Global Health Clinics (XCNQ:MJRX) Debt-to-Equity : -0.45 (As of Jan. 2024)

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What is Global Health Clinics Debt-to-Equity?

Global Health Clinics's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$0.88 Mil. Global Health Clinics's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$0.33 Mil. Global Health Clinics's Total Stockholders Equity for the quarter that ended in Jan. 2024 was C$-2.68 Mil. Global Health Clinics's debt to equity for the quarter that ended in Jan. 2024 was -0.45.

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 Health Clinics's Debt-to-Equity or its related term are showing as below:

XCNQ:MJRX' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.58 Med: -0.09 Max: 13.5
Current: -0.45

During the past 11 years, the highest Debt-to-Equity Ratio of Global Health Clinics was 13.50. The lowest was -0.58. And the median was -0.09.

XCNQ:MJRX's Debt-to-Equity is not ranked
in the Drug Manufacturers industry.
Industry Median: 0.29 vs XCNQ:MJRX: -0.45

Global Health Clinics Debt-to-Equity Historical Data

The historical data trend for Global Health Clinics'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.

Global Health Clinics Debt-to-Equity Chart

Global Health Clinics Annual Data

Trend

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Debt-to-Equity

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0.09

13.50

-0.07

-0.58

-0.50

Global Health Clinics 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															-0.35	-0.42	-0.50	-0.47	-0.45

Competitive Comparison of Global Health Clinics's Debt-to-Equity

For the Drug Manufacturers - Specialty & Generic subindustry, Global Health Clinics'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 Health Clinics's Debt-to-Equity Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Global Health Clinics's Debt-to-Equity falls into.

Global Health Clinics Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Global Health Clinics'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
	=	(0.792	+	0.31)	/	-2.185
	=	-0.50

Global Health Clinics'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
	=	(0.883	+	0.327)	/	-2.682
	=	-0.45

Global Health Clinics (XCNQ:MJRX) 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 Health Clinics Debt-to-Equity Related Terms

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Global Health Clinics (XCNQ:MJRX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Global Health Clinics Ltd (XCNQ:MJRX) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

L00:Germany

Address

837 West Hastings Street, Suite 400, Vancouver, BC, CAN, V6C 3N6

Website

https://www.globalhealthltd.ca

Global Health Clinics Ltd engages in the cannabis industry and operates medical clinics which guide patients through the process of becoming legal users of marijuana and also engages in developing psilocybin products for research and their potential usage for pharmaceutical purposes. The Company operates in two operating segments the operating of medical clinics to guide patients to become legal users of marijuana and the development of psilocybin products for research and potential usage for pharmaceutical purposes. The Company derives its key revenue from Medical Clinics for legal user of Marijuana.

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