The Hash (XCNQ:REZN) Debt-to-Equity : -0.68 (As of Dec. 2023)

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What is The Hash Debt-to-Equity?

The Hash's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.27 Mil. The Hash's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil. The Hash's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$-0.40 Mil. The Hash's debt to equity for the quarter that ended in Dec. 2023 was -0.68.

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 The Hash's Debt-to-Equity or its related term are showing as below:

XCNQ:REZN' s Debt-to-Equity Range Over the Past 10 Years
Min: -18.25 Med: -0.68 Max: 0.04
Current: -0.68

During the past 5 years, the highest Debt-to-Equity Ratio of The Hash was 0.04. The lowest was -18.25. And the median was -0.68.

XCNQ:REZN's Debt-to-Equity is not ranked
in the Drug Manufacturers industry.
Industry Median: 0.29 vs XCNQ:REZN: -0.68

The Hash Debt-to-Equity Historical Data

The historical data trend for The Hash'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.

The Hash Debt-to-Equity Chart

The Hash Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.04

-18.25

-0.68

The Hash Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial														-18.25	-11.87	-1.09	-0.85	-0.68

Competitive Comparison of The Hash's Debt-to-Equity

For the Drug Manufacturers - Specialty & Generic subindustry, The Hash'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.

The Hash's Debt-to-Equity Distribution in the Drug Manufacturers Industry

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

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

The Hash Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

The Hash'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
	=	(0.268	+	0)	/	-0.396
	=	-0.68

The Hash'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
	=	(0.268	+	0)	/	-0.396
	=	-0.68

The Hash (XCNQ:REZN) 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.

The Hash Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of The Hash's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

The Hash (XCNQ:REZN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » The Hash Corp (XCNQ:REZN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

REZNF:USA

Address

1 Adelaide Street East, Suite 801, Toronto, ON, CAN, M5C 2V9

Website

https://www.thehashcorporation.com

The Hash Corp is engaged in the production and sale of cannabis-based hashish and other cannabis products. It applies its separation and curing techniques to produce a suite of high-quality cannabis resin products, which are all-natural and free of additive and carcinogenic solvents.

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