The Good Shroom Co (The Good Shroom Co) Debt-to-Equity : 0.11 (As of Jan. 2024)

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What is The Good Shroom Co Debt-to-Equity?

The Good Shroom Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $0.04 Mil. The Good Shroom Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was $0.01 Mil. The Good Shroom Co's Total Stockholders Equity for the quarter that ended in Jan. 2024 was $0.46 Mil. The Good Shroom Co's debt to equity for the quarter that ended in Jan. 2024 was 0.11.

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 The Good Shroom Co's Debt-to-Equity or its related term are showing as below:

TGSHF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.11 Med: 0.16 Max: 0.33
Current: 0.11

During the past 3 years, the highest Debt-to-Equity Ratio of The Good Shroom Co was 0.33. The lowest was 0.11. And the median was 0.16.

TGSHF's Debt-to-Equity is ranked better than
69.66% of 89 companies
in the Beverages - Non-Alcoholic industry
Industry Median: 0.29 vs TGSHF: 0.11

The Good Shroom Co Debt-to-Equity Historical Data

The historical data trend for The Good Shroom Co'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.

The Good Shroom Co Debt-to-Equity Chart

The Good Shroom Co Annual Data

Trend

Jul21

Jul22

Jul23

Debt-to-Equity

0.14

0.27

0.16

The Good Shroom Co Quarterly Data
	Mar20	Mar21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Debt-to-Equity	Get a 7-Day Free Trial								0.14	0.12	0.16	0.13	0.11

Competitive Comparison of The Good Shroom Co's Debt-to-Equity

For the Beverages - Non-Alcoholic subindustry, The Good Shroom Co'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.

The Good Shroom Co's Debt-to-Equity Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, The Good Shroom Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where The Good Shroom Co's Debt-to-Equity falls into.

The Good Shroom Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

The Good Shroom Co'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
	=	(0.041	+	0.015)	/	0.347
	=	0.16

The Good Shroom Co'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
	=	(0.04	+	0.009)	/	0.457
	=	0.11

The Good Shroom Co (OTCPK:TGSHF) 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.

The Good Shroom Co Debt-to-Equity Related Terms

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The Good Shroom Co (The Good Shroom Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » The Good Shroom Co Inc (OTCPK:TGSHF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

MUSH:Canada

Address

324 Marie-Curie, Vaudreuil, QC, CAN, J7V 5V5

Website

https://www.thegoodshroom.co

The Good Shroom Co Inc operates a portfolio of brands that include traditional cannabis and beverage products. The company exists to promote the use of mushrooms through its brands; The Teo Nan brand is a functional mushroom beverage range serving the American and Canadian wellness market via DTC and retail; The Nordique Royale is a premium quality hash; and The Velada brand is a range of CBD-infused functional mushroom beverages serving the Canadian legal cannabis market.

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