Gaia Grow (XCNQ:GAIA) Debt-to-Equity : -1.47 (As of Sep. 2022)

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What is Gaia Grow Debt-to-Equity?

Gaia Grow's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2022 was C$0.21 Mil. Gaia Grow's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2022 was C$1.01 Mil. Gaia Grow's Total Stockholders Equity for the quarter that ended in Sep. 2022 was C$-0.83 Mil. Gaia Grow's debt to equity for the quarter that ended in Sep. 2022 was -1.47.

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 Gaia Grow's Debt-to-Equity or its related term are showing as below:

XCNQ:GAIA's Debt-to-Equity is not ranked ^*
in the Drug Manufacturers industry.
Industry Median: 0.3
* Ranked among companies with meaningful Debt-to-Equity only.

Gaia Grow Debt-to-Equity Historical Data

The historical data trend for Gaia Grow'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.

Gaia Grow Debt-to-Equity Chart

Gaia Grow Annual Data

Trend

Jan12

Jan13

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Dec20

Dec21

Debt-to-Equity

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0.34

-2.68

Gaia Grow Quarterly Data
	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Debt-to-Equity	Get a 7-Day Free Trial															0.30	-2.68	-1.42	-1.39	-1.47

Competitive Comparison of Gaia Grow's Debt-to-Equity

For the Drug Manufacturers - Specialty & Generic subindustry, Gaia Grow'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.

Gaia Grow's Debt-to-Equity Distribution in the Drug Manufacturers Industry

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

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

Gaia Grow Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Gaia Grow's Debt to Equity Ratio for the fiscal year that ended in Dec. 2021 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
	=	(0.186	+	1.174)	/	-0.508
	=	-2.68

Gaia Grow's Debt to Equity Ratio for the quarter that ended in Sep. 2022 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
	=	(0.212	+	1.011)	/	-0.834
	=	-1.47

Gaia Grow (XCNQ:GAIA) 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.

Gaia Grow Debt-to-Equity Related Terms

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