American Green (American Green) Debt-to-Equity

: -1.60 (As of Jun. 2023)

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American Green's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $22.81 Mil. American Green's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was $0.47 Mil. American Green's Total Stockholders Equity for the quarter that ended in Jun. 2023 was $-14.60 Mil. American Green's debt to equity for the quarter that ended in Jun. 2023 was -1.60.

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 American Green's Debt-to-Equity or its related term are showing as below:

ERBB' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.6 Med: -1.6 Max: -1.6
Current: -1.6

During the past 2 years, the highest Debt-to-Equity Ratio of American Green was -1.60. The lowest was -1.60. And the median was -1.60.

ERBB's Debt-to-Equity is not ranked
in the Drug Manufacturers industry.
Industry Median: 0.29 vs ERBB: -1.60

American Green Debt-to-Equity Historical Data

The historical data trend for American Green'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.

American Green Annual Data

Trend

Jun22

Jun23

Debt-to-Equity

N/A

-1.60

American Green Semi-Annual Data
	Jun22	Jun23
Debt-to-Equity	N/A	-1.60

Competitive Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, American Green'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.

American Green Debt-to-Equity Distribution

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

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

American Green Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

American Green's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(22.812	+	0.472)	/	-14.595
	=	-1.60

American Green's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(22.812	+	0.472)	/	-14.595
	=	-1.60

American Green (OTCPK:ERBB) 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.

American Green Debt-to-Equity Related Terms

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American Green (American Green) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » American Green Inc (OTCPK:ERBB) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

30 N Gould Street, Suite R, Sheridan, WY, USA, 82801

Website

https://www.americangreen.com

American Green Inc is a technology company in the medical cannabis industry. It is involved in the business of developing a cultivation facility in Phoenix Arizona for medical marijuana and also owns proprietary dispensing machines and all rights to a line of health supplements.