SLANG Worldwide (XCNQ:SLNG) Debt-to-Equity : -6.82 (As of Dec. 2023)

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What is SLANG Worldwide Debt-to-Equity?

SLANG Worldwide's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$22.23 Mil. SLANG Worldwide's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$7.63 Mil. SLANG Worldwide's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$-4.38 Mil. SLANG Worldwide's debt to equity for the quarter that ended in Dec. 2023 was -6.82.

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 SLANG Worldwide's Debt-to-Equity or its related term are showing as below:

XCNQ:SLNG' s Debt-to-Equity Range Over the Past 10 Years
Min: -6.82 Med: 0.09 Max: 1.68
Current: -6.82

During the past 7 years, the highest Debt-to-Equity Ratio of SLANG Worldwide was 1.68. The lowest was -6.82. And the median was 0.09.

XCNQ:SLNG's Debt-to-Equity is not ranked
in the Drug Manufacturers industry.
Industry Median: 0.295 vs XCNQ:SLNG: -6.82

SLANG Worldwide Debt-to-Equity Historical Data

The historical data trend for SLANG Worldwide'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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SLANG Worldwide Debt-to-Equity Chart

SLANG Worldwide Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.08

0.09

0.37

1.68

-6.82

SLANG Worldwide 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															1.68	1.78	2.60	5.45	-6.82

Competitive Comparison of SLANG Worldwide's Debt-to-Equity

For the Drug Manufacturers - Specialty & Generic subindustry, SLANG Worldwide'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.

SLANG Worldwide's Debt-to-Equity Distribution in the Drug Manufacturers Industry

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

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

SLANG Worldwide Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

SLANG Worldwide'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
	=	(22.234	+	7.633)	/	-4.38
	=	-6.82

SLANG Worldwide'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
	=	(22.234	+	7.633)	/	-4.38
	=	-6.82

SLANG Worldwide (XCNQ:SLNG) 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.

SLANG Worldwide Debt-to-Equity Related Terms

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

SLANG Worldwide (XCNQ:SLNG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » SLANG Worldwide Inc (XCNQ:SLNG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SLGWF:USA

Address

50 Carroll Street, Toronto, ON, CAN, M4M 3G3

Website

https://www.slangww.com

SLANG Worldwide Inc is a cannabis-focused consumer packaged goods company. It is focused on acquiring and developing regional brands, as well as creating new brands to meet the needs of cannabis consumers. It operates in two reportable segments Core Markets, and Emerging Markets, and the majority of its revenue comes from the Core Market. Geographically it operates in Canada and the U.S. It derives the majority of its revenue from the U.S. Its brand portfolio involves, Firefly, O.pen, and Alchemy Naturals.

Executives

Christopher Lee Driessen

Director, Senior Officer