Maple Leaf Green World (XCNQ:MGW) Debt-to-Equity : -0.25 (As of Sep. 2023)

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What is Maple Leaf Green World Debt-to-Equity?

Maple Leaf Green World's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$2.42 Mil. Maple Leaf Green World's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$0.06 Mil. Maple Leaf Green World's Total Stockholders Equity for the quarter that ended in Sep. 2023 was C$-9.82 Mil. Maple Leaf Green World's debt to equity for the quarter that ended in Sep. 2023 was -0.25.

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 Maple Leaf Green World's Debt-to-Equity or its related term are showing as below:

XCNQ:MGW' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.05 Med: 0.02 Max: 1.12
Current: -0.25

During the past 13 years, the highest Debt-to-Equity Ratio of Maple Leaf Green World was 1.12. The lowest was -1.05. And the median was 0.02.

XCNQ:MGW's Debt-to-Equity is not ranked
in the Drug Manufacturers industry.
Industry Median: 0.3 vs XCNQ:MGW: -0.25

Maple Leaf Green World Debt-to-Equity Historical Data

The historical data trend for Maple Leaf Green World'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.

Maple Leaf Green World Debt-to-Equity Chart

Maple Leaf Green World Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.23

0.42

-0.20

-0.23

-0.26

Maple Leaf Green World Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															-0.29	-0.26	-0.25	-0.25	-0.25

Competitive Comparison of Maple Leaf Green World's Debt-to-Equity

For the Drug Manufacturers - Specialty & Generic subindustry, Maple Leaf Green World'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.

Maple Leaf Green World's Debt-to-Equity Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Maple Leaf Green World's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Maple Leaf Green World's Debt-to-Equity falls into.

Maple Leaf Green World Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Maple Leaf Green World'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
	=	(2.199	+	0.057)	/	-8.832
	=	-0.26

Maple Leaf Green World's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(2.418	+	0.064)	/	-9.815
	=	-0.25

Maple Leaf Green World (XCNQ:MGW) 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.

Maple Leaf Green World Debt-to-Equity Related Terms

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Maple Leaf Green World (XCNQ:MGW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Maple Leaf Green World Inc (XCNQ:MGW) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

MGWFF:USA 4HV0:Germany

Address

1222 - 11th Avenue SW, Suite 203, Calgary, AB, CAN, T3C 0M4

Website

https://www.mlgreenworld.com

Maple Leaf Green World Inc is focused on the health and wellness industry in North America and China. It has a hemp project in Southern California and an essential oil project in China. With over 10 years of extensive greenhouse management experience, the company applies its eco-agriculture knowledge and cultivation technology to produce contaminant-free hemp products. Maple Leaf's long-term objective is to produce hemp and essential oils for North America and international markets.

Executives

Terence Keung Cheung Lam

Director, Senior Officer

Maple Leaf Green World (XCNQ:MGW) Headlines

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