FITSF (Koios Beverage) Debt-to-Equity : -0.20 (As of Feb. 2024)

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What is Koios Beverage Debt-to-Equity?

Koios Beverage's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was $0.38 Mil. Koios Beverage's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was $0.00 Mil. Koios Beverage's Total Stockholders Equity for the quarter that ended in Feb. 2024 was $-1.92 Mil. Koios Beverage's debt to equity for the quarter that ended in Feb. 2024 was -0.20.

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

FITSF' s Debt-to-Equity Range Over the Past 10 Years
Min: -4.78 Med: -0.02 Max: 7.52
Current: -0.2

During the past 13 years, the highest Debt-to-Equity Ratio of Koios Beverage was 7.52. The lowest was -4.78. And the median was -0.02.

FITSF's Debt-to-Equity is not ranked
in the Consumer Packaged Goods industry.
Industry Median: 0.4 vs FITSF: -0.20

Koios Beverage Debt-to-Equity Historical Data

The historical data trend for Koios Beverage'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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Koios Beverage Debt-to-Equity Chart

Koios Beverage Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Debt-to-Equity

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0.05

0.27

3.19

0.19

7.54

Koios Beverage Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-Equity	Get a 7-Day Free Trial															-3.23	7.54	-0.95	-0.93	-0.20

Competitive Comparison of Koios Beverage's Debt-to-Equity

For the Packaged Foods subindustry, Koios Beverage'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.

Koios Beverage's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

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

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

Koios Beverage Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Koios Beverage's Debt to Equity Ratio for the fiscal year that ended in May. 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
	=	(0.302	+	0.633)	/	0.124
	=	7.54

Koios Beverage's Debt to Equity Ratio for the quarter that ended in Feb. 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
	=	(0.381	+	0)	/	-1.915
	=	-0.20

Koios Beverage (OTCPK:FITSF) 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.

Koios Beverage Debt-to-Equity Related Terms

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Koios Beverage Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Koios Beverage Corp (OTCPK:FITSF) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

FIT:Canada

Address

1890 – 1075 West Georgia Street, Suite 810, Vancouver, BC, CAN, V6E 3C9

Website

https://www.koiosbeveragecorp.com

Koios Beverage Corp is a beverage company, which is engaged in the business of producing nutritional beverage drinks using a proprietary blend of nootropics and natural organic compounds. The products of the company includes, sparkling brain energy drink, fit soda, merch, hat, iphone cases and others.