PlantX Life (PlantX Life) Debt-to-Equity : -1.36 (As of Dec. 2023)

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What is PlantX Life Debt-to-Equity?

PlantX Life's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $2.56 Mil. PlantX Life's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $8.78 Mil. PlantX Life's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-8.36 Mil. PlantX Life's debt to equity for the quarter that ended in Dec. 2023 was -1.36.

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 PlantX Life's Debt-to-Equity or its related term are showing as below:

PLTXD' s Debt-to-Equity Range Over the Past 10 Years
Min: -8.34 Med: -0.82 Max: 0.08
Current: -1.36

During the past 5 years, the highest Debt-to-Equity Ratio of PlantX Life was 0.08. The lowest was -8.34. And the median was -0.82.

PLTXD's Debt-to-Equity is not ranked
in the Retail - Cyclical industry.
Industry Median: 0.61 vs PLTXD: -1.36

PlantX Life Debt-to-Equity Historical Data

The historical data trend for PlantX Life'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.

PlantX Life Debt-to-Equity Chart

PlantX Life Annual Data

Trend

Jul19

Jul20

Mar21

Mar22

Mar23

Debt-to-Equity

0.01

-8.34

-0.82

PlantX Life Quarterly Data
	Jul19	Mar20	Jul20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial											-1.07	-0.82	-0.76	-1.10	-1.36

Competitive Comparison of PlantX Life's Debt-to-Equity

For the Internet Retail subindustry, PlantX Life'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.

PlantX Life's Debt-to-Equity Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, PlantX Life's Debt-to-Equity distribution charts can be found below:

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

PlantX Life Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

PlantX Life's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(1.039	+	9.719)	/	-13.087
	=	-0.82

PlantX Life's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(2.564	+	8.781)	/	-8.356
	=	-1.36

PlantX Life (OTCPK:PLTXD) 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.

PlantX Life Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of PlantX Life's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

PlantX Life (PlantX Life) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » PlantX Life Inc (OTCPK:PLTXD) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

WNT0:Germany VEGA:Canada

Address

100 Park Royal South, Suite 504, West Vancouver, Vancouver, BC, CAN, V7T 1A2

Website

https://www.plantx.com

PlantX Life Inc is a digital-based, one-stop-shop, and distribution company with a fast-growing database with a plan to offer customers across North America. The company's operating segment includes Vegaste, PlantX Living Inc, Bloombox, Score (Squamish), Israel, Little West, Plant-Based Deli, New Deli, PlantX UK, PlantX Nevada, EH Coffee, Portfolio Coffee, and PlantX Midwest. The company uses its digital platform to build a community of like-minded consumers, and most importantly, provide education. Its successful enterprise is being built and fortified on partnerships with top nutritionists, chefs, and brands. It has a presence in the United States, United Kingdom, Canada, Israel, and Germany.