High Tide (TSXV:HITI) Debt-to-Equity : 0.47 (As of Jan. 2024)

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What is High Tide Debt-to-Equity?

High Tide's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$36.6 Mil. High Tide's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2024 was C$28.7 Mil. High Tide's Total Stockholders Equity for the quarter that ended in Jan. 2024 was C$137.7 Mil. High Tide's debt to equity for the quarter that ended in Jan. 2024 was 0.47.

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 High Tide's Debt-to-Equity or its related term are showing as below:

TSXV:HITI' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.07 Med: 0.46 Max: 6.25
Current: 0.47

During the past 7 years, the highest Debt-to-Equity Ratio of High Tide was 6.25. The lowest was -0.07. And the median was 0.46.

TSXV:HITI's Debt-to-Equity is ranked better than
50.63% of 553 companies
in the Healthcare Providers & Services industry
Industry Median: 0.47 vs TSXV:HITI: 0.47

High Tide Debt-to-Equity Historical Data

The historical data trend for High Tide'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.

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High Tide Debt-to-Equity Chart

High Tide Annual Data

Trend

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Debt-to-Equity

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2.50

4.62

0.38

0.45

0.55

High Tide Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Oct23	Jan24
Debt-to-Equity	Get a 7-Day Free Trial															0.45	0.43	0.44	0.55	0.47

Competitive Comparison of High Tide's Debt-to-Equity

For the Pharmaceutical Retailers subindustry, High Tide'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.

High Tide's Debt-to-Equity Distribution in the Healthcare Providers & Services Industry

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

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

High Tide Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

High Tide's Debt to Equity Ratio for the fiscal year that ended in Oct. 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
	=	(32.199	+	40.331)	/	131.556
	=	0.55

High Tide's Debt to Equity Ratio for the quarter that ended in Jan. 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
	=	(36.645	+	28.666)	/	137.65
	=	0.47

High Tide (TSXV:HITI) 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.

High Tide Debt-to-Equity Related Terms

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

High Tide (TSXV:HITI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » High Tide Inc (TSXV:HITI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

HITI:USA 2LYA:Germany

Address

11127 - 15 Street NE, Unit 112, Calgary, AB, CAN, T3K 2M4

Website

https://www.hightideinc.com

High Tide Inc is a downstream-focused retailer of cannabis products, distributor, and seller of smoking accessories and cannabis lifestyle products. It is a vertically-integrated company in the Canadian cannabis market with portfolio subsidiaries including RGR Canada Inc., Famous Brandz Inc., Kush West Distribution Inc., Smoker's Corner Ltd., Grasscity.com, Canna Cabana Inc., and KushBar Inc. The firm has established two main segments, retail and wholesale. It generates substantial revenue from retail stores' e-commerce platforms. Geographically it serves Canada, the USA, and other international markets and earns key revenue from domestic sales.