Nextleaf Solutions (XCNQ:OILS) Debt-to-Equity : 0.09 (As of Mar. 2024)

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What is Nextleaf Solutions Debt-to-Equity?

Nextleaf Solutions's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.07 Mil. Nextleaf Solutions's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.35 Mil. Nextleaf Solutions's Total Stockholders Equity for the quarter that ended in Mar. 2024 was C$4.47 Mil. Nextleaf Solutions's debt to equity for the quarter that ended in Mar. 2024 was 0.09.

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 Nextleaf Solutions's Debt-to-Equity or its related term are showing as below:

XCNQ:OILS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.19 Max: 0.95
Current: 0.09

During the past 7 years, the highest Debt-to-Equity Ratio of Nextleaf Solutions was 0.95. The lowest was 0.02. And the median was 0.19.

XCNQ:OILS's Debt-to-Equity is ranked better than
73.82% of 844 companies
in the Drug Manufacturers industry
Industry Median: 0.3 vs XCNQ:OILS: 0.09

Nextleaf Solutions Debt-to-Equity Historical Data

The historical data trend for Nextleaf Solutions'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.

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Nextleaf Solutions Debt-to-Equity Chart

Nextleaf Solutions Annual Data

Trend

Mar17

Mar18

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

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0.06

0.95

0.45

0.12

Nextleaf Solutions Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.52	0.19	0.12	0.11	0.09

Competitive Comparison of Nextleaf Solutions's Debt-to-Equity

For the Drug Manufacturers - Specialty & Generic subindustry, Nextleaf Solutions'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.

Nextleaf Solutions's Debt-to-Equity Distribution in the Drug Manufacturers Industry

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

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

Nextleaf Solutions Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nextleaf Solutions's Debt to Equity Ratio for the fiscal year 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
	=	(0.105	+	0.385)	/	4.134
	=	0.12

Nextleaf Solutions's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(0.071	+	0.347)	/	4.469
	=	0.09

Nextleaf Solutions (XCNQ:OILS) 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.

Nextleaf Solutions Debt-to-Equity Related Terms

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Nextleaf Solutions (XCNQ:OILS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Nextleaf Solutions Ltd (XCNQ:OILS) » Definitions » Debt-to-Equity

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OILFF:USA

Address

68 Water Street, Suite 304, Vancouver, BC, CAN, V6B 1A4

Website

https://www.nextleafsolutions.com

Nextleaf Solutions Ltd is is a Canadian cannabis extractor and processor, with a focus on developing intellectual property for the extraction, distillation formulation, and delivery of cannabinoids. The Company has a single reportable segment being the provision of goods and services to the cannabis industry in Canada. All the Company's revenues are generated in Canada. Revenue from sale of goods and services includes sales of bulk distillate, branded (Glacial Gold) vape pens, oils, and softgels (branded extract products), and private label which includes toll processing and other services. Majority being from Branded extract products.

Executives

Emma Jane Andrews

Senior Officer

Nextleaf Solutions (XCNQ:OILS) Headlines

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