-0.55

0.55

-0.30

-0.33

Promino Nutritional Sciences Quarterly Data
	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											-0.30	-0.27	-0.46	-0.44	-0.33

Competitive Comparison of Promino Nutritional Sciences's Debt-to-Equity

For the Packaged Foods subindustry, Promino Nutritional Sciences'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.

Promino Nutritional Sciences's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

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

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

Promino Nutritional Sciences Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Promino Nutritional Sciences'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
	=	(1.145	+	1.655)	/	-8.469
	=	-0.33

Promino Nutritional Sciences'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
	=	(1.145	+	1.655)	/	-8.469
	=	-0.33

Promino Nutritional Sciences (XCNQ:MUSL) 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.

Promino Nutritional Sciences Debt-to-Equity Related Terms

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Promino Nutritional Sciences (XCNQ:MUSL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Promino Nutritional Sciences Inc (XCNQ:MUSL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

ELNSF:USA 93X:Germany

Address

1100 Walkers Line, Suite 401, Burlington, ON, CAN, L7N 2G3

Website

https://www.elmtinc.com

Element Nutritional Sciences Inc is engaged in developing science-based nutritional products for the aging demographic 45 and over. Its products are widely available, scientifically formulated, and clinically proven to help rebuild, restore and rejuvenate muscle.

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