EGF Theramed Health (XCNQ:TMED) Debt-to-Equity : -1.21 (As of Dec. 2023)

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What is EGF Theramed Health Debt-to-Equity?

EGF Theramed Health's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$1.42 Mil. EGF Theramed Health's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.00 Mil. EGF Theramed Health's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$-1.17 Mil. EGF Theramed Health's debt to equity for the quarter that ended in Dec. 2023 was -1.21.

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

XCNQ:TMED' s Debt-to-Equity Range Over the Past 10 Years
Min: -3.14 Med: 0.07 Max: 55.71
Current: -1.21

During the past 12 years, the highest Debt-to-Equity Ratio of EGF Theramed Health was 55.71. The lowest was -3.14. And the median was 0.07.

XCNQ:TMED's Debt-to-Equity is not ranked
in the Healthcare Providers & Services industry.
Industry Median: 0.48 vs XCNQ:TMED: -1.21

EGF Theramed Health Debt-to-Equity Historical Data

The historical data trend for EGF Theramed Health'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.

EGF Theramed Health Debt-to-Equity Chart

EGF Theramed Health Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

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4.42

-3.14

12.32

-1.19

-1.17

EGF Theramed Health Quarterly Data
	Mar19	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															-1.35	-1.30	-1.17	-1.25	-1.21

Competitive Comparison of EGF Theramed Health's Debt-to-Equity

For the Health Information Services subindustry, EGF Theramed Health'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.

EGF Theramed Health's Debt-to-Equity Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, EGF Theramed Health's Debt-to-Equity distribution charts can be found below:

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

EGF Theramed Health Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

EGF Theramed Health's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(0.417	+	0.92)	/	-1.143
	=	-1.17

EGF Theramed Health'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
	=	(1.424	+	0)	/	-1.173
	=	-1.21

EGF Theramed Health (XCNQ:TMED) 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.

EGF Theramed Health Debt-to-Equity Related Terms

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EGF Theramed Health (XCNQ:TMED) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » EGF Theramed Health Corp (XCNQ:TMED) » Definitions » Debt-to-Equity

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EVAHF:USA AUH:Germany

Address

609 Granville Street, Suite 1600, P.O. Box 10068,, Pacific Centre, Vancouver, BC, CAN, V7Y 1C3

Website

https://www.egftheramedhealth.com

EGF Theramed Health Corp is an early-stage development company. It develops products, technologies, and diagnostic tools focused on personalized medical care including research with natural health and wellness products. The products serve the overall goal of improving health and elevating the human condition. The company explores many other medical areas including weight loss, skincare and heart disease.