Grey Wolf Animal Health (TSXV:WOLF) Debt-to-Equity : 0.37 (As of Jun. 2024)

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What is Grey Wolf Animal Health Debt-to-Equity?

Grey Wolf Animal Health's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was C$1.16 Mil. Grey Wolf Animal Health's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was C$8.26 Mil. Grey Wolf Animal Health's Total Stockholders Equity for the quarter that ended in Jun. 2024 was C$25.80 Mil. Grey Wolf Animal Health's debt to equity for the quarter that ended in Jun. 2024 was 0.37.

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 Grey Wolf Animal Health's Debt-to-Equity or its related term are showing as below:

TSXV:WOLF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.37 Med: 0.41 Max: 5.9
Current: 0.37

During the past 3 years, the highest Debt-to-Equity Ratio of Grey Wolf Animal Health was 5.90. The lowest was 0.37. And the median was 0.41.

TSXV:WOLF's Debt-to-Equity is ranked better than
67.42% of 89 companies
in the Personal Services industry
Industry Median: 0.69 vs TSXV:WOLF: 0.37

Grey Wolf Animal Health Debt-to-Equity Historical Data

The historical data trend for Grey Wolf Animal Health'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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Grey Wolf Animal Health Debt-to-Equity Chart

Grey Wolf Animal Health Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Equity

5.90

0.46

0.40

Grey Wolf Animal Health Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Debt-to-Equity	Get a 7-Day Free Trial						0.42	0.40	0.40	0.38	0.37

Competitive Comparison of Grey Wolf Animal Health's Debt-to-Equity

For the Personal Services subindustry, Grey Wolf Animal Health'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.

Grey Wolf Animal Health's Debt-to-Equity Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Grey Wolf Animal Health's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Grey Wolf Animal Health's Debt-to-Equity falls into.

Grey Wolf Animal Health Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Grey Wolf Animal Health's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(1.135	+	8.785)	/	25.09
	=	0.40

Grey Wolf Animal Health's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(1.16	+	8.261)	/	25.803
	=	0.37

Grey Wolf Animal Health (TSXV:WOLF) 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.

Grey Wolf Animal Health Debt-to-Equity Related Terms

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Grey Wolf Animal Health Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Grey Wolf Animal Health Corp (TSXV:WOLF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

100 King Street West, Suite 6000, 1 First Canadian Place,, Toronto, ON, CAN, M5X 1E2

Website

https://www.greywolfah.com

Grey Wolf Animal Health Corp operates as an animal health company. It focuses on improving the lives and well-being of vets and pets in Canada. It has two reportable operating segments: the Animal Health business unit selling, marketing, and distributing pharmaceutical, nutraceutical, and consumable products to veterinary clinics across Canada. and the Pharmacy business unit compounds pharmaceuticals, for equine use but also the bio-identical hormone replacement therapy market, all based on prescriptions received from veterinarians, physicians, and patients.

Executives