LIMX (Limitless X Holdings) Debt-to-Equity : -0.43 (As of Sep. 2024)

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What is Limitless X Holdings Debt-to-Equity?

Limitless X Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $5.96 Mil. Limitless X Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $0.00 Mil. Limitless X Holdings's Total Stockholders Equity for the quarter that ended in Sep. 2024 was $-13.86 Mil. Limitless X Holdings's debt to equity for the quarter that ended in Sep. 2024 was -0.43.

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 Limitless X Holdings's Debt-to-Equity or its related term are showing as below:

LIMX' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.98 Med: -0.43 Max: 0.15
Current: -0.43

During the past 13 years, the highest Debt-to-Equity Ratio of Limitless X Holdings was 0.15. The lowest was -0.98. And the median was -0.43.

LIMX's Debt-to-Equity is not ranked
in the Consumer Packaged Goods industry.
Industry Median: 0.38 vs LIMX: -0.43

Limitless X Holdings Debt-to-Equity Historical Data

The historical data trend for Limitless X Holdings'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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Limitless X Holdings Debt-to-Equity Chart

Limitless X Holdings Annual Data

Trend

Jun02

Jun03

Jun04

Jun05

Jun06

Jun07

Jun08

Dec21

Dec22

Dec23

Debt-to-Equity

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0.15

-0.88

-0.18

Limitless X Holdings Quarterly Data
	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															-0.77	-0.18	-0.42	-0.40	-0.43

Competitive Comparison of Limitless X Holdings's Debt-to-Equity

For the Packaged Foods subindustry, Limitless X Holdings'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.

Limitless X Holdings's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Limitless X Holdings's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Limitless X Holdings's Debt-to-Equity falls into.

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Limitless X Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Limitless X Holdings'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
	=	(5.267	+	0)	/	-29.844
	=	-0.18

Limitless X Holdings's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(5.957	+	0)	/	-13.863
	=	-0.43

Limitless X Holdings (OTCPK:LIMX) 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.

Limitless X Holdings Debt-to-Equity Related Terms

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Limitless X Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Limitless X Holdings Inc (OTCPK:LIMX) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

9454 Wilshire Boulevard, Suite 300, Beverly Hills, CA, USA, 90212

Website

https://www.limitlessx.com

Limitless X Holdings Inc is a lifestyle brand, focused in the health and wellness industry. Initially, the Company focused on nutritional supplements, wellness studies, and interactive training videos and has since focused its business on performance marketing, sales of digital services, and sales of products. The Company operates in the following product and service sectors: (i) health products and (ii) digital marketing services. The health products sector included the sales of health products in two primary vertical markets: (1) health & wellness; and (2) beauty & skincare. The digital marketing service sector includes digital marketing; digital and print design; social media marketing; and direct-to-consumer marketing.