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INQD (Indoor Harvest) Debt-to-Equity : -0.37 (As of Dec. 2023)


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What is Indoor Harvest Debt-to-Equity?

Indoor Harvest's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.47 Mil. Indoor Harvest's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.00 Mil. Indoor Harvest's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-1.29 Mil. Indoor Harvest's debt to equity for the quarter that ended in Dec. 2023 was -0.37.

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

INQD's Debt-to-Equity is not ranked *
in the Drug Manufacturers industry.
Industry Median: 0.28
* Ranked among companies with meaningful Debt-to-Equity only.

Indoor Harvest Debt-to-Equity Historical Data

The historical data trend for Indoor Harvest'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.

Indoor Harvest Debt-to-Equity Chart

Indoor Harvest Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.21 - - - -0.37

Indoor Harvest Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 - - -4.08 -1.44 -0.37

Competitive Comparison of Indoor Harvest's Debt-to-Equity

For the Drug Manufacturers - Specialty & Generic subindustry, Indoor Harvest'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.

Indoor Harvest's Debt-to-Equity Distribution in the Drug Manufacturers Industry

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

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


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Indoor Harvest Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Indoor Harvest's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
=(0.471 + 0) / -1.29
=-0.37

Indoor Harvest's Debt to Equity Ratio for the quarter that ended in Dec. 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
=(0.471 + 0) / -1.29
=-0.37

* 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.

Indoor Harvest  (OTCPK:INQD) 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.

Indoor Harvest Debt-to-Equity Related Terms

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

Indoor Harvest Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Indoor Harvest Corp (OTCPK:INQD) » Definitions » Debt-to-Equity
Comparable Companies
LSDIF ZTS XTER:MRK NSE:SUNPHARMA LSE:HLN TSE:4502 XSWX:GALD XTAE:TEVA NSE:DIVISLAB XSWX:SDZ VTRS SZSE:000538 NBIX HKSE:03692 NSE:TORNTPHARM BOM:543904 BOM:500124 TSE:4507 BOM:532321 CTLT
Traded in Other Exchanges
N/A
Address
7401 W. Slaughter Lane, Suite 5078, Austin, TX, USA, 78739
Website
https://www.indoorharvest.com
Indoor Harvest Corp develops, process, and provide cannabis medicines. The company provides cannabis industry production platforms for building integrated agriculture (BIA) production. It focuses on Genetics, Tissue Culture, Controlled Environment Ag technologies, including high-pressure Aeroponic Cultivation, Micropropagation, and Cultivation operations. It focuses on an integrated consolidation platform offering for cannabis industry companies focused on hemp, other hemp-related products, CBD, CPG, and ancillary business verticals.
Executives
Daniel Patrick Weadock director, officer: Chief Executive Officer C/O INDOOR HARVEST CORP, 5300 EAST FREEWAY, SUITE A, HOUSTON TX 77020
Benjamin Godoy Coleman 10 percent owner 8518 PEGASUS DR, SELMA TX 78154
Lang Coleman director 8518 PEGASUS DR, SELMA TX 78154
Sandra Fowler officer: Chief Marketing Officer C/O INDOOR HARVEST CORP., 5300 EAST FREEWAY, SUITE A, HOUSTON TX 77020
Sykes Chad Colin director, 10 percent owner, officer: CEO 14830 FOREST LODGE DR., HOUSTON TX 77070
Pawel Hardej director 6304 INDIAN CANYON DR., AUSTIN TX 78746
William Jamieson director PO BOX 47700, PHOENIX AZ 85068
John Alexander Zimmerman director 10258 TIMBER TRAIL DR., DALLAS TX 75229
John Choo director, officer: President 4 NANAIMO DR., OTTAWA A6 K2H 6X5
Annette Lee Knebel director, officer: Chief Accounting Officer C/O INDOOR HARVEST CORP., 5300 EAST FREEWAY, SUITE A, HOUSTON TX 77020
Richard A. Gutshall director, officer: Interim CEO and CFO 7716 ORISHA DRIVE, AUSTIN TX 78739
John Irving Seckman director P.O BOX 3009, IDAHO SPRINGS CO 80452