Planet 13 Holdings (XCNQ:PLTH) Debt-to-Equity : 0.25 (As of Mar. 2024)

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What is Planet 13 Holdings Debt-to-Equity?

Planet 13 Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$2.3 Mil. Planet 13 Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$34.9 Mil. Planet 13 Holdings's Total Stockholders Equity for the quarter that ended in Mar. 2024 was C$151.3 Mil. Planet 13 Holdings's debt to equity for the quarter that ended in Mar. 2024 was 0.25.

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 Planet 13 Holdings's Debt-to-Equity or its related term are showing as below:

XCNQ:PLTH' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.31 Med: 0.14 Max: 0.31
Current: 0.25

During the past 8 years, the highest Debt-to-Equity Ratio of Planet 13 Holdings was 0.31. The lowest was -0.31. And the median was 0.14.

XCNQ:PLTH's Debt-to-Equity is ranked better than
54.05% of 851 companies
in the Drug Manufacturers industry
Industry Median: 0.29 vs XCNQ:PLTH: 0.25

Planet 13 Holdings Debt-to-Equity Historical Data

The historical data trend for Planet 13 Holdings'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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Planet 13 Holdings Debt-to-Equity Chart

Planet 13 Holdings Annual Data

Trend

Jun16

Jun17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.28

0.22

0.14

0.15

0.25

Planet 13 Holdings Quarterly Data
	Jun19	Sep19	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															0.15	0.16	0.21	0.25	0.25

Competitive Comparison of Planet 13 Holdings's Debt-to-Equity

For the Drug Manufacturers - Specialty & Generic subindustry, Planet 13 Holdings'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.

Planet 13 Holdings's Debt-to-Equity Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Planet 13 Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Planet 13 Holdings's Debt-to-Equity falls into.

Planet 13 Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Planet 13 Holdings'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
	=	(2.092	+	33.905)	/	144.411
	=	0.25

Planet 13 Holdings'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
	=	(2.251	+	34.924)	/	151.25
	=	0.25

Planet 13 Holdings (XCNQ:PLTH) 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.

Planet 13 Holdings Debt-to-Equity Related Terms

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Planet 13 Holdings (XCNQ:PLTH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Planet 13 Holdings Inc (XCNQ:PLTH) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

PLNH:USA

Address

2548 West Desert Inn Road, Las Vegas, NV, USA, 89109

Website

https://www.planet13holdings.com

Planet 13 Holdings Inc operates as an integrated cannabis company based in Nevada, with cultivation, production, and dispensary operations in Las Vegas. The company is focused on providing an unparalleled dispensary experience and optimizing cultivation efficiencies through its technology as the vanguard of cannabis.

Executives

Christopher Brian Wren

Senior Officer

Planet 13 Holdings (XCNQ:PLTH) Headlines

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