Green Scientific Labs Holdings (XCNQ:GSL) Debt-to-Equity : -2.04 (As of Mar. 2023)

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What is Green Scientific Labs Holdings Debt-to-Equity?

Green Scientific Labs Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was C$0.65 Mil. Green Scientific Labs Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2023 was C$2.27 Mil. Green Scientific Labs Holdings's Total Stockholders Equity for the quarter that ended in Mar. 2023 was C$-1.43 Mil. Green Scientific Labs Holdings's debt to equity for the quarter that ended in Mar. 2023 was -2.04.

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

XCNQ:GSL's Debt-to-Equity is not ranked ^*
in the Drug Manufacturers industry.
Industry Median: 0.3
* Ranked among companies with meaningful Debt-to-Equity only.

Green Scientific Labs Holdings Debt-to-Equity Historical Data

The historical data trend for Green Scientific Labs Holdings'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.

Green Scientific Labs Holdings Debt-to-Equity Chart

Green Scientific Labs Holdings Annual Data

Trend

Apr20

Apr21

Dec22

Debt-to-Equity

-8.48

Green Scientific Labs Holdings Quarterly Data
	Jan20	Apr20	Jul20	Jan21	Apr21	Jul21	Oct21	Mar22	Jun22	Sep22	Dec22	Mar23
Debt-to-Equity	Get a 7-Day Free Trial							0.79	1.03	1.47	-8.48	-2.04

Competitive Comparison of Green Scientific Labs Holdings's Debt-to-Equity

For the Drug Manufacturers - Specialty & Generic subindustry, Green Scientific Labs Holdings'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.

Green Scientific Labs Holdings's Debt-to-Equity Distribution in the Drug Manufacturers Industry

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

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

Green Scientific Labs Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Green Scientific Labs Holdings's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(0.52	+	2.381)	/	-0.342
	=	-8.48

Green Scientific Labs Holdings's Debt to Equity Ratio for the quarter 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
	=	(0.65	+	2.27)	/	-1.434
	=	-2.04

Green Scientific Labs Holdings (XCNQ:GSL) 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.

Green Scientific Labs Holdings Debt-to-Equity Related Terms

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Green Scientific Labs Holdings (XCNQ:GSL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Green Scientific Labs Holdings Inc (XCNQ:GSL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

4001 SW 47th Avenue, Suite 208, Davie, FL, USA, 33314

Website

https://www.greenscientificlabs.com

Green Scientific Labs Holdings Inc is a cannabis and hemp testing laboratory that operates a Certified Marijuana Testing Laboratory licensed testing lab facility. The Company provides analytical testing services including tests for cannabinoid content (potency), terpene content, water activity, moisture content, pesticides, residual solvents, heavy metals, filth and foreign material, and microbiological contaminants for state-licensed cannabis and hemp growers, product formulators, processors, distributors, and retailers. The Company operates in the Geographical regions of Florida and Arizona in the United States.