Global Food and Ingredients (TSXV:PEAS.H) Debt-to-Equity : 3.53 (As of Dec. 2023)

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What is Global Food and Ingredients Debt-to-Equity?

Global Food and Ingredients's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$18.9 Mil. Global Food and Ingredients's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$14.4 Mil. Global Food and Ingredients's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$9.4 Mil. Global Food and Ingredients's debt to equity for the quarter that ended in Dec. 2023 was 3.53.

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 Global Food and Ingredients's Debt-to-Equity or its related term are showing as below:

TSXV:PEAS.H' s Debt-to-Equity Range Over the Past 10 Years
Min: -86.55 Med: 2.65 Max: 7.76
Current: 3.53

During the past 4 years, the highest Debt-to-Equity Ratio of Global Food and Ingredients was 7.76. The lowest was -86.55. And the median was 2.65.

TSXV:PEAS.H's Debt-to-Equity is ranked worse than
96.59% of 1644 companies
in the Consumer Packaged Goods industry
Industry Median: 0.41 vs TSXV:PEAS.H: 3.53

Global Food and Ingredients Debt-to-Equity Historical Data

The historical data trend for Global Food and Ingredients'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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Global Food and Ingredients Debt-to-Equity Chart

Global Food and Ingredients Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

4.85

7.46

7.76

2.38

Global Food and Ingredients Quarterly Data
	Mar20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial									2.08	2.38	2.65	3.47	3.53

Competitive Comparison of Global Food and Ingredients's Debt-to-Equity

For the Farm Products subindustry, Global Food and Ingredients'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.

Global Food and Ingredients's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Global Food and Ingredients's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Global Food and Ingredients's Debt-to-Equity falls into.

Global Food and Ingredients Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Global Food and Ingredients's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(18.454	+	15.613)	/	14.299
	=	2.38

Global Food and Ingredients'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
	=	(18.936	+	14.407)	/	9.439
	=	3.53

Global Food and Ingredients (TSXV:PEAS.H) 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.

Global Food and Ingredients Debt-to-Equity Related Terms

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Global Food and Ingredients (TSXV:PEAS.H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Global Food and Ingredients Inc (TSXV:PEAS.H) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

PEASF:USA

Address

43 Colborne Street, Suite 400, Toronto, ON, CAN, M5E 1E3

Website

https://www.gfiglobalfood.com

Global Food and Ingredients Inc is a plant-based food and ingredients company, focused on pulses and specialty crops chain for peas, beans, lentils, chickpeas and other high protein specialty crops. The Company supplies premium plant-based high protein ingredients to customers around the world and distributes truckload and less-than truckload of bagged product directly to food processing companies, foodservice companies and institutional buyers (educational institutions, healthcare facilities, correctional facilities, etc.) in North America.

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