Christina Lake Cannabis (XCNQ:CLC) Debt-to-Equity : 1.12 (As of Aug. 2024)

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What is Christina Lake Cannabis Debt-to-Equity?

Christina Lake Cannabis's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2024 was C$2.77 Mil. Christina Lake Cannabis's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2024 was C$7.95 Mil. Christina Lake Cannabis's Total Stockholders Equity for the quarter that ended in Aug. 2024 was C$9.55 Mil. Christina Lake Cannabis's debt to equity for the quarter that ended in Aug. 2024 was 1.12.

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 Christina Lake Cannabis's Debt-to-Equity or its related term are showing as below:

XCNQ:CLC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.23 Med: 0.49 Max: 2.04
Current: 1.12

During the past 6 years, the highest Debt-to-Equity Ratio of Christina Lake Cannabis was 2.04. The lowest was 0.23. And the median was 0.49.

XCNQ:CLC's Debt-to-Equity is ranked worse than
88.14% of 826 companies
in the Drug Manufacturers industry
Industry Median: 0.27 vs XCNQ:CLC: 1.12

Christina Lake Cannabis Debt-to-Equity Historical Data

The historical data trend for Christina Lake Cannabis'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.

Christina Lake Cannabis Debt-to-Equity Chart

Christina Lake Cannabis Annual Data

Trend

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Debt-to-Equity

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0.43

0.39

0.58

0.82

Christina Lake Cannabis Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
Debt-to-Equity	Get a 7-Day Free Trial															0.51	0.82	1.51	2.04	1.12

Competitive Comparison of Christina Lake Cannabis's Debt-to-Equity

For the Drug Manufacturers - Specialty & Generic subindustry, Christina Lake Cannabis'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.

Christina Lake Cannabis's Debt-to-Equity Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Christina Lake Cannabis's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Christina Lake Cannabis's Debt-to-Equity falls into.

Christina Lake Cannabis Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Christina Lake Cannabis's Debt to Equity Ratio for the fiscal year that ended in Nov. 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
	=	(1.655	+	4.497)	/	7.462
	=	0.82

Christina Lake Cannabis's Debt to Equity Ratio for the quarter that ended in Aug. 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
	=	(2.774	+	7.954)	/	9.545
	=	1.12

Christina Lake Cannabis (XCNQ:CLC) 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.

Christina Lake Cannabis Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Christina Lake Cannabis's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Christina Lake Cannabis Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Christina Lake Cannabis Corp (XCNQ:CLC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CLCFF:USA CLB:Germany

Address

1075 West Georgia Street, Suite 1890, Vancouver, BC, CAN, V6E 3C9

Website

https://www.christinalakecannabis.com

Christina Lake Cannabis Corp is a licensed producer of cannabis. The company cultivates cannabis using strains specifically developed for outdoor cultivation. It is a producer of high-quality, low-cost, sun-grown cannabis flowers, oil cannabinoids, and hemp-based extracts and derivatives, serving domestic and international markets.

Executives

Joel Dumaresq	Senior Officer
Salvatore Milia	Director
Gil Playford	10% Security Holder, Director
Mark Kevin Frank Aiken	Senior Officer

Christina Lake Cannabis Headlines

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