Heritage Cannabis Holding (Heritage Cannabis Holding) Debt-to-Equity : 0.45 (As of Oct. 2023)

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What is Heritage Cannabis Holding Debt-to-Equity?

Heritage Cannabis Holding's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was $0.14 Mil. Heritage Cannabis Holding's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was $6.69 Mil. Heritage Cannabis Holding's Total Stockholders Equity for the quarter that ended in Oct. 2023 was $15.21 Mil. Heritage Cannabis Holding's debt to equity for the quarter that ended in Oct. 2023 was 0.45.

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 Heritage Cannabis Holding's Debt-to-Equity or its related term are showing as below:

HERTF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.33 Max: 0.45
Current: 0.45

During the past 13 years, the highest Debt-to-Equity Ratio of Heritage Cannabis Holding was 0.45. The lowest was 0.07. And the median was 0.33.

HERTF's Debt-to-Equity is ranked worse than
62.01% of 845 companies
in the Drug Manufacturers industry
Industry Median: 0.3 vs HERTF: 0.45

Heritage Cannabis Holding Debt-to-Equity Historical Data

The historical data trend for Heritage Cannabis Holding'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.

Heritage Cannabis Holding Debt-to-Equity Chart

Heritage Cannabis Holding Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Debt-to-Equity

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0.07

0.21

0.44

0.45

Heritage Cannabis Holding Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Debt-to-Equity	Get a 7-Day Free Trial															0.44	0.48	0.50	0.51	0.45

Competitive Comparison of Heritage Cannabis Holding's Debt-to-Equity

For the Drug Manufacturers - Specialty & Generic subindustry, Heritage Cannabis Holding'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.

Heritage Cannabis Holding's Debt-to-Equity Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Heritage Cannabis Holding's Debt-to-Equity distribution charts can be found below:

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

Heritage Cannabis Holding Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Heritage Cannabis Holding's Debt to Equity Ratio for the fiscal year that ended in Oct. 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
	=	(0.138	+	6.686)	/	15.208
	=	0.45

Heritage Cannabis Holding's Debt to Equity Ratio for the quarter that ended in Oct. 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
	=	(0.138	+	6.686)	/	15.208
	=	0.45

Heritage Cannabis Holding (OTCPK:HERTF) 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.

Heritage Cannabis Holding Debt-to-Equity Related Terms

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Heritage Cannabis Holding (Heritage Cannabis Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Heritage Cannabis Holding Corp (OTCPK:HERTF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

77 Bloor Street West, Suite 600, Toronto, ON, CAN, M5S 1M2

Website

https://www.heritagecann.com

Heritage Cannabis Holding Corp is a Canada based holding company, operating in the vertically integrated cannabis business. It cultivates, sells, and distributes medical cannabis and marijuana. The group derives revenue from the sale of goods and provision of services.