VGGIF (Boosh Plant-Based Brands) Debt-to-Equity: -0.17 (As of Dec. 2023)

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What is Boosh Plant-Based Brands Debt-to-Equity?

Boosh Plant-Based Brands VGGIF -99.96% Debt-to-Equity is -0.17 as of Dec. 2023.

Boosh Plant-Based Brands's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.42 Mil. Boosh Plant-Based Brands's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0.19 Mil. Boosh Plant-Based Brands's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $-3.61 Mil. Boosh Plant-Based Brands's debt to equity for the quarter that ended in Dec. 2023 was -0.17.

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 Boosh Plant-Based Brands's Debt-to-Equity or its related term are showing as below:

VGGIF's Debt-to-Equity is not ranked *
in the Consumer Packaged Goods industry.
Industry Median: 0.41
* Ranked among companies with meaningful Debt-to-Equity only.

Boosh Plant-Based Brands  (OTCPK:VGGIF) 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.

Boosh Plant-Based Brands Debt-to-Equity Related Terms

Boosh Plant-Based Brands Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Boosh Plant-Based Brands'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.

Boosh Plant-Based Brands Debt-to-Equity Chart

Boosh Plant-Based Brands Annual Data
Trend Mar20 Mar21 Mar22 Mar23
Debt-to-Equity
0.00 -1.32 0.07 -0.21

Boosh Plant-Based Brands Quarterly Data
Mar20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 0.14 -0.21 -0.19 -0.18 -0.17

VGGIF vs NXMH, NBND, YCRM: Debt-to-Equity Comparison

For the Packaged Foods subindustry, Boosh Plant-Based Brands'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.

Boosh Plant-Based Brands Debt-to-Equity vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Boosh Plant-Based Brands's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Boosh Plant-Based Brands's Debt-to-Equity falls into.


Boosh Plant-Based Brands Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Boosh Plant-Based Brands's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
=(0.416 + 0.19) / -2.895
=-0.21

Boosh Plant-Based Brands's Debt to Equity Ratio for the quarter 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
=(0.42 + 0.19) / -3.608
=-0.17

* 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 -0.17 mean?
Boosh Plant-Based Brands (VGGIF) has a Debt-to-Equity of -0.17 as of Dec. 2023. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Boosh Plant-Based Brands and its competitors.
Is Boosh Plant-Based Brands' Debt-to-Equity too high?
Boosh Plant-Based Brands' current Debt-to-Equity is -0.17.
How does Boosh Plant-Based Brands' Debt-to-Equity compare to NXMH and NBND?
Boosh Plant-Based Brands' Debt-to-Equity of -0.17 can be compared against companies in the Consumer Packaged Goods industry. The industry median Debt-to-Equity is 0.41. 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 Consumer Packaged Goods company?
The median Debt-to-Equity among Consumer Packaged Goods companies is 0.41, based on 1,743 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 Boosh Plant-Based Brands and its competitors. For the Consumer Packaged Goods industry, the median Debt-to-Equity is 0.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Boosh Plant-Based Brands's current Debt-to-Equity is -0.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Boosh Plant-Based Brands stock overvalued right now?
Boosh Plant-Based Brands (VGGIF) has a current Debt-to-Equity of -0.17. The current Debt-to-Equity is -0.17. 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 Boosh Plant-Based Brands (VGGIF), the current Debt-to-Equity is -0.17 as of Dec. 2023. 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.

Boosh Plant-Based Brands Business Description

Address 176 Street, Suite 103-6554, Surrey, BC, CAN, V3S 4G5
Boosh Plant-Based Brands Inc operates as a plant-based ready-to-eat food company. It distributes and sells plant-based frozen meals to grocery outlets and independent grocery stores throughout Canada. The company's segment includes Corporate; Snacks; Entrees and Appetizers. It generates maximum revenue from the Snacks segment.