Atlas Global Brands (XCNQ:ATL) Debt-to-Equity : 2.29 (As of Dec. 2023)

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What is Atlas Global Brands Debt-to-Equity?

Atlas Global Brands's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$21.46 Mil. Atlas Global Brands's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$1.72 Mil. Atlas Global Brands's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$10.11 Mil. Atlas Global Brands's debt to equity for the quarter that ended in Dec. 2023 was 2.29.

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 Atlas Global Brands's Debt-to-Equity or its related term are showing as below:

XCNQ:ATL' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.18 Med: 1.55 Max: 2.29
Current: 2.29

During the past 0 years, the highest Debt-to-Equity Ratio of Atlas Global Brands was 2.29. The lowest was 1.18. And the median was 1.55.

XCNQ:ATL's Debt-to-Equity is not ranked
in the Drug Manufacturers industry.
Industry Median: 0.3 vs XCNQ:ATL: 2.29

Atlas Global Brands Debt-to-Equity Historical Data

The historical data trend for Atlas Global 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.

* Premium members only.

Atlas Global Brands Debt-to-Equity Chart

Atlas Global Brands Annual Data

Trend

Debt-to-Equity

Atlas Global Brands Quarterly Data
	Dec22	Jun23	Sep23	Dec23
Debt-to-Equity	N/A	1.18	1.55	2.29

Competitive Comparison of Atlas Global Brands's Debt-to-Equity

For the Drug Manufacturers - Specialty & Generic subindustry, Atlas Global 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.

Atlas Global Brands's Debt-to-Equity Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Atlas Global Brands's Debt-to-Equity falls into.

Atlas Global Brands Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Atlas Global Brands's Debt to Equity Ratio for the fiscal year that ended in . 20 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
	=	(	+	)	/	N/A
	=	N/A

Atlas Global 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
	=	(21.456	+	1.715)	/	10.111
	=	2.29

Atlas Global Brands (XCNQ:ATL) 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.

Atlas Global Brands Debt-to-Equity Related Terms

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Atlas Global Brands Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Atlas Global Brands Inc (XCNQ:ATL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

566 Riverview Drive, Unit 104, Chatham, ON, CAN, N7M 0N2

Website

Atlas Global Brands Inc is a licensed cannabis company operating in Canada and Israel with experience across the cannabis value chain including cultivation, manufacturing, scalability, marketing, distribution, and pharmacy. Atlas currently serves eight countries: Australia, Canada, Denmark, Germany, Israel, Norway, Spain, and the United Kingdom.

Executives

Tamir Gedo	10% Security Holder
Jonathan Ben-cnaan	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Bernard Yeung	Senior Officer
Jason Cervi	Senior Officer
Jeffrey Robert Gossain	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6), Senior Officer

Atlas Global Brands Headlines

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