Glass House Brands (NEOE:GLAS.A.U) Debt-to-Equity

: 0.84 (As of Dec. 2023)

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Glass House Brands's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $9.4 Mil. Glass House Brands's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $65.7 Mil. Glass House Brands's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $89.8 Mil. Glass House Brands's debt to equity for the quarter that ended in Dec. 2023 was 0.84.

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 Glass House Brands's Debt-to-Equity or its related term are showing as below:

NEOE:GLAS.A.U' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.26 Med: 0.64 Max: 0.85
Current: 0.84

During the past 4 years, the highest Debt-to-Equity Ratio of Glass House Brands was 0.85. The lowest was 0.26. And the median was 0.64.

NEOE:GLAS.A.U's Debt-to-Equity is ranked worse than
81.89% of 856 companies
in the Drug Manufacturers industry
Industry Median: 0.285 vs NEOE:GLAS.A.U: 0.84

Glass House Brands Debt-to-Equity Historical Data

The historical data trend for Glass House Brands'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.

Glass House Brands Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.85

0.26

0.44

0.84

Glass House Brands Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial											0.44	0.57	0.69	0.65	0.84

Competitive Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Glass House Brands'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.

Glass House Brands Debt-to-Equity Distribution

For the Drug Manufacturers industry and Healthcare sector, Glass House Brands's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Glass House Brands's Debt-to-Equity falls into.

Glass House Brands Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Glass House Brands'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
	=	(9.39	+	65.736)	/	89.76
	=	0.84

Glass House Brands'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
	=	(9.39	+	65.736)	/	89.76
	=	0.84

Glass House Brands (NEOE:GLAS.A.U) 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.

Glass House Brands Debt-to-Equity Related Terms

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Glass House Brands (NEOE:GLAS.A.U) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Glass House Brands Inc (NEOE:GLAS.A.U) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

GLASF:USA 4KF0:Germany

Address

3645 Long Beach Boulevard, Long Beach, CA, USA, 90807

Website

https://www.glasshousegroup.com

Glass House Brands Inc is a vertically integrated cannabis and hemp company with a focus on the California market. Its portfolio of brands includes Glass House Farms, Forbidden Flowers, and Mama Sue Wellness.

Glass House Brands (NEOE:GLAS.A.U) Headlines

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