Veritas Farms (Veritas Farms) Debt-to-Equity : 19.04 (As of Sep. 2023)

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What is Veritas Farms Debt-to-Equity?

Veritas Farms's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.30 Mil. Veritas Farms's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $3.64 Mil. Veritas Farms's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $0.21 Mil. Veritas Farms's debt to equity for the quarter that ended in Sep. 2023 was 19.04.

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 Veritas Farms's Debt-to-Equity or its related term are showing as below:

VFRM' s Debt-to-Equity Range Over the Past 10 Years
Min: -7.57 Med: 0.25 Max: 19.04
Current: 19.04

During the past 7 years, the highest Debt-to-Equity Ratio of Veritas Farms was 19.04. The lowest was -7.57. And the median was 0.25.

VFRM's Debt-to-Equity is ranked worse than
99.42% of 856 companies
in the Drug Manufacturers industry
Industry Median: 0.28 vs VFRM: 19.04

Veritas Farms Debt-to-Equity Historical Data

The historical data trend for Veritas Farms'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.

Veritas Farms Debt-to-Equity Chart

Veritas Farms Annual Data

Trend

Jan16

Jan17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.08

0.03

0.30

0.41

-7.57

Veritas Farms 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															2.32	-7.57	-2.98	-2.47	19.04

Competitive Comparison of Veritas Farms's Debt-to-Equity

For the Drug Manufacturers - Specialty & Generic subindustry, Veritas Farms'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.

Veritas Farms's Debt-to-Equity Distribution in the Drug Manufacturers Industry

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

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

Veritas Farms Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Veritas Farms'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
	=	(0.353	+	4.233)	/	-0.606
	=	-7.57

Veritas Farms'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
	=	(0.297	+	3.644)	/	0.207
	=	19.04

Veritas Farms (OTCPK:VFRM) 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.

Veritas Farms Debt-to-Equity Related Terms

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Veritas Farms (Veritas Farms) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Veritas Farms Inc (OTCPK:VFRM) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

401 E. Las Olas Boulevard, Suite 1400, Fort Lauderdale, FL, USA, 33001

Website

https://www.theveritasfarms.com

Veritas Farms Inc is engaged in producing natural rich-hemp products, using strict natural protocols and materials yielding broad spectrum phytocannabinoid rich hemp oils, distillates and isolates. Its products include Full Spectrum CBD Tincture, Full Spectrum CBD Salve, Full Spectrum CBD Capsules, Full Spectrum CBD Lotion and Others.