CanadaBis Capital (TSXV:CANB) Debt-to-Equity : 0.71 (As of Jan. 2025)

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What is CanadaBis Capital Debt-to-Equity?

CanadaBis Capital's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2025 was C$2.13 Mil. CanadaBis Capital's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2025 was C$3.82 Mil. CanadaBis Capital's Total Stockholders Equity for the quarter that ended in Jan. 2025 was C$8.42 Mil. CanadaBis Capital's debt to equity for the quarter that ended in Jan. 2025 was 0.71.

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 CanadaBis Capital's Debt-to-Equity or its related term are showing as below:

TSXV:CANB' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.66 Med: 1.82 Max: 5.59
Current: 0.71

During the past 9 years, the highest Debt-to-Equity Ratio of CanadaBis Capital was 5.59. The lowest was 0.66. And the median was 1.82.

TSXV:CANB's Debt-to-Equity is ranked worse than
77.45% of 816 companies
in the Drug Manufacturers industry
Industry Median: 0.28 vs TSXV:CANB: 0.71

CanadaBis Capital Debt-to-Equity Historical Data

The historical data trend for CanadaBis Capital'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.

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CanadaBis Capital Debt-to-Equity Chart

CanadaBis Capital Annual Data

Trend

Nov16

Dec17

Dec18

Jul19

Jul20

Jul21

Jul22

Jul23

Jul24

Debt-to-Equity

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1.82

4.88

3.08

1.01

0.81

CanadaBis Capital Quarterly Data
	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24	Jan25
Debt-to-Equity	Get a 7-Day Free Trial															0.81	0.80	0.81	0.76	0.71

Competitive Comparison of CanadaBis Capital's Debt-to-Equity

For the Drug Manufacturers - Specialty & Generic subindustry, CanadaBis Capital'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.

CanadaBis Capital's Debt-to-Equity Distribution in the Drug Manufacturers Industry

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

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

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CanadaBis Capital Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

CanadaBis Capital'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
	=	(1.912	+	4.529)	/	8.003
	=	0.80

CanadaBis Capital's Debt to Equity Ratio for the quarter that ended in Jan. 2025 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
	=	(2.13	+	3.815)	/	8.421
	=	0.71

CanadaBis Capital (TSXV:CANB) 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.

CanadaBis Capital Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of CanadaBis Capital's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

CanadaBis Capital Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » CanadaBis Capital Inc (TSXV:CANB) » Definitions » Debt-to-Equity

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Traded in Other Exchanges

CNADF:USA

Address

255C Clearview Drive, Red Deer County, Red Deer, AB, CAN, T4E 3B6

Website

http://www.canadabis.com

CanadaBis Capital Inc is a vertically integrated cannabis company. The firm engages in the production and sale of recreational cannabis. Its product line consists of Stigma Roots. It operates in three segments: wholesale, retail, and extract. The wholesale segment cultivates and distributes cannabis and cannabis products to and through, provincial liquor and cannabis boards. Retail segment involves sale of cannabis and cannabis-related products to end consumers on-premises owned and operated by the Company. Extract segment provides cannabinoid extraction services to other licensed producers. The company generates maximum of its revenue from Extract Segment.

Executives