CRAFT 1861 Global Holdings (NEOE:HUMN) Debt-to-Equity : -0.01 (As of Sep. 2023)

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What is CRAFT 1861 Global Holdings Debt-to-Equity?

CRAFT 1861 Global Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$1.61 Mil. CRAFT 1861 Global Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$0.20 Mil. CRAFT 1861 Global Holdings's Total Stockholders Equity for the quarter that ended in Sep. 2023 was C$-301.48 Mil. CRAFT 1861 Global Holdings's debt to equity for the quarter that ended in Sep. 2023 was -0.01.

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 CRAFT 1861 Global Holdings's Debt-to-Equity or its related term are showing as below:

NEOE:HUMN' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.22 Med: -0.02 Max: -0.01
Current: -0.01

During the past 4 years, the highest Debt-to-Equity Ratio of CRAFT 1861 Global Holdings was -0.01. The lowest was -0.22. And the median was -0.02.

NEOE:HUMN's Debt-to-Equity is not ranked
in the Drug Manufacturers industry.
Industry Median: 0.29 vs NEOE:HUMN: -0.01

CRAFT 1861 Global Holdings Debt-to-Equity Historical Data

The historical data trend for CRAFT 1861 Global Holdings'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.

CRAFT 1861 Global Holdings Debt-to-Equity Chart

CRAFT 1861 Global Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

-0.10

-0.01

-0.22

-0.06

CRAFT 1861 Global Holdings Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial						-0.02	-0.06	-0.02	-0.02	-0.01

Competitive Comparison of CRAFT 1861 Global Holdings's Debt-to-Equity

For the Drug Manufacturers - Specialty & Generic subindustry, CRAFT 1861 Global Holdings'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.

CRAFT 1861 Global Holdings's Debt-to-Equity Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, CRAFT 1861 Global Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where CRAFT 1861 Global Holdings's Debt-to-Equity falls into.

CRAFT 1861 Global Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

CRAFT 1861 Global Holdings's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(0.591	+	0)	/	-9.495
	=	-0.06

CRAFT 1861 Global Holdings's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(1.614	+	0.202)	/	-301.483
	=	-0.01

CRAFT 1861 Global Holdings (NEOE:HUMN) 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.

CRAFT 1861 Global Holdings Debt-to-Equity Related Terms

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CRAFT 1861 Global Holdings (NEOE:HUMN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » CRAFT 1861 Global Holdings Inc (NEOE:HUMN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

BGPPF:USA

Address

100 Sun Avenue NE, Suite 650, Albuquerque, NM, USA, 87109

Website

https://www.craft1861global.com

CRAFT 1861 Global Holdings Inc is a health and wellness company in the cannabinoid space. The company operates within the non-psychoactive, hemp-derived cannabidiol (CBD) market with consumer-packaged goods containing zero THC.

CRAFT 1861 Global Holdings (NEOE:HUMN) Headlines

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