BYND Cannasoft Enterprises (XCNQ:BYND) Debt-to-Equity : 0.00 (As of Dec. 2023)

View and export this data going back to 2021. Start your Free Trial

What is BYND Cannasoft Enterprises Debt-to-Equity?

BYND Cannasoft Enterprises's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.05 Mil. BYND Cannasoft Enterprises's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.04 Mil. BYND Cannasoft Enterprises's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$34.83 Mil. BYND Cannasoft Enterprises's debt to equity for the quarter that ended in Dec. 2023 was 0.00.

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 BYND Cannasoft Enterprises's Debt-to-Equity or its related term are showing as below:

During the past 3 years, the highest Debt-to-Equity Ratio of BYND Cannasoft Enterprises was 0.03. The lowest was 0.00. And the median was 0.00.

XCNQ:BYND's Debt-to-Equity is not ranked ^*
in the Software industry.
Industry Median: 0.21
* Ranked among companies with meaningful Debt-to-Equity only.

BYND Cannasoft Enterprises Debt-to-Equity Historical Data

The historical data trend for BYND Cannasoft Enterprises'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.

BYND Cannasoft Enterprises Debt-to-Equity Chart

BYND Cannasoft Enterprises Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Equity

0.03

BYND Cannasoft Enterprises Quarterly Data
	Mar20	Jun20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial										-	-	-	-	-

Competitive Comparison of BYND Cannasoft Enterprises's Debt-to-Equity

For the Software - Infrastructure subindustry, BYND Cannasoft Enterprises'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.

BYND Cannasoft Enterprises's Debt-to-Equity Distribution in the Software Industry

For the Software industry and Technology sector, BYND Cannasoft Enterprises's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where BYND Cannasoft Enterprises's Debt-to-Equity falls into.

BYND Cannasoft Enterprises Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

BYND Cannasoft Enterprises'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
	=	(0.047	+	0.038)	/	34.826
	=	0.00

BYND Cannasoft Enterprises'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
	=	(0.047	+	0.038)	/	34.826
	=	0.00

BYND Cannasoft Enterprises (XCNQ:BYND) 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.

BYND Cannasoft Enterprises Debt-to-Equity Related Terms

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

BYND Cannasoft Enterprises (XCNQ:BYND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » BYND Cannasoft Enterprises Inc (XCNQ:BYND) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

BCAN:USA

Address

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

Website

https://cannasoft-crm.com

BYND Cannasoft Enterprises Inc is engaged in the continued development of its new Benefit CRM and Cannabis CRM Platform along with construction, licensing, and operation of the Cannabis Farm and indoor cannabis growing facility.