Shiny Health & Wellness (TSXV:SNYB) Debt-to-Equity : -2.18 (As of Oct. 2023)

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What is Shiny Health & Wellness Debt-to-Equity?

Shiny Health & Wellness's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was C$5.09 Mil. Shiny Health & Wellness's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2023 was C$6.00 Mil. Shiny Health & Wellness's Total Stockholders Equity for the quarter that ended in Oct. 2023 was C$-5.09 Mil. Shiny Health & Wellness's debt to equity for the quarter that ended in Oct. 2023 was -2.18.

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 Shiny Health & Wellness's Debt-to-Equity or its related term are showing as below:

TSXV:SNYB' s Debt-to-Equity Range Over the Past 10 Years
Min: -2.18 Med: 1.08 Max: 64.26
Current: -2.18

During the past 2 years, the highest Debt-to-Equity Ratio of Shiny Health & Wellness was 64.26. The lowest was -2.18. And the median was 1.08.

TSXV:SNYB's Debt-to-Equity is not ranked
in the Healthcare Providers & Services industry.
Industry Median: 0.47 vs TSXV:SNYB: -2.18

Shiny Health & Wellness Debt-to-Equity Historical Data

The historical data trend for Shiny Health & Wellness'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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Shiny Health & Wellness Debt-to-Equity Chart

Shiny Health & Wellness Annual Data

Trend

Jan22

Jan23

Debt-to-Equity

0.84

5.32

Shiny Health & Wellness Quarterly Data
	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Debt-to-Equity	Get a 7-Day Free Trial						1.14	5.32	6.84	64.26	-2.18

Competitive Comparison of Shiny Health & Wellness's Debt-to-Equity

For the Pharmaceutical Retailers subindustry, Shiny Health & Wellness'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.

Shiny Health & Wellness's Debt-to-Equity Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Shiny Health & Wellness's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Shiny Health & Wellness's Debt-to-Equity falls into.

Shiny Health & Wellness Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Shiny Health & Wellness's Debt to Equity Ratio for the fiscal year that ended in Jan. 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
	=	(5.197	+	10.817)	/	3.008
	=	5.32

Shiny Health & Wellness's Debt to Equity Ratio for the quarter that ended in Oct. 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
	=	(5.094	+	6.002)	/	-5.085
	=	-2.18

Shiny Health & Wellness (TSXV:SNYB) 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.

Shiny Health & Wellness Debt-to-Equity Related Terms

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Shiny Health & Wellness (TSXV:SNYB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Shiny Health & Wellness Corp (TSXV:SNYB) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

22 Frederick Street, Suite 700, Kitchener, ON, CAN, N2H 6M6

Website

https://www.shinybud.com

Shiny Health & Wellness Corp is on a mission to help people never settle, live fully by being a trusted source for health and wellness solutions and services. The company broadened its retail growth strategy beyond adult-use cannabis by establishing mihi Health & Wellness, a new line of business focused on building a network of community pharmacies across Ontario. It also operates ShinyBud Cannabis Co., a well-established brand in Ontario strategically located in markets less saturated with cannabis retailers.

Shiny Health & Wellness (TSXV:SNYB) Headlines

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