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THC Therapeutics (OTCPK:THCT) Debt-to-Equity

: -0.21 (As of Apr. 2022)
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THC Therapeutics's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Apr. 2022 was $0.80 Mil. THC Therapeutics's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Apr. 2022 was $0.00 Mil. THC Therapeutics's Total Stockholders Equity for the quarter that ended in Apr. 2022 was $-3.86 Mil. THC Therapeutics's debt to equity for the quarter that ended in Apr. 2022 was -0.21.

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 THC Therapeutics's Debt-to-Equity or its related term are showing as below:

THCT' s Debt-to-Equity Range Over the Past 10 Years
Min: -3.52   Med: -0.26   Max: 1.23
Current: -0.21

During the past 13 years, the highest Debt-to-Equity Ratio of THC Therapeutics was 1.23. The lowest was -3.52. And the median was -0.26.

THCT's Debt-to-Equity is not ranked
in the Drug Manufacturers industry.
Industry Median: 0.31 vs THCT: -0.21

THC Therapeutics (OTCPK:THCT) Debt-to-Equity Historical Data

The historical data trend for THC Therapeutics'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.

THC Therapeutics Annual Data
Trend Jul12 Jul13 Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21
Debt-to-Equity Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.42 0.09 -0.24 -0.25 -0.31

THC Therapeutics Quarterly Data
Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22
Debt-to-Equity Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.32 -0.31 -0.27 -0.24 -0.21

THC Therapeutics (OTCPK:THCT) Debt-to-Equity Competitive Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, THC Therapeutics'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.

   

THC Therapeutics (OTCPK:THCT) Debt-to-Equity Distribution

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

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



THC Therapeutics Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

THC Therapeutics's Debt to Equity Ratio for the fiscal year that ended in Jul. 2021 is calculated as

THC Therapeutics's Debt to Equity Ratio for the quarter that ended in Apr. 2022 is calculated as

* 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.


THC Therapeutics  (OTCPK:THCT) 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.


THC Therapeutics Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of THC Therapeutics's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


THC Therapeutics (OTCPK:THCT) Business Description

THC Therapeutics logo
Traded in Other Exchanges
N/A
Address
11700 W Charleston Bpulevard, Suite 73, Las Vegas, NV, USA, 89135
THC Therapeutics Inc is a United States-based company. It is focused on developing dHydronator, a sanitizing herb dryer. The main function of the dHydronator is to accelerate the drying time of an herb while sanitizing it. The dHydronator can be used to dry a variety of herbs, and it has been specifically tested for use with cannabis. It will reduce the drying time for cannabis from 10-14 days down to less than 14 hours while reducing the viability of microbial contaminants.
Executives
Tanaka Hiro director, officer: Vice President 3RD FLOOR, 207 REGENT STREET LONDON X0 W1B 3HH
Smith Adrian J R director, officer: Chair of the Board 119 SPRINGLINE DRIVE VERO BEACH FL 32963
Mann Jamie director, 10 percent owner, officer: CEO, CFO 3RD FLOOR, 207 REGENT STREET LONDON X0 W1B 3HH
Ho Eden director, officer: CEO 701 XUANG MI HU ROAD, XI YUAN, FUTIAN SHENZHEN F4 XXXXXX
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