Mary Agrotechnologies (XCNQ:MARY) Debt-to-Revenue : 1.38 (As of Mar. 2024)

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What is Mary Agrotechnologies Debt-to-Revenue?

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

Mary Agrotechnologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.01 Mil. Mary Agrotechnologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was C$0.00 Mil. Mary Agrotechnologies's annualized Revenue for the quarter that ended in Mar. 2024 was C$0.01 Mil. Mary Agrotechnologies's annualized Debt-to-Revenue for the quarter that ended in Mar. 2024 was 1.38.

Mary Agrotechnologies Debt-to-Revenue Historical Data

The historical data trend for Mary Agrotechnologies'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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Mary Agrotechnologies Debt-to-Revenue Chart

Mary Agrotechnologies Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Debt-to-Revenue

2.33

2.16

1.12

1.88

Mary Agrotechnologies Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Debt-to-Revenue	Get a 7-Day Free Trial											1.97	0.48	N/A	1.30	1.38

Competitive Comparison of Mary Agrotechnologies's Debt-to-Revenue

For the Scientific & Technical Instruments subindustry, Mary Agrotechnologies'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.

Mary Agrotechnologies's Debt-to-Revenue Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Mary Agrotechnologies's Debt-to-Revenue distribution charts can be found below:

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

Mary Agrotechnologies Debt-to-Revenue Calculation

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

Mary Agrotechnologies's Debt-to-Revenue for the fiscal year that ended in Sep. 2023 is calculated as

Debt-to-Revenue	=	Total Debt			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(0.094	+	0)	/	0.05
	=	1.88

Mary Agrotechnologies's annualized Debt-to-Revenue for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Revenue	=	Total Debt			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(0.011	+	0)	/	0.008
	=	1.38

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 (Mar. 2024) Revenue data.

Mary Agrotechnologies Debt-to-Revenue Related Terms

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Mary Agrotechnologies (XCNQ:MARY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Mary Agrotechnologies Inc (XCNQ:MARY) » Definitions » Debt-to-Revenue

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Traded in Other Exchanges

MRRYF:USA

Address

115 Apple Creek Boulevard, Unit 3 and 4, Markham, ON, CAN, L3R 6C9

Website

https://www.mary.ag

Mary Agrotechnologies Inc is a data-driven agriculture technology company. The primary business activity of the Company is to produce a fully automated plant-growing device managed and controlled by an artificially intelligent algorithm, allowing consumers to grow their herbs and vegetables effortlessly from seed to plant while providing optimal conditions to assure premium quality produce year-round. The Company operates mainly in the fields of development and distribution of home-growing automated machines and commercial containers for a variety of herbs and vegetables worldwide.

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