Numinus Wellness (TSX:NUMI) Debt-to-Equity

: 0.63 (As of Feb. 2024)

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Numinus Wellness's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$1.53 Mil. Numinus Wellness's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$4.85 Mil. Numinus Wellness's Total Stockholders Equity for the quarter that ended in Feb. 2024 was C$10.09 Mil. Numinus Wellness's debt to equity for the quarter that ended in Feb. 2024 was 0.63.

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 Numinus Wellness's Debt-to-Equity or its related term are showing as below:

TSX:NUMI' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.17 Max: 2.8
Current: 0.63

During the past 5 years, the highest Debt-to-Equity Ratio of Numinus Wellness was 2.80. The lowest was 0.02. And the median was 0.17.

TSX:NUMI's Debt-to-Equity is ranked worse than
58.72% of 545 companies
in the Healthcare Providers & Services industry
Industry Median: 0.47 vs TSX:NUMI: 0.63

Numinus Wellness Debt-to-Equity Historical Data

The historical data trend for Numinus Wellness'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.

Numinus Wellness Annual Data

Trend

Aug19

Aug20

Aug21

Aug22

Aug23

Debt-to-Equity

0.18

0.15

0.03

0.19

0.51

Numinus Wellness Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-Equity																0.28	0.34	0.51	0.67	0.63

Competitive Comparison

For the Medical Care Facilities subindustry, Numinus Wellness'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.

Numinus Wellness Debt-to-Equity Distribution

For the Healthcare Providers & Services industry and Healthcare sector, Numinus Wellness's Debt-to-Equity distribution charts can be found below:

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

Numinus Wellness Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Numinus Wellness's Debt to Equity Ratio for the fiscal year that ended in Aug. 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
	=	(1.557	+	5.642)	/	14.049
	=	0.51

Numinus Wellness's Debt to Equity Ratio for the quarter that ended in Feb. 2024 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
	=	(1.528	+	4.854)	/	10.085
	=	0.63

Numinus Wellness (TSX:NUMI) 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.

Numinus Wellness Debt-to-Equity Related Terms

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Numinus Wellness (TSX:NUMI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Numinus Wellness Inc (TSX:NUMI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

NUMIF:USA LR23:Germany

Address

801 - 33 Water Street, Vancouver, BC, CAN, V6B 1R4

Website

https://www.numinus.ca

Numinus Wellness Inc develops proprietary, psychedelic-centered, therapeutic products and services through its laboratory and research & development processes. The company's clinic network consists of Numinus Health, Mindspace Services, and the Neurology Center of Toronto. Its services include Ketamine-assisted psychotherapy for depression, neurological care, psychotherapy, and counseling by registered psychologists among others. The company's operating segments are; Clinical research operations, Canadian clinic network, US clinic network and Corporate. The majority of the revenue for the company is generated from US clinic network segment. Geographically, the company has its presence in United States and Canada.

Numinus Wellness (TSX:NUMI) Headlines

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