Eviana Health (XCNQ:EHC) Debt-to-Equity : 1.71 (As of Mar. 2019)

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What is Eviana Health Debt-to-Equity?

Eviana Health's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2019 was C$0.02 Mil. Eviana Health's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2019 was C$8.02 Mil. Eviana Health's Total Stockholders Equity for the quarter that ended in Mar. 2019 was C$4.71 Mil. Eviana Health's debt to equity for the quarter that ended in Mar. 2019 was 1.70.

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

XCNQ:EHC's Debt-to-Equity is not ranked ^*
in the Drug Manufacturers industry.
Industry Median: 0.29
* Ranked among companies with meaningful Debt-to-Equity only.

Eviana Health Debt-to-Equity Historical Data

The historical data trend for Eviana 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.

* Premium members only.

Eviana Health Debt-to-Equity Chart

Eviana Health Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Debt-to-Equity

0.25

-5.55

0.01

Eviana Health Quarterly Data
	Jun15	Mar16	Jun16	Sep16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19
Debt-to-Equity	Get a 7-Day Free Trial								-	0.01	0.01	1.26	1.71

Competitive Comparison of Eviana Health's Debt-to-Equity

For the Drug Manufacturers - Specialty & Generic subindustry, Eviana 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.

Eviana Health's Debt-to-Equity Distribution in the Drug Manufacturers Industry

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

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

Eviana Health Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Eviana Health's Debt to Equity Ratio for the fiscal year that ended in Jun. 2018 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
	=	(0.023	+	0.016)	/	6.748
	=	0.01

Eviana Health's Debt to Equity Ratio for the quarter that ended in Mar. 2019 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
	=	(0.017	+	8.019)	/	4.714
	=	1.70

Eviana Health (XCNQ:EHC) 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.

Eviana Health Debt-to-Equity Related Terms

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Eviana Health (XCNQ:EHC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Eviana Health Corp (XCNQ:EHC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

5728 East Boulevard, Vancouver, BC, CAN, V6M 4M4

Website

http://www.eviana.ca

Eviana Health Corp produces and sells cannabinoid products from natural hemp strains of cannabis sativa for consumer health-care products, pharmaceuticals, nutraceuticals, and cosmeceuticals, as well as for topical creams and other health and wellness products.