Cannibble Food Tech (XCNQ:PLCN) Debt-to-Equity : 0.00 (As of Dec. 2023)

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What is Cannibble Food Tech Debt-to-Equity?

Cannibble Food Tech's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil. Cannibble Food Tech's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil. Cannibble Food Tech's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$-3.18 Mil. Cannibble Food Tech's debt to equity for the quarter that ended in Dec. 2023 was 0.00.

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 Cannibble Food Tech's Debt-to-Equity or its related term are showing as below:

XCNQ:PLCN' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.76 Med: -0.76 Max: -0.76
Current: -0.16

During the past 4 years, the highest Debt-to-Equity Ratio of Cannibble Food Tech was -0.76. The lowest was -0.76. And the median was -0.76.

XCNQ:PLCN's Debt-to-Equity is not ranked
in the Drug Manufacturers industry.
Industry Median: 0.29 vs XCNQ:PLCN: -0.16

Cannibble Food Tech Debt-to-Equity Historical Data

The historical data trend for Cannibble Food Tech'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.

Cannibble Food Tech Debt-to-Equity Chart

Cannibble Food Tech Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

-0.76

Cannibble Food Tech Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial								-	-	-0.06	-0.13	-

Competitive Comparison of Cannibble Food Tech's Debt-to-Equity

For the Drug Manufacturers - Specialty & Generic subindustry, Cannibble Food Tech'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.

Cannibble Food Tech's Debt-to-Equity Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Cannibble Food Tech's Debt-to-Equity falls into.

Cannibble Food Tech Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cannibble Food Tech's Debt to Equity Ratio for the fiscal year that ended in Dec. 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	+	0)	/	-3.176
	=	0.00

Cannibble Food Tech's Debt to Equity Ratio for the quarter that ended in Dec. 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	+	0)	/	-3.176
	=	0.00

Cannibble Food Tech (XCNQ:PLCN) 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.

Cannibble Food Tech Debt-to-Equity Related Terms

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Cannibble Food Tech (XCNQ:PLCN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Cannibble Food Tech Ltd (XCNQ:PLCN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

40, Carmel Street, P.O.Box 4250, Rosh Haayin, ISR, 4856602

Website

https://www.cannibble.world

Cannibble Food Tech Ltd develops and manufactures powder food mix products that are enhanced variously with hemp seeds, hemp protein, CBD, and THC. The company has developed proprietary formulas for powder-based edibles that are subsequently enhanced with active cannabinoids, which it markets under the brand name "The Pelicann".

Cannibble Food Tech (XCNQ:PLCN) Headlines

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