Red White & Bloom Brands (XCNQ:RWB) Debt-to-Equity : -1.91 (As of Dec. 2023)

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What is Red White & Bloom Brands Debt-to-Equity?

Red White & Bloom Brands's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$240.71 Mil. Red White & Bloom Brands's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$21.42 Mil. Red White & Bloom Brands's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$-137.41 Mil. Red White & Bloom Brands's debt to equity for the quarter that ended in Dec. 2023 was -1.91.

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 Red White & Bloom Brands's Debt-to-Equity or its related term are showing as below:

XCNQ:RWB' s Debt-to-Equity Range Over the Past 10 Years
Min: -442.43 Med: 0.55 Max: 1.12
Current: -1.91

During the past 5 years, the highest Debt-to-Equity Ratio of Red White & Bloom Brands was 1.12. The lowest was -442.43. And the median was 0.55.

XCNQ:RWB's Debt-to-Equity is not ranked
in the Drug Manufacturers industry.
Industry Median: 0.3 vs XCNQ:RWB: -1.91

Red White & Bloom Brands Debt-to-Equity Historical Data

The historical data trend for Red White & Bloom Brands'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.

Red White & Bloom Brands Debt-to-Equity Chart

Red White & Bloom Brands Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

1.03

0.55

1.12

-442.43

-1.91

Red White & Bloom Brands 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														-442.43	24.42	N/A	-23.63	-1.91

Competitive Comparison of Red White & Bloom Brands's Debt-to-Equity

For the Drug Manufacturers - Specialty & Generic subindustry, Red White & Bloom Brands'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.

Red White & Bloom Brands's Debt-to-Equity Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Red White & Bloom Brands's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Red White & Bloom Brands's Debt-to-Equity falls into.

Red White & Bloom Brands Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Red White & Bloom Brands'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
	=	(240.709	+	21.423)	/	-137.409
	=	-1.91

Red White & Bloom Brands'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
	=	(240.709	+	21.423)	/	-137.409
	=	-1.91

Red White & Bloom Brands (XCNQ:RWB) 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.

Red White & Bloom Brands Debt-to-Equity Related Terms

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Red White & Bloom Brands (XCNQ:RWB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Red White & Bloom Brands Inc (XCNQ:RWB) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

789 West Pender Street, Suite 810, Vancouver, BC, CAN, V6C 1H2

Website

https://www.redwhitebloom.com

Red White & Bloom Brands Inc is a multi-state operator in the United States conducting operations in the legal cannabis industry. The principal activity of the company is the sale of a diverse range of high-quality cannabis-based products delivered through its distribution and retail channels. The company operates twelve licensed adult-use and medical retail dispensaries located in the legal states of Michigan and Florida.

Red White & Bloom Brands (XCNQ:RWB) Headlines

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