MJ Harvest (MJ Harvest) Debt-to-Revenue : 5.16 (As of Feb. 2023)

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What is MJ Harvest Debt-to-Revenue?

Debt-to-Revenue measures a company's ability to pay off its debt.

MJ Harvest's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2023 was $4.88 Mil. MJ Harvest's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2023 was $3.01 Mil. MJ Harvest's annualized Revenue for the quarter that ended in Feb. 2023 was $1.53 Mil. MJ Harvest's annualized Debt-to-Revenue for the quarter that ended in Feb. 2023 was 5.16.

MJ Harvest Debt-to-Revenue Historical Data

The historical data trend for MJ Harvest's Debt-to-Revenue 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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MJ Harvest Debt-to-Revenue Chart

MJ Harvest Annual Data

Trend

May19

May20

May21

May22

Debt-to-Revenue

3.93

2.32

MJ Harvest Quarterly Data
	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23
Debt-to-Revenue	Get a 7-Day Free Trial													9.38	4.01	32.57	13.89	5.16

Competitive Comparison of MJ Harvest's Debt-to-Revenue

For the Industrial Distribution subindustry, MJ Harvest's Debt-to-Revenue, along with its competitors' market caps and Debt-to-Revenue 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.

MJ Harvest's Debt-to-Revenue Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, MJ Harvest's Debt-to-Revenue distribution charts can be found below:

* The bar in red indicates where MJ Harvest's Debt-to-Revenue falls into.

MJ Harvest Debt-to-Revenue Calculation

Debt-to-Revenue measures a company's ability to pay off its debt.

MJ Harvest's Debt-to-Revenue for the fiscal year that ended in May. 2022 is calculated as

Debt-to-Revenue	=	Total Debt			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(0.154	+	0.247)	/	0.173
	=	2.32

MJ Harvest's annualized Debt-to-Revenue for the quarter that ended in Feb. 2023 is calculated as

Debt-to-Revenue	=	Total Debt			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(4.876	+	3.008)	/	1.528
	=	5.16

In the calculation of annual Debt-to-Revenue, the Revenue of the last fiscal year is used. In calculating the annualized quarterly data, the Revenue data used here is four times the quarterly (Feb. 2023) Revenue data.

MJ Harvest Debt-to-Revenue Related Terms

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MJ Harvest (MJ Harvest) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » MJ Harvest Inc (OTCPK:MJHI) » Definitions » Debt-to-Revenue

Comparable Companies

Traded in Other Exchanges

N/A

Address

9205 West Russell Road, Suite 240, Las Vegas, NV, USA, 89139

Website

https://www.mjharvestinc.com

MJ Harvest Inc cultivates, harvests, manufactures, and sells cannabis products. It also acquires and markets products and technologies that are designed to benefit growers and processors in the horticultural and agricultural industries.

Executives

David Tobias	director	PO BOX 1602, MESQUITE NV 89024
Jerry Cornwell	director, 10 percent owner	14424 SE 78TH WAY, NEW CASTLE WA 98059
Brad E Herr	officer: CFO	5413 S SAYBROOK LANE, SPOKANE WA 99223
Patrick Bilton	director, 10 percent owner, officer: Chief Executive Officer	9205 W RUSSELL ROAD, SUITE 240, LAS VEGAS NV 89139