OPTHF (Optimi Health) Debt-to-Equity : 0.32 (As of Dec. 2024)

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What is Optimi Health Debt-to-Equity?

Optimi Health's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was $0.70 Mil. Optimi Health's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was $1.26 Mil. Optimi Health's Total Stockholders Equity for the quarter that ended in Dec. 2024 was $6.06 Mil. Optimi Health's debt to equity for the quarter that ended in Dec. 2024 was 0.32.

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 Optimi Health's Debt-to-Equity or its related term are showing as below:

OPTHF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.01 Max: 0.32
Current: 0.32

During the past 5 years, the highest Debt-to-Equity Ratio of Optimi Health was 0.32. The lowest was 0.01. And the median was 0.01.

OPTHF's Debt-to-Equity is ranked worse than
54.09% of 819 companies
in the Drug Manufacturers industry
Industry Median: 0.28 vs OPTHF: 0.32

Optimi Health Debt-to-Equity Historical Data

The historical data trend for Optimi Health'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.

Optimi Health Debt-to-Equity Chart

Optimi Health Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Sep24

Debt-to-Equity

0.03

0.01

0.13

0.29

Optimi Health Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Sep24	Dec24
Debt-to-Equity	Get a 7-Day Free Trial												0.13	0.22	0.24	0.29	0.32

Competitive Comparison of Optimi Health's Debt-to-Equity

For the Drug Manufacturers - Specialty & Generic subindustry, Optimi Health'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.

Optimi Health's Debt-to-Equity Distribution in the Drug Manufacturers Industry

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

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

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Optimi Health Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Optimi Health's Debt to Equity Ratio for the fiscal year 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
	=	(0.733	+	1.299)	/	7.069
	=	0.29

Optimi Health's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(0.702	+	1.256)	/	6.064
	=	0.32

Optimi Health (OTCPK:OPTHF) 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.

Optimi Health Debt-to-Equity Related Terms

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Optimi Health Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Optimi Health Corp (OTCPK:OPTHF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

8BN:Germany OPTI:Canada

Address

21 Water Street, Suite 600, Vancouver, BC, CAN, V6B 1A1

Website

https://www.optimihealth.ca

Optimi Health Corp operates in developing a vertically integrated Canadian functional mushroom brand that focuses on the health and wellness sector. The company has one reportable operating segment being that of the farming, processing, and distribution of raw mushroom biomass. It also intends to cultivate, extract, process, and distribute strains of fungi products at its facilities located in Princeton, British Columbia.