Delta 9 Cannabis (Delta 9 Cannabis) Equity-to-Asset : -0.10 (As of Dec. 2023)

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What is Delta 9 Cannabis Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Delta 9 Cannabis's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-5.43 Mil. Delta 9 Cannabis's Total Assets for the quarter that ended in Dec. 2023 was $55.22 Mil. Therefore, Delta 9 Cannabis's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was -0.10.

The historical rank and industry rank for Delta 9 Cannabis's Equity-to-Asset or its related term are showing as below:

DLTNF' s Equity-to-Asset Range Over the Past 10 Years
Min: -40.47 Med: -0.01 Max: 0.77
Current: -0.1

During the past 13 years, the highest Equity to Asset Ratio of Delta 9 Cannabis was 0.77. The lowest was -40.47. And the median was -0.01.

DLTNF's Equity-to-Asset is ranked worse than
89.95% of 1085 companies
in the Drug Manufacturers industry
Industry Median: 0.59 vs DLTNF: -0.10

Delta 9 Cannabis Equity-to-Asset Historical Data

The historical data trend for Delta 9 Cannabis's Equity-to-Asset 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.

Delta 9 Cannabis Equity-to-Asset Chart

Delta 9 Cannabis Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Equity-to-Asset

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0.50

0.42

0.32

0.07

-0.10

Delta 9 Cannabis Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial															0.07	0.05	0.03	-0.02	-0.10

Competitive Comparison of Delta 9 Cannabis's Equity-to-Asset

For the Drug Manufacturers - Specialty & Generic subindustry, Delta 9 Cannabis's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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.

Delta 9 Cannabis's Equity-to-Asset Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Delta 9 Cannabis's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Delta 9 Cannabis's Equity-to-Asset falls into.

Delta 9 Cannabis Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

Delta 9 Cannabis's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Equity to Asset (A: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	-5.426	/	55.224
	=	-0.10

Delta 9 Cannabis's Equity to Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

Equity to Asset (Q: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	-5.426	/	55.224
	=	-0.10

Delta 9 Cannabis (OTCPK:DLTNF) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.

Delta 9 Cannabis Equity-to-Asset Related Terms

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Delta 9 Cannabis (Delta 9 Cannabis) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Delta 9 Cannabis Inc (OTCPK:DLTNF) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

V5D1:Germany DN:Canada

Address

Osborne Village, P.O. Box 68096, Winnipeg, MB, CAN, R3L 2V9

Website

https://www.delta9.ca

Delta 9 Cannabis Inc is a cannabis company. It sells cannabis products through its wholesale and retail sales channels and sells its cannabis grow pods to other businesses. The company's subsidiary, Delta 9 Bio-Tech Inc, is a licensed producer of medical and recreational cannabis and operates an 80,000-square-foot production facility in Winnipeg, Manitoba, Canada. The company owns and operates a chain of retail stores under the Delta 9 Cannabis store brand.