Kiaro Holdings (TSXV:KO.H) Debt-to-Equity : -5.59 (As of Oct. 2022)

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Kiaro Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2022 was C$1.85 Mil. Kiaro Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2022 was C$7.08 Mil. Kiaro Holdings's Total Stockholders Equity for the quarter that ended in Oct. 2022 was C$-1.60 Mil. Kiaro Holdings's debt to equity for the quarter that ended in Oct. 2022 was -5.59.

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 Kiaro Holdings's Debt-to-Equity or its related term are showing as below:

TSXV:KO.H's Debt-to-Equity is not ranked ^*
in the Healthcare Providers & Services industry.
Industry Median: 0.46
* Ranked among companies with meaningful Debt-to-Equity only.

Kiaro Holdings Debt-to-Equity Historical Data

The historical data trend for Kiaro Holdings'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.

Kiaro Holdings Annual Data

Trend

Jan21

Jan22

Debt-to-Equity

0.63

1.25

Kiaro Holdings Quarterly Data
	Jul19	Oct19	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22
Debt-to-Equity	Get a 7-Day Free Trial								0.89	1.25	1.61	2.12	-5.59

Competitive Comparison

For the Pharmaceutical Retailers subindustry, Kiaro Holdings'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.

Kiaro Holdings Debt-to-Equity Distribution

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

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

Kiaro Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kiaro Holdings's Debt to Equity Ratio for the fiscal year that ended in Jan. 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
	=	(1.865	+	7.712)	/	7.683
	=	1.25

Kiaro Holdings's Debt to Equity Ratio for the quarter that ended in Oct. 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
	=	(1.852	+	7.081)	/	-1.597
	=	-5.59

Kiaro Holdings (TSXV:KO.H) 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.

Kiaro Holdings Debt-to-Equity Related Terms

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Kiaro Holdings (TSXV:KO.H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Kiaro Holdings Corp (TSXV:KO.H) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

300 - 110 E Cordova Street, Vancouver, BC, CAN, V6A 1K9

Website

https://www.kiaro.com

Kiaro Holdings Corp is engaged in the cannabis business. The company's operating segments are wholesale cannabis business and retail cannabis stores. It generates a majority of its revenue from the retail cannabis business segment.

Kiaro Holdings (TSXV:KO.H) Headlines

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