1933 Industries (XCNQ:TGIF) Debt-to-Equity : -5.67 (As of Jan. 2024)

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What is 1933 Industries Debt-to-Equity?

1933 Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$0.59 Mil. 1933 Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$15.92 Mil. 1933 Industries's Total Stockholders Equity for the quarter that ended in Jan. 2024 was C$-2.91 Mil. 1933 Industries's debt to equity for the quarter that ended in Jan. 2024 was -5.67.

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 1933 Industries's Debt-to-Equity or its related term are showing as below:

XCNQ:TGIF' s Debt-to-Equity Range Over the Past 10 Years
Min: -5.67 Med: 0.62 Max: 3.53
Current: -5.67

During the past 13 years, the highest Debt-to-Equity Ratio of 1933 Industries was 3.53. The lowest was -5.67. And the median was 0.62.

XCNQ:TGIF's Debt-to-Equity is not ranked
in the Drug Manufacturers industry.
Industry Median: 0.29 vs XCNQ:TGIF: -5.67

1933 Industries Debt-to-Equity Historical Data

The historical data trend for 1933 Industries'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.

1933 Industries Debt-to-Equity Chart

1933 Industries Annual Data

Trend

Dec14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Debt-to-Equity

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0.61

1.26

0.69

2.08

-4.76

1933 Industries Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Debt-to-Equity	Get a 7-Day Free Trial															2.30	3.53	-4.76	-4.76	-5.67

Competitive Comparison of 1933 Industries's Debt-to-Equity

For the Drug Manufacturers - Specialty & Generic subindustry, 1933 Industries'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.

1933 Industries's Debt-to-Equity Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, 1933 Industries's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where 1933 Industries's Debt-to-Equity falls into.

1933 Industries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

1933 Industries's Debt to Equity Ratio for the fiscal year that ended in Jul. 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
	=	(4.996	+	12.575)	/	-3.693
	=	-4.76

1933 Industries's Debt to Equity Ratio for the quarter that ended in Jan. 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
	=	(0.587	+	15.922)	/	-2.91
	=	-5.67

1933 Industries (XCNQ:TGIF) 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.

1933 Industries Debt-to-Equity Related Terms

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1933 Industries (XCNQ:TGIF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » 1933 Industries Inc (XCNQ:TGIF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

TGIFF:USA

Address

1055 West Hastings Street, Suite 300, Vancouver, BC, CAN, V6E 2E9

Website

https://www.1933industries.com

1933 Industries Inc is a vertically integrated cannabis company. The company is focused on the cultivation and manufacturing of cannabis consumer-branded goods. The Company operates in three segments, referred to as AMA, Infused MFG, and Corporate. AMA is focused on the cultivation and sale of medical and adult-use cannabis products, and Infused MFG is focused on the manufacturing of hemp-derived CBD products. The majority of revenue is generated from the AMA segment. The operations of AMA and Infused MFG are located in the United States. All revenues are earned in the United States.