Plantify Foods (TSXV:PTFY) Debt-to-Equity

: -3.51 (As of Dec. 2023)

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Plantify Foods's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$1.90 Mil. Plantify Foods's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$1.31 Mil. Plantify Foods's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$-0.91 Mil. Plantify Foods's debt to equity for the quarter that ended in Dec. 2023 was -3.51.

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 Plantify Foods's Debt-to-Equity or its related term are showing as below:

TSXV:PTFY' s Debt-to-Equity Range Over the Past 10 Years
Min: -3.51 Med: -1.58 Max: -1.34
Current: -3.51

During the past 4 years, the highest Debt-to-Equity Ratio of Plantify Foods was -1.34. The lowest was -3.51. And the median was -1.58.

TSXV:PTFY's Debt-to-Equity is not ranked
in the Consumer Packaged Goods industry.
Industry Median: 0.41 vs TSXV:PTFY: -3.51

Plantify Foods Debt-to-Equity Historical Data

The historical data trend for Plantify Foods'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.

Plantify Foods Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

-1.59

-1.34

-1.57

-3.51

Plantify Foods Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity									-1.57	-1.24	-5.50	10.56	-3.51

Competitive Comparison

For the Farm Products subindustry, Plantify Foods'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.

Plantify Foods Debt-to-Equity Distribution

For the Consumer Packaged Goods industry and Consumer Defensive sector, Plantify Foods's Debt-to-Equity distribution charts can be found below:

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

Plantify Foods Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Plantify Foods's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(1.897	+	1.307)	/	-0.914
	=	-3.51

Plantify Foods's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(1.897	+	1.307)	/	-0.914
	=	-3.51

Plantify Foods (TSXV:PTFY) 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.

Plantify Foods Debt-to-Equity Related Terms

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

Plantify Foods (TSXV:PTFY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Plantify Foods Inc (TSXV:PTFY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

2264 E 11th Avenue, Vancouver, BC, CAN, V5N 1Z6

Website

https://www.plantifyfoods.com

Plantify Foods Inc is engaged in the development, production and sales of plant-based foods out of its subsidiary's factory located in Kibbutz Gonen.

Plantify Foods (TSXV:PTFY) Headlines

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