Argo Living Soils (Argo Living Soils) Debt-to-Equity : -2.83 (As of Feb. 2024)

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What is Argo Living Soils Debt-to-Equity?

Argo Living Soils's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was $0.03 Mil. Argo Living Soils's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was $0.00 Mil. Argo Living Soils's Total Stockholders Equity for the quarter that ended in Feb. 2024 was $-0.01 Mil. Argo Living Soils's debt to equity for the quarter that ended in Feb. 2024 was -2.83.

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 Argo Living Soils's Debt-to-Equity or its related term are showing as below:

ARLSF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.04 Med: 0.08 Max: 0.09
Current: 0.04

During the past 4 years, the highest Debt-to-Equity Ratio of Argo Living Soils was 0.09. The lowest was 0.04. And the median was 0.08.

ARLSF's Debt-to-Equity is ranked better than
89.5% of 219 companies
in the Agriculture industry
Industry Median: 0.35 vs ARLSF: 0.04

Argo Living Soils Debt-to-Equity Historical Data

The historical data trend for Argo Living Soils'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.

Argo Living Soils Debt-to-Equity Chart

Argo Living Soils Annual Data

Trend

Nov20

Nov21

Nov22

Nov23

Debt-to-Equity

0.08

0.05

0.08

Argo Living Soils Quarterly Data
	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-Equity	Get a 7-Day Free Trial											0.08	0.01	-	-	-2.83

Competitive Comparison of Argo Living Soils's Debt-to-Equity

For the Agricultural Inputs subindustry, Argo Living Soils'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.

Argo Living Soils's Debt-to-Equity Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, Argo Living Soils's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Argo Living Soils's Debt-to-Equity falls into.

Argo Living Soils Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Argo Living Soils's Debt to Equity Ratio for the fiscal year that ended in Nov. 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	+	0)	/	0.079
	=	0.00

Argo Living Soils's Debt to Equity Ratio for the quarter that ended in Feb. 2024 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
	=	(0.034	+	0)	/	-0.012
	=	-2.83

Argo Living Soils (OTCPK:ARLSF) 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.

Argo Living Soils Debt-to-Equity Related Terms

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Argo Living Soils (Argo Living Soils) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » Argo Living Soils Corp (OTCPK:ARLSF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

ARGO:Canada

Address

1130 Pender Street West, Suite 820, Vancouver, BC, CAN, V6E 4A4

Website

https://argolivingsoils.com

Argo Living Soils Corp is an agribusiness company specializing in producing and developing organic products including soil amendments, living soils, bio-fertilizers, vermicompost, and compost tea kits formulated specifically for high-value crops.

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