Edible Garden AG (Edible Garden AG) Debt-to-Equity : -15.49 (As of Dec. 2023)

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What is Edible Garden AG Debt-to-Equity?

Edible Garden AG's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.42 Mil. Edible Garden AG's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $4.04 Mil. Edible Garden AG's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-0.29 Mil. Edible Garden AG's debt to equity for the quarter that ended in Dec. 2023 was -15.49.

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 Edible Garden AG's Debt-to-Equity or its related term are showing as below:

EDBL' s Debt-to-Equity Range Over the Past 10 Years
Min: -15.49 Med: -2.48 Max: -1.17
Current: -15.49

During the past 4 years, the highest Debt-to-Equity Ratio of Edible Garden AG was -1.17. The lowest was -15.49. And the median was -2.48.

EDBL's Debt-to-Equity is not ranked
in the Consumer Packaged Goods industry.
Industry Median: 0.4 vs EDBL: -15.49

Edible Garden AG Debt-to-Equity Historical Data

The historical data trend for Edible Garden AG'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.

Edible Garden AG Debt-to-Equity Chart

Edible Garden AG Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

-2.00

-1.17

-2.96

-15.49

Edible Garden AG Quarterly Data
	Mar20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial									-2.96	1.12	1.28	1.16	-15.49

Competitive Comparison of Edible Garden AG's Debt-to-Equity

For the Farm Products subindustry, Edible Garden AG'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.

Edible Garden AG's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Edible Garden AG's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Edible Garden AG's Debt-to-Equity falls into.

Edible Garden AG Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Edible Garden AG's Debt to Equity Ratio for the fiscal year 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
	=	(0.421	+	4.04)	/	-0.288
	=	-15.49

Edible Garden AG'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
	=	(0.421	+	4.04)	/	-0.288
	=	-15.49

Edible Garden AG (NAS:EDBL) 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.

Edible Garden AG Debt-to-Equity Related Terms

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Edible Garden AG (Edible Garden AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Edible Garden AG Inc (NAS:EDBL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

283 County Road 519, Belvidere, NJ, USA, 07823

Website

https://www.ediblegarden.com

Edible Garden AG Inc is a next generation controlled environment agriculture farming company. It uses traditional agricultural growing techniques together with technology to grow fresh, organic food, sustainably and safely while improving traceability. The company uses the controlled environment of traditional greenhouse structures, such as glass greenhouses, together with hydroponic and vertical greenhouses to sustainably grow organic herbs and lettuces.

Executives

Pamela Donaroma	director	C/O EDIBLE GARDEN AG INCORPORATED, 283 COUNTY ROAD 519, BELVIDERE NJ 07823
James E. Kras	director, 10 percent owner, officer: President and CEO	C/O EDIBLE GARDEN AG INCORPORATED, 283 COUNTY ROAD 519, BELVIDERE NJ 07823
Deborah Pawlowski	director	C/O EDIBLE GARDEN AG INCORPORATED, 283 COUNTY ROAD 519, BELVIDERE NJ 07823
Michael C James	director, 10 percent owner, officer: Chief Financial Officer	2040 MAIN STREET, SUITE 225, IRVINE CA 92614
Tracy A. Nazzaro	director	C/O EDIBLE GARDEN AG INCORPORATED, 283 COUNTY ROAD 519, BELVIDERE NJ 07823
Ryan L. Rogers	director	C/O EDIBLE GARDEN AG INCORPORATED, 283 COUNTY ROAD 519, BELVIDERE NJ 07823
Mathew J. Mcconnell	director	C/O EDIBLE GARDEN AG INCORPORATED, 283 COUNTY ROAD 519, BELVIDERE NJ 07823