NGHI (New Green Hemp) Debt-to-Equity: 56.08 (As of Mar. 2019)

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What is New Green Hemp Debt-to-Equity?

New Green Hemp NGHI Debt-to-Equity is 56.08 as of Mar. 2019.

New Green Hemp's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2019 was $1.11 Mil. New Green Hemp's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2019 was $0.35 Mil. New Green Hemp's Total Stockholders Equity for the quarter that ended in Mar. 2019 was $0.03 Mil. New Green Hemp's debt to equity for the quarter that ended in Mar. 2019 was 56.08.

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 New Green Hemp's Debt-to-Equity or its related term are showing as below:

NGHI's Debt-to-Equity is not ranked *
in the Oil & Gas industry.
Industry Median: 0.445
* Ranked among companies with meaningful Debt-to-Equity only.

New Green Hemp  (OTCPK:NGHI) 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.

New Green Hemp Debt-to-Equity Related Terms

New Green Hemp Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for New Green Hemp'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.

New Green Hemp Debt-to-Equity Chart

New Green Hemp Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18
Debt-to-Equity
Get a 7-Day Free Trial 0.43 0.31 0.00 -3.39 -64.96

New Green Hemp Quarterly Data
Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19
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 29.46 -16.44 7.91 -64.96 56.08

NGHI vs PKDSQ, FSNR, ESES: Debt-to-Equity Comparison

For the Oil & Gas Equipment & Services subindustry, New Green Hemp'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.

New Green Hemp Debt-to-Equity vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, New Green Hemp's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where New Green Hemp's Debt-to-Equity falls into.


New Green Hemp Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

New Green Hemp's Debt to Equity Ratio for the fiscal year that ended in Dec. 2018 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
=(1.199 + 0.295) / -0.023
=-64.96

New Green Hemp's Debt to Equity Ratio for the quarter that ended in Mar. 2019 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
=(1.111 + 0.347) / 0.026
=56.08

* 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 56.08 mean?
New Green Hemp (NGHI) has a Debt-to-Equity of 56.08 as of Mar. 2019. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on New Green Hemp and its competitors.
Is New Green Hemp's Debt-to-Equity too high?
New Green Hemp's current Debt-to-Equity is 56.08. The Oil & Gas industry median Debt-to-Equity is 0.45. New Green Hemp's value of 56.08 is 12502.2% above this industry median.
How does New Green Hemp's Debt-to-Equity compare to PKDSQ and FSNR?
New Green Hemp's Debt-to-Equity of 56.08 can be compared against companies in the Oil & Gas industry. The industry median Debt-to-Equity is 0.45. New Green Hemp's value of 56.08 is 12502.2% above 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 an Oil & Gas company?
The median Debt-to-Equity among Oil & Gas companies is 0.45, based on 806 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. New Green Hemp's current Debt-to-Equity of 56.08 is 12502.2% above 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 New Green Hemp and its competitors. For the Oil & Gas industry, the median Debt-to-Equity is 0.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. New Green Hemp's current Debt-to-Equity is 56.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is New Green Hemp stock overvalued right now?
New Green Hemp (NGHI) has a current Debt-to-Equity of 56.08. The current Debt-to-Equity is 56.08 and 12502.2% above the Oil & Gas industry median of 0.45. 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 New Green Hemp (NGHI), the current Debt-to-Equity is 56.08 as of Mar. 2019. 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.

New Green Hemp Business Description

Industry EnergyOil & Gas
Address 4362 Mahan Drive, Tallahassee, FL, USA, 32308
New Green Hemp Incis focused on developing and acquiring businesses that fit into the disruptive business model of Developing, Scaling, and Financing (DSF) within synergistic industries and focused business groups.