Rubicon Organics (Rubicon Organics) Debt-to-Equity : 0.29 (As of Mar. 2024)

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What is Rubicon Organics Debt-to-Equity?

Rubicon Organics's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $7.92 Mil. Rubicon Organics's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.06 Mil. Rubicon Organics's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $27.12 Mil. Rubicon Organics's debt to equity for the quarter that ended in Mar. 2024 was 0.29.

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 Rubicon Organics's Debt-to-Equity or its related term are showing as below:

ROMJF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.13 Med: 0.27 Max: 0.94
Current: 0.29

During the past 8 years, the highest Debt-to-Equity Ratio of Rubicon Organics was 0.94. The lowest was 0.13. And the median was 0.27.

ROMJF's Debt-to-Equity is ranked better than
50.77% of 845 companies
in the Drug Manufacturers industry
Industry Median: 0.3 vs ROMJF: 0.29

Rubicon Organics Debt-to-Equity Historical Data

The historical data trend for Rubicon Organics'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.

Rubicon Organics Debt-to-Equity Chart

Rubicon Organics Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.72

0.49

0.25

0.27

N/A

Rubicon Organics Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.28	0.27	0.29	N/A	0.29

Competitive Comparison of Rubicon Organics's Debt-to-Equity

For the Drug Manufacturers - Specialty & Generic subindustry, Rubicon Organics'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.

Rubicon Organics's Debt-to-Equity Distribution in the Drug Manufacturers Industry

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

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

Rubicon Organics Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Rubicon Organics's Debt to Equity Ratio for the fiscal year 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
	=	(0	+	0)	/	N/A
	=	N/A

Rubicon Organics's Debt to Equity Ratio for the quarter 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
	=	(7.92	+	0.055)	/	27.117
	=	0.29

Rubicon Organics (OTCPK:ROMJF) 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.

Rubicon Organics Debt-to-Equity Related Terms

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Rubicon Organics (Rubicon Organics) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Rubicon Organics Inc (OTCPK:ROMJF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

R07:Germany ROMJ:Canada

Address

744 West Hastings Street, Unit 505, Vancouver, BC, CAN, V6C 1A5

Website

https://www.rubiconorganics.com

Rubicon Organics Inc is engaged in the business of the production and sale of cannabis in Canada. The Company produces and processes organic cannabis at its wholly-owned, federally licensed facility in Delta, British Columbia which it sells under its wholly owned and other licensed brands such as Lab Theory, Wildflower, Homestead Cannabis Supply, 1964 Supply Co, and Simply Bare Organic.