BRLS (Borealis Foods) Debt-to-Equity : -46.39 (As of Dec. 2024)

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What is Borealis Foods Debt-to-Equity?

Borealis Foods's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was $6.05 Mil. Borealis Foods's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was $26.23 Mil. Borealis Foods's Total Stockholders Equity for the quarter that ended in Dec. 2024 was $-0.70 Mil. Borealis Foods's debt to equity for the quarter that ended in Dec. 2024 was -46.39.

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

BRLS' s Debt-to-Equity Range Over the Past 10 Years
Min: -46.39 Med: -1.56 Max: 0.47
Current: -46.39

During the past 4 years, the highest Debt-to-Equity Ratio of Borealis Foods was 0.47. The lowest was -46.39. And the median was -1.56.

BRLS's Debt-to-Equity is not ranked
in the Consumer Packaged Goods industry.
Industry Median: 0.38 vs BRLS: -46.39

Borealis Foods Debt-to-Equity Historical Data

The historical data trend for Borealis 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.

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Borealis Foods Debt-to-Equity Chart

Borealis Foods Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Debt-to-Equity

0.47

0.01

-3.13

-46.39

Borealis Foods Quarterly Data
	Dec21	Mar22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Debt-to-Equity	Get a 7-Day Free Trial						-3.13	2.32	3.01	6.16	-46.39

Competitive Comparison of Borealis Foods's Debt-to-Equity

For the Packaged Foods subindustry, Borealis 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.

Borealis Foods's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

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

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

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Borealis Foods Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Borealis Foods's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(6.051	+	26.234)	/	-0.696
	=	-46.39

Borealis Foods's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(6.051	+	26.234)	/	-0.696
	=	-46.39

Borealis Foods (NAS:BRLS) 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.

Borealis Foods Debt-to-Equity Related Terms

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Borealis Foods Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Borealis Foods Inc (NAS:BRLS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1540 Cornwall Road, Suite 104, Oakville, ON, CAN, L6J7W5

Website

https://www.borealisfoods.com

Borealis Foods Inc is a food technology company that has developed high-quality, affordable, sustainable, and nutritious ready-to-eat meals. It is a mission-driven company committed to utilizing its products to help solve national and global food security and nutrition challenges. Its commitment to nutrition, affordability, and sustainability reflects its goal of positively impacting both human life and the planet. Through the development and launch of its ready-made ramen, featuring 20 grams of complete plant-based protein per serving, Borealis is developing advanced solutions to address global food challenges.