Citrine Global (Citrine Global) Debt-to-Equity

: -0.83 (As of Sep. 2023)

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Citrine Global's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.17 Mil. Citrine Global's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $2.07 Mil. Citrine Global's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $-2.69 Mil. Citrine Global's debt to equity for the quarter that ended in Sep. 2023 was -0.83.

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 Citrine Global's Debt-to-Equity or its related term are showing as below:

CTGL' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.79 Med: 0.08 Max: 2.93
Current: -0.83

During the past 13 years, the highest Debt-to-Equity Ratio of Citrine Global was 2.93. The lowest was -1.79. And the median was 0.08.

CTGL's Debt-to-Equity is not ranked
in the Consumer Packaged Goods industry.
Industry Median: 0.4 vs CTGL: -0.83

Citrine Global Debt-to-Equity Historical Data

The historical data trend for Citrine Global'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.

Citrine Global Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.11

-0.04

0.82

-0.99

-0.83

Citrine Global Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															-0.77	-0.83	-0.82	-0.79	-0.83

Competitive Comparison

For the Packaged Foods subindustry, Citrine Global'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.

Citrine Global Debt-to-Equity Distribution

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

* The bar in red indicates where Citrine Global's Debt-to-Equity falls into.

Citrine Global Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Citrine Global's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(0.082	+	1.975)	/	-2.471
	=	-0.83

Citrine Global's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(0.172	+	2.071)	/	-2.689
	=	-0.83

Citrine Global (OTCPK:CTGL) 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.

Citrine Global Debt-to-Equity Related Terms

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Citrine Global (Citrine Global) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Citrine Global Corp (OTCPK:CTGL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

5 Golden Beach, Caesarea, ISR, 3088900

Website

https://www.citrine-global.com

Citrine Global Corp is a plant-based wellness and pharma solutions company. Its product line includes GreenFeels; SmokLy; Medicinal Mushrooms; Booster; Personal Protection and Balance and Calm products.

Executives

David Kretzmer	director	350 FIFTH AVENUE, NEW YORK NY 10118
Ilan Ben-ishay	director	C/O CITRINE S A L, INVESTMENT & HOLDINGS LTD 3 HAMELACHA ST, TEL AVIV L3 6721503
Yaron Pitaru	10 percent owner	C/O WEALTHSTONE HOLDINGS LTD,, 3 HAMELACHA, TEL AVIV L3 10036
Soffer Ora Meir	director, 10 percent owner	C/O CITRINE S A L, INVESTMENT & HOLDINGS LTD, 3 HAMELAC ST, TEL AVIV L3 6721503
Golden Holdings Neto Ltd	10 percent owner	18 BAALEI MELACHA, HAIFA L3 3223016
Citrine S A L Investment & Holdings Ltd	10 percent owner	3 HAMELACHA ST, TEL AVIV L3 6721503
Wealthstone Private Equity Ltd	10 percent owner	3 HAMELACHA ST, TEL AVIV L3 6721503
Wealthstone Holdings Ltd	10 percent owner	3 HAMELACHA, TEL AVIV L3 6721503
Beezz Home Technologies Ltd	10 percent owner	KEREM MAHARAL, MOSHAV L3 3084000
Ilanit Halperin	director	C/O CITRINE S A L, INVESTMENT & HOLDINGS LTD, 3 HAMELACHA, TEL AVIV L3 6721503
Yossef De-levy	director	1140 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Oren Traistman	director	1140 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Tali Dinar	officer: Chief Financial Officer	C/O MICRONET ENERTEC TECHNOLOGIES, INC., 70 KINDERKAMACK ROAD, EMERSON NJ 07630
Marius Nacht	10 percent owner	18 YEHEZKEL ST, TEL AVIV-YAFO L3 6259524
Zvi Yemini	director, officer: Chief Executive Officer	1140 AVENUE OF THE AMERICAS, NEW YORK NY 10036