Vertical Peak Holdings (Vertical Peak Holdings) Debt-to-Equity : -1.20 (As of Apr. 2023)

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What is Vertical Peak Holdings Debt-to-Equity?

Vertical Peak Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Apr. 2023 was $8.71 Mil. Vertical Peak Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Apr. 2023 was $0.21 Mil. Vertical Peak Holdings's Total Stockholders Equity for the quarter that ended in Apr. 2023 was $-7.43 Mil. Vertical Peak Holdings's debt to equity for the quarter that ended in Apr. 2023 was -1.20.

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 Vertical Peak Holdings's Debt-to-Equity or its related term are showing as below:

SPLIF's Debt-to-Equity is not ranked ^*
in the Drug Manufacturers industry.
Industry Median: 0.29
* Ranked among companies with meaningful Debt-to-Equity only.

Vertical Peak Holdings Debt-to-Equity Historical Data

The historical data trend for Vertical Peak Holdings'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.

Vertical Peak Holdings Debt-to-Equity Chart

Vertical Peak Holdings Annual Data

Trend

Jul13

Jul14

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Debt-to-Equity

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0.71

-2.03

-0.59

-1.19

-1.84

Vertical Peak Holdings Quarterly Data
	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23
Debt-to-Equity	Get a 7-Day Free Trial															4.08	-1.84	-1.46	-1.32	-1.20

Competitive Comparison of Vertical Peak Holdings's Debt-to-Equity

For the Drug Manufacturers - Specialty & Generic subindustry, Vertical Peak Holdings'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.

Vertical Peak Holdings's Debt-to-Equity Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Vertical Peak Holdings's Debt-to-Equity falls into.

Vertical Peak Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Vertical Peak Holdings's Debt to Equity Ratio for the fiscal year that ended in Jul. 2022 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
	=	(8.921	+	0.434)	/	-5.094
	=	-1.84

Vertical Peak Holdings's Debt to Equity Ratio for the quarter that ended in Apr. 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
	=	(8.705	+	0.206)	/	-7.426
	=	-1.20

Vertical Peak Holdings (OTCPK:SPLIF) 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.

Vertical Peak Holdings Debt-to-Equity Related Terms

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Vertical Peak Holdings (Vertical Peak Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Vertical Peak Holdings Inc (OTCPK:SPLIF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

77 King Street West, Suite 2905, P.O. Box 121, Toronto, ON, CAN, M5K 1H1

Website

https://www.high-fusion.com

Vertical Peak Holdings Inc is focused on developing and manufacturing branded products in the cannabis industry with a specific focus on flower, pre-rolls, vapes, edibles and oil extracts for medical and adult recreational use. Vertical Peak operates and controls licenses in California, which include manufacturing, retail and cultivation operations in California. Vertical Peak's main portfolio includes the OutCo and Thrive brands that it acquired in 2021 pursuant to the acquisition of the business of OutCo.