Adastra Holdings (XCNQ:XTRX) Debt-to-Equity : 0.25 (As of Dec. 2023)

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What is Adastra Holdings Debt-to-Equity?

Adastra Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$3.50 Mil. Adastra Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.15 Mil. Adastra Holdings's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$14.69 Mil. Adastra Holdings's debt to equity for the quarter that ended in Dec. 2023 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 Adastra Holdings's Debt-to-Equity or its related term are showing as below:

XCNQ:XTRX' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.16 Med: 0.25 Max: 0.65
Current: 0.25

During the past 5 years, the highest Debt-to-Equity Ratio of Adastra Holdings was 0.65. The lowest was 0.16. And the median was 0.25.

XCNQ:XTRX's Debt-to-Equity is ranked better than
54.55% of 847 companies
in the Drug Manufacturers industry
Industry Median: 0.3 vs XCNQ:XTRX: 0.25

Adastra Holdings Debt-to-Equity Historical Data

The historical data trend for Adastra 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.

* Premium members only.

Adastra Holdings Debt-to-Equity Chart

Adastra Holdings Annual Data

Trend

Apr19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.65

0.25

0.16

0.22

0.25

Adastra Holdings Quarterly Data
	Oct18	Oct19	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													0.22	0.22	0.24	0.23	0.25

Competitive Comparison of Adastra Holdings's Debt-to-Equity

For the Drug Manufacturers - Specialty & Generic subindustry, Adastra 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.

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

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

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

Adastra Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Adastra 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
	=	(3.496	+	0.148)	/	14.685
	=	0.25

Adastra Holdings'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
	=	(3.496	+	0.148)	/	14.685
	=	0.25

Adastra Holdings (XCNQ:XTRX) 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.

Adastra Holdings Debt-to-Equity Related Terms

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Adastra Holdings (XCNQ:XTRX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Adastra Holdings Ltd (XCNQ:XTRX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

XTXXF:USA D2E:Germany

Address

275th Street, Suite 5451, Langley, BC, CAN, V4W 3X8

Website

https://www.adastraholdings.ca

Adastra Holdings Ltd is an extraction and processing solutions company. It aims to develop and deploy large-scale cannabis and hemp extraction technologies and provide turnkey processing solutions to help licensed standard and micro-cultivators maximize the value of every harvest. The company has two operating segments comprised of manufacturing and non-manufacturing operations. The manufacturing operations include the manufacturing, sale, and distribution of cannabis-related products, and the non-manufacturing operations include PerceiveMD.

Executives

Lachlan Clyde Mcleod

Senior Officer

Adastra Holdings (XCNQ:XTRX) Headlines

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