MJNA (Medical Marijuana) Debt-to-Equity: 0.06 (As of Dec. 2017)

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What is Medical Marijuana Debt-to-Equity?

Medical Marijuana MJNA -50.00% Debt-to-Equity is 0.06 as of Dec. 2017.

Medical Marijuana's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2017 was $1.41 Mil. Medical Marijuana's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2017 was $13.43 Mil. Medical Marijuana's Total Stockholders Equity for the quarter that ended in Dec. 2017 was $259.39 Mil. Medical Marijuana's debt to equity for the quarter that ended in Dec. 2017 was 0.06.

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

MJNA'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.

Medical Marijuana  (OTCPK:MJNA) 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.

Medical Marijuana Debt-to-Equity Related Terms

Medical Marijuana Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Medical Marijuana'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.

Medical Marijuana Debt-to-Equity Chart

Medical Marijuana Annual Data
Trend Dec09 Dec10 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Debt-to-Equity
Get a 7-Day Free Trial 0.03 0.19 0.00 0.03 0.06

Medical Marijuana Semi-Annual Data
Dec09 Dec10 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Debt-to-Equity Get a 7-Day Free Trial 0.03 0.19 0.00 0.03 0.06

MJNA vs UPC, ERBB, KAYS: Debt-to-Equity Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Medical Marijuana'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.

Medical Marijuana Debt-to-Equity vs Drug Manufacturers Industry

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

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


Medical Marijuana Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Medical Marijuana's Debt to Equity Ratio for the fiscal year that ended in Dec. 2017 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
=(1.41 + 13.432) / 259.387
=0.06

Medical Marijuana's Debt to Equity Ratio for the quarter that ended in Dec. 2017 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
=(1.41 + 13.432) / 259.387
=0.06

* 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 0.06 mean?
Medical Marijuana (MJNA) has a Debt-to-Equity of 0.06 as of Dec. 2017. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Medical Marijuana and its competitors.
Is Medical Marijuana's Debt-to-Equity too high?
Medical Marijuana's current Debt-to-Equity is 0.06. The Drug Manufacturers industry median Debt-to-Equity is 0.28. Medical Marijuana's value of 0.06 is 78.6% below this industry median.
How does Medical Marijuana's Debt-to-Equity compare to UPC and ERBB?
Medical Marijuana's Debt-to-Equity of 0.06 can be compared against companies in the Drug Manufacturers industry. The industry median Debt-to-Equity is 0.28. Medical Marijuana's value of 0.06 is 78.6% below this benchmark. 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 Drug Manufacturers company?
The median Debt-to-Equity among Drug Manufacturers companies is 0.28, based on 811 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. Medical Marijuana's current Debt-to-Equity of 0.06 is 78.6% below the industry median. 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 Medical Marijuana and its competitors. For the Drug Manufacturers industry, the median Debt-to-Equity is 0.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Medical Marijuana's current Debt-to-Equity is 0.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Medical Marijuana stock overvalued right now?
Medical Marijuana (MJNA) has a current Debt-to-Equity of 0.06. The current Debt-to-Equity is 0.06 and 78.6% below the Drug Manufacturers industry median of 0.28. 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 Medical Marijuana (MJNA), the current Debt-to-Equity is 0.06 as of Dec. 2017. 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.

Medical Marijuana Business Description

Address 2384 La Mirada Drive, Vista, CA, USA, 92081
Medical Marijuana Inc is engaged in the development, sale, and distribution of hemp oil that contains naturally occurring cannabinoids, including cannabidiol and other products containing CBD-rich hemp oil. The company's products are used by pharmaceutical, nutraceutical, and cosmeceutical industries. Some of its products are CBD Capsules, CBD Tinctures, Vaporizers, and Hemp foods among others. The company operates through Retail and Wholesale division; Direct Sales division; and Manufacturing and Production Division.