Body and Mind (XCNQ:BAMM) Debt-to-Equity : -1.14 (As of Jan. 2024)

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What is Body and Mind Debt-to-Equity?

Body and Mind's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$1.84 Mil. Body and Mind's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$14.84 Mil. Body and Mind's Total Stockholders Equity for the quarter that ended in Jan. 2024 was C$-14.59 Mil. Body and Mind's debt to equity for the quarter that ended in Jan. 2024 was -1.14.

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 Body and Mind's Debt-to-Equity or its related term are showing as below:

XCNQ:BAMM' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.94 Med: 0.07 Max: 26.97
Current: -1.14

During the past 13 years, the highest Debt-to-Equity Ratio of Body and Mind was 26.97. The lowest was -1.94. And the median was 0.07.

XCNQ:BAMM's Debt-to-Equity is not ranked
in the Drug Manufacturers industry.
Industry Median: 0.29 vs XCNQ:BAMM: -1.14

Body and Mind Debt-to-Equity Historical Data

The historical data trend for Body and Mind'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.

Body and Mind Debt-to-Equity Chart

Body and Mind Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Debt-to-Equity

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0.08

0.23

1.32

-1.94

Body and Mind 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															4.38	26.97	-1.94	-1.31	-1.14

Competitive Comparison of Body and Mind's Debt-to-Equity

For the Drug Manufacturers - Specialty & Generic subindustry, Body and Mind'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.

Body and Mind's Debt-to-Equity Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Body and Mind's Debt-to-Equity falls into.

Body and Mind Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Body and Mind'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
	=	(2.346	+	23.937)	/	-13.574
	=	-1.94

Body and Mind'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
	=	(1.836	+	14.839)	/	-14.591
	=	-1.14

Body and Mind (XCNQ:BAMM) 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.

Body and Mind Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Body and Mind's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Body and Mind (XCNQ:BAMM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Body and Mind Inc (XCNQ:BAMM) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

BMMJ:USA

Address

750-1095 West Pender Street, Vancouver, BC, CAN, V6E 2M6

Website

https://www.bodyandmind.com

Body and Mind Inc is a multi-state cannabis operator, which has retail, distribution, cultivation, and/or processing operations in Nevada, California, Arkansas, Ohio and Illinois. It has developed the marquis lifestyle Body and Mind brand in Nevada with penetration into dispensaries and has expanded its brand and products to dispensaries in California. The Body and Mind brand appeals to a wide range of cannabis consumers with products including flowers, oils, extracts (wax, live resin, ambrosia), and edibles. The Company Operates in Three segments; Wholesale, Retail, and All others. The Majority of revenue is derived from the Retail segment.

Body and Mind (XCNQ:BAMM) Headlines

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