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Goodfood Market (Goodfood Market) Debt-to-Equity : -2.41 (As of Feb. 2024)


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What is Goodfood Market Debt-to-Equity?

Goodfood Market's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was $3.5 Mil. Goodfood Market's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was $38.8 Mil. Goodfood Market's Total Stockholders Equity for the quarter that ended in Feb. 2024 was $-17.6 Mil. Goodfood Market's debt to equity for the quarter that ended in Feb. 2024 was -2.41.

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

GDDFF' s Debt-to-Equity Range Over the Past 10 Years
Min: -9.7   Med: 0.5   Max: 4.59
Current: -2.41

During the past 9 years, the highest Debt-to-Equity Ratio of Goodfood Market was 4.59. The lowest was -9.70. And the median was 0.50.

GDDFF's Debt-to-Equity is not ranked
in the Personal Services industry.
Industry Median: 0.76 vs GDDFF: -2.41

Goodfood Market Debt-to-Equity Historical Data

The historical data trend for Goodfood Market'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.

Goodfood Market Debt-to-Equity Chart

Goodfood Market Annual Data
Trend Dec15 Dec16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only 1.54 1.03 1.02 -9.70 -2.52

Goodfood Market 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 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 -3.77 -2.97 -2.52 -2.26 -2.41

Competitive Comparison of Goodfood Market's Debt-to-Equity

For the Personal Services subindustry, Goodfood Market'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.

Goodfood Market's Debt-to-Equity Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Goodfood Market's Debt-to-Equity distribution charts can be found below:

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


Goodfood Market Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Goodfood Market's Debt to Equity Ratio for the fiscal year that ended in Aug. 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
=(5.118 + 38.77) / -17.393
=-2.52

Goodfood Market'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
=(3.539 + 38.807) / -17.575
=-2.41

* 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.

Goodfood Market  (OTCPK:GDDFF) 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.

Goodfood Market Debt-to-Equity Related Terms

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

Goodfood Market (Goodfood Market) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Goodfood Market Corp (OTCPK:GDDFF) » Definitions » Debt-to-Equity
Comparable Companies
TSXV:WOLF TSXV:MNLX ROL SCI HRB BFAM TSX:BYD FTDR MCW HKSE:01448 LSE:CVSG ASX:IVC MED OHEL:MUSTI XTER:CWC WW HKSE:01830 LSE:XPS ROCO:5530 TSX:PLC
Traded in Other Exchanges
76O:Germany FOOD:Canada
Address
4600 Hickmore Street, Saint-Laurent, Montreal, QC, CAN, H4T 1K2
Website
https://www.makegoodfood.ca
Goodfood Market Corp is an online grocery company in Canada delivering fresh meal solutions and groceries that make it easy for members to enjoy delicious meals at home every day. The principal business activity is focused on developing and servicing the online meal kit and grocery add-on market. Goodfood members have access to products and exclusive pricing made possible by its direct-to-consumer fulfilment ecosystem that eliminates waste and retail overhead. It has a production facility and administrative offices in Montreal, with five additional facilities located in Quebec, Ontario, Alberta, and British Columbia. The Company is passionate about connecting its partner farms and suppliers to its customers' kitchens while eliminating food waste and costly retail overhead.