THCT (THC Therapeutics) Debt-to-Equity: -0.19 (As of Jul. 2024)

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What is THC Therapeutics Debt-to-Equity?

THC Therapeutics THCT Debt-to-Equity is -0.19 as of Jul. 2024.

THC Therapeutics's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jul. 2024 was $0.73 Mil. THC Therapeutics's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jul. 2024 was $0.00 Mil. THC Therapeutics's Total Stockholders Equity for the quarter that ended in Jul. 2024 was $-3.80 Mil. THC Therapeutics's debt to equity for the quarter that ended in Jul. 2024 was -0.19.

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 THC Therapeutics's Debt-to-Equity or its related term are showing as below:

THCT's Debt-to-Equity is not ranked *
in the Drug Manufacturers industry.
Industry Median: 0.28
* Ranked among companies with meaningful Debt-to-Equity only.

THC Therapeutics  (OTCPK:THCT) 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.

THC Therapeutics Debt-to-Equity Related Terms

THC Therapeutics Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for THC Therapeutics'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.

THC Therapeutics Debt-to-Equity Chart

THC Therapeutics Annual Data
Trend Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.25 -0.31 -0.26 -0.22 -0.19

THC Therapeutics Quarterly Data
Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.22 -0.22 -0.19 -0.21 -0.19

THCT vs ZTS, UTHR, NBIX: Debt-to-Equity Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, THC Therapeutics'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.

THC Therapeutics Debt-to-Equity vs Drug Manufacturers Industry

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

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


THC Therapeutics Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

THC Therapeutics'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
=(0.732 + 0) / -3.802
=-0.19

THC Therapeutics's Debt to Equity Ratio for the quarter 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
=(0.732 + 0) / -3.802
=-0.19

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of -0.19 mean?
THC Therapeutics (THCT) has a Debt-to-Equity of -0.19 as of Jul. 2024. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on THC Therapeutics and its competitors.
Is THC Therapeutics' Debt-to-Equity too high?
THC Therapeutics' current Debt-to-Equity is -0.19.
How does THC Therapeutics' Debt-to-Equity compare to ZTS and UTHR?
THC Therapeutics' Debt-to-Equity of -0.19 can be compared against companies in the Drug Manufacturers industry. The industry median Debt-to-Equity is 0.28. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Drug Manufacturers company?
The median Debt-to-Equity among Drug Manufacturers companies is 0.28, based on 815 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on THC Therapeutics and its competitors. For the Drug Manufacturers industry, the median Debt-to-Equity is 0.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. THC Therapeutics's current Debt-to-Equity is -0.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is THC Therapeutics stock overvalued right now?
THC Therapeutics (THCT) has a current Debt-to-Equity of -0.19. The current Debt-to-Equity is -0.19. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For THC Therapeutics (THCT), the current Debt-to-Equity is -0.19 as of Jul. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

THC Therapeutics Business Description

Address 203 S Church Steet, Jacksboro, TX, USA, 76458
Website https://thct.io
THC Therapeutics Inc is a United States-based company. It is focused on developing a sanitizing herb dryer, the dHydronator, which has been specifically designed for the drying and sanitizing i.e., reducing the bacterial count of freshly harvested cannabis, and other herbs, flowers, and tea leaves. The main function of the dHydronator is to accelerate the drying time of an herb while sanitizing it. The dHydronator can be used to dry a variety of herbs, and it has been specifically tested for use with cannabis.