Koios Beverage (XCNQ:FIT) Debt-to-Equity : -0.93 (As of Nov. 2023)

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What is Koios Beverage Debt-to-Equity?

Koios Beverage's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was C$0.48 Mil. Koios Beverage's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was C$0.84 Mil. Koios Beverage's Total Stockholders Equity for the quarter that ended in Nov. 2023 was C$-1.43 Mil. Koios Beverage's debt to equity for the quarter that ended in Nov. 2023 was -0.93.

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 Koios Beverage's Debt-to-Equity or its related term are showing as below:

XCNQ:FIT' s Debt-to-Equity Range Over the Past 10 Years
Min: -4.78 Med: -0.02 Max: 7.52
Current: -0.93

During the past 13 years, the highest Debt-to-Equity Ratio of Koios Beverage was 7.52. The lowest was -4.78. And the median was -0.02.

XCNQ:FIT's Debt-to-Equity is not ranked
in the Consumer Packaged Goods industry.
Industry Median: 0.4 vs XCNQ:FIT: -0.93

Koios Beverage Debt-to-Equity Historical Data

The historical data trend for Koios Beverage'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.

Koios Beverage Debt-to-Equity Chart

Koios Beverage Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Debt-to-Equity

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0.05

0.27

3.19

0.19

7.52

Koios Beverage Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Debt-to-Equity	Get a 7-Day Free Trial															-3.92	-3.23	7.52	-0.95	-0.93

Competitive Comparison of Koios Beverage's Debt-to-Equity

For the Packaged Foods subindustry, Koios Beverage'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.

Koios Beverage's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

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

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

Koios Beverage Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Koios Beverage's Debt to Equity Ratio for the fiscal year that ended in May. 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
	=	(0.408	+	0.856)	/	0.168
	=	7.52

Koios Beverage's Debt to Equity Ratio for the quarter that ended in Nov. 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
	=	(0.481	+	0.844)	/	-1.428
	=	-0.93

Koios Beverage (XCNQ:FIT) 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.

Koios Beverage Debt-to-Equity Related Terms

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Koios Beverage (XCNQ:FIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Koios Beverage Corp (XCNQ:FIT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

FITSF:USA

Address

1890 – 1075 West Georgia Street, Suite 810, Vancouver, BC, CAN, V6E 3C9

Website

https://www.koiosbeveragecorp.com

Koios Beverage Corp is a beverage company, which is engaged in the business of producing nutritional beverage drinks using a proprietary blend of nootropics and natural organic compounds. The products of the company includes, sparkling brain energy drink, fit soda, merch, hat, iphone cases and others.

Executives

Gina Marie Burrus

Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)