MTL Cannabis (STU:J4E) Debt-to-Equity : 3.07 (As of Sep. 2023)

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What is MTL Cannabis Debt-to-Equity?

MTL Cannabis's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was €13.37 Mil. MTL Cannabis's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was €14.00 Mil. MTL Cannabis's Total Stockholders Equity for the quarter that ended in Sep. 2023 was €8.92 Mil. MTL Cannabis's debt to equity for the quarter that ended in Sep. 2023 was 3.07.

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 MTL Cannabis's Debt-to-Equity or its related term are showing as below:

STU:J4E' s Debt-to-Equity Range Over the Past 10 Years
Min: 2.52 Med: 6.42 Max: 13.92
Current: 3.07

During the past 3 years, the highest Debt-to-Equity Ratio of MTL Cannabis was 13.92. The lowest was 2.52. And the median was 6.42.

STU:J4E's Debt-to-Equity is ranked worse than
97.22% of 36 companies
in the Tobacco Products industry
Industry Median: 0.245 vs STU:J4E: 3.07

MTL Cannabis Debt-to-Equity Historical Data

The historical data trend for MTL Cannabis'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.

MTL Cannabis Debt-to-Equity Chart

MTL Cannabis Annual Data

Trend

Mar21

Mar22

Mar23

Debt-to-Equity

6.42

2.52

12.58

MTL Cannabis Quarterly Data
	Mar21	Mar22	Jun22	Sep22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial			N/A	12.58	13.91	3.07	N/A

Competitive Comparison of MTL Cannabis's Debt-to-Equity

For the Tobacco subindustry, MTL Cannabis'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.

MTL Cannabis's Debt-to-Equity Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, MTL Cannabis's Debt-to-Equity distribution charts can be found below:

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

MTL Cannabis Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

MTL Cannabis'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
	=	(5.327	+	7.902)	/	1.052
	=	12.58

MTL Cannabis's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(13.373	+	14.003)	/	8.918
	=	3.07

MTL Cannabis (STU:J4E) 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.

MTL Cannabis Debt-to-Equity Related Terms

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MTL Cannabis (STU:J4E) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » MTL Cannabis Corp (STU:J4E) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

J4E:Germany MTLC:Canada

Address

1773 Bayly Street, Pickering, ON, CAN, L1W 2Y7

Website

https://www.mtlcannabis.ca

MTL Cannabis Corp is a flower-first company built for the modern street, MTL Cannabis uses proprietary hydroponic growing methodologies supported by handcrafted techniques to produce products that are truly crafted for the masses. The company focuses on craft quality cannabis products, including lines of dried flower, pre-rolls and hash marketed under the MTL Cannabis, Low Key by MTL and R'belle brands for the Canadian market through nine distribution arrangements with various provincial cannabis distributors. It has also developed a number of export channels for bulk and unbranded GACP quality cannabis.

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