Greenfern Industries (NZSE:GFI) Debt-to-Equity : 0.63 (As of Sep. 2024)

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What is Greenfern Industries Debt-to-Equity?

Greenfern Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was NZ$0.87 Mil. Greenfern Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was NZ$0.00 Mil. Greenfern Industries's Total Stockholders Equity for the quarter that ended in Sep. 2024 was NZ$1.38 Mil. Greenfern Industries's debt to equity for the quarter that ended in Sep. 2024 was 0.63.

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 Greenfern Industries's Debt-to-Equity or its related term are showing as below:

NZSE:GFI' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.19 Med: 0.23 Max: 0.63
Current: 0.63

During the past 3 years, the highest Debt-to-Equity Ratio of Greenfern Industries was 0.63. The lowest was 0.19. And the median was 0.23.

NZSE:GFI's Debt-to-Equity is ranked worse than
74.61% of 827 companies
in the Drug Manufacturers industry
Industry Median: 0.27 vs NZSE:GFI: 0.63

Greenfern Industries Debt-to-Equity Historical Data

The historical data trend for Greenfern Industries'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.

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Greenfern Industries Debt-to-Equity Chart

Greenfern Industries Annual Data

Trend

Mar22

Mar23

Mar24

Debt-to-Equity

0.20

0.44

Greenfern Industries Semi-Annual Data
	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial			0.23	0.20	0.19	0.44	0.63

Competitive Comparison of Greenfern Industries's Debt-to-Equity

For the Drug Manufacturers - Specialty & Generic subindustry, Greenfern Industries'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.

Greenfern Industries's Debt-to-Equity Distribution in the Drug Manufacturers Industry

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

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

Greenfern Industries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Greenfern Industries's Debt to Equity Ratio for the fiscal year that ended in Mar. 2024 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
	=	(0.854	+	0)	/	1.931
	=	0.44

Greenfern Industries's Debt to Equity Ratio for the quarter that ended in Sep. 2024 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
	=	(0.865	+	0)	/	1.382
	=	0.63

Greenfern Industries (NZSE:GFI) 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.

Greenfern Industries Debt-to-Equity Related Terms

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Greenfern Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Greenfern Industries Ltd (NZSE:GFI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

17 Albert Street, Level 8, Auckland, NTL, NZL, 1040

Website

https://www.gfi.nz

Greenfern Industries Ltd is committed to the environmentally friendly production of medicinal cannabis and hemp-based products. It operates in two segments, Cannabis and therapeutics products the operations of this segment reflect the activities of manufacture and distribution of cannabis products, Electricity generation this segment includes the generation and distribution of electricity. The hemp seed and its by-products are used for a range of different products from a high protein ingredient in a plant-based meat substitute, a hemp-based skincare range, and hemp-based beverages amongst other things.