TGSHF (Mercanto Holdings) Debt-to-Equity : 0.02 (As of Oct. 2024)

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What is Mercanto Holdings Debt-to-Equity?

Mercanto Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2024 was $0.01 Mil. Mercanto Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2024 was $0.00 Mil. Mercanto Holdings's Total Stockholders Equity for the quarter that ended in Oct. 2024 was $0.39 Mil. Mercanto Holdings's debt to equity for the quarter that ended in Oct. 2024 was 0.02.

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

TGSHF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.14 Max: 0.33
Current: 0.02

During the past 4 years, the highest Debt-to-Equity Ratio of Mercanto Holdings was 0.33. The lowest was 0.02. And the median was 0.14.

TGSHF's Debt-to-Equity is ranked better than
92.6% of 824 companies
in the Drug Manufacturers industry
Industry Median: 0.28 vs TGSHF: 0.02

Mercanto Holdings Debt-to-Equity Historical Data

The historical data trend for Mercanto 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.

Mercanto Holdings Debt-to-Equity Chart

Mercanto Holdings Annual Data

Trend

Jul21

Jul22

Jul23

Jul24

Debt-to-Equity

0.14

0.27

0.16

0.03

Mercanto Holdings Quarterly Data
	Mar20	Mar21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
Debt-to-Equity	Get a 7-Day Free Trial											0.13	0.11	0.03	0.03	0.02

Competitive Comparison of Mercanto Holdings's Debt-to-Equity

For the Drug Manufacturers - Specialty & Generic subindustry, Mercanto 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.

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

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

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

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Mercanto Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mercanto Holdings's Debt to Equity Ratio for the fiscal year that ended in Jul. 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
	=	(0.013	+	0)	/	0.425
	=	0.03

Mercanto Holdings's Debt to Equity Ratio for the quarter that ended in Oct. 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
	=	(0.009	+	0)	/	0.39
	=	0.02

Mercanto Holdings (OTCPK:TGSHF) 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.

Mercanto Holdings Debt-to-Equity Related Terms

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Mercanto Holdings Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

MUSH:Canada

Address

324 Marie-Curie, Vaudreuil, QC, CAN, J7V 5V5

Website

https://www.mercantoholdings.com

Mercanto Holdings Inc operates a portfolio of brands that include traditional cannabis and beverage products. The company exists to promote the use of mushrooms through its brands; The company offers quality products that promote health, recreation, and well-being. The portfolio of the company includes different cannabis products, probiotic, functional mushroom beverages, and others.