CHNXF (ChitogenX) Debt-to-Equity: -0.58 (As of Oct. 2024)

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What is ChitogenX Debt-to-Equity?

ChitogenX CHNXF Debt-to-Equity is -0.58 as of Oct. 2024.

ChitogenX's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2024 was $2.99 Mil. ChitogenX's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2024 was $0.08 Mil. ChitogenX's Total Stockholders Equity for the quarter that ended in Oct. 2024 was $-5.35 Mil. ChitogenX's debt to equity for the quarter that ended in Oct. 2024 was -0.58.

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

CHNXF's Debt-to-Equity is not ranked *
in the Biotechnology industry.
Industry Median: 0.16
* Ranked among companies with meaningful Debt-to-Equity only.

ChitogenX  (OTCPK:CHNXF) 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.

ChitogenX Debt-to-Equity Related Terms

ChitogenX Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for ChitogenX'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.

ChitogenX Debt-to-Equity Chart

ChitogenX Annual Data
Trend Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only -1.09 -2.56 -0.80 -0.57 -0.63

ChitogenX Quarterly Data
Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.58 -0.63 -0.62 -0.61 -0.58

CHNXF vs SCPX, LADX, ENDV: Debt-to-Equity Comparison

For the Biotechnology subindustry, ChitogenX'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.

ChitogenX Debt-to-Equity vs Biotechnology Industry

For the Biotechnology industry and Healthcare sector, ChitogenX's Debt-to-Equity distribution charts can be found below:

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


ChitogenX Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

ChitogenX's Debt to Equity Ratio for the fiscal year 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
=(0.444 + 2.443) / -4.603
=-0.63

ChitogenX's Debt to Equity Ratio for the quarter that ended in Oct. 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
=(2.994 + 0.084) / -5.353
=-0.58

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of -0.58 mean?
ChitogenX (CHNXF) has a Debt-to-Equity of -0.58 as of Oct. 2024. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on ChitogenX and its competitors.
Is ChitogenX's Debt-to-Equity too high?
ChitogenX's current Debt-to-Equity is -0.58.
How does ChitogenX's Debt-to-Equity compare to SCPX and LADX?
ChitogenX's Debt-to-Equity of -0.58 can be compared against companies in the Biotechnology industry. The industry median Debt-to-Equity is 0.16. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Biotechnology company?
The median Debt-to-Equity among Biotechnology companies is 0.16, based on 962 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on ChitogenX and its competitors. For the Biotechnology industry, the median Debt-to-Equity is 0.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ChitogenX's current Debt-to-Equity is -0.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ChitogenX stock overvalued right now?
ChitogenX (CHNXF) has a current Debt-to-Equity of -0.58. The current Debt-to-Equity is -0.58. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For ChitogenX (CHNXF), the current Debt-to-Equity is -0.58 as of Oct. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

ChitogenX Business Description

Address 16667 Hymus Boulevard, Kirkland, Montreal, QC, CAN, H9H 4R9
ChitogenX Inc is a clinical-stage biotech company. It operates in one segment, which is the development of novel therapeutic soft tissue repair technologies.