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Maven Brands (XCNQ:MJ) Debt-to-Equity : -3.42 (As of Dec. 2022)


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What is Maven Brands Debt-to-Equity?

Maven Brands's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2022 was C$6.00 Mil. Maven Brands's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2022 was C$0.00 Mil. Maven Brands's Total Stockholders Equity for the quarter that ended in Dec. 2022 was C$-1.76 Mil. Maven Brands's debt to equity for the quarter that ended in Dec. 2022 was -3.42.

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

XCNQ:MJ'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.

Maven Brands Debt-to-Equity Historical Data

The historical data trend for Maven 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.

Maven Brands Debt-to-Equity Chart

Maven Brands Annual Data
Trend Dec14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only - 0.32 -2.82 11.87 -4.01

Maven Brands Quarterly Data
Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -5.82 -4.01 -3.41 -2.81 -3.42

Competitive Comparison of Maven Brands's Debt-to-Equity

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


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

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

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



Maven Brands Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Maven Brands's Debt to Equity Ratio for the fiscal year that ended in Mar. 2022 is calculated as

Maven Brands's Debt to Equity Ratio for the quarter that ended in Dec. 2022 is calculated as

* 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.


Maven Brands  (XCNQ:MJ) 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.


Maven Brands Debt-to-Equity Related Terms

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


Maven Brands (XCNQ:MJ) Business Description

Traded in Other Exchanges
N/A
Address
100 Kalamalka Lake Road, Unit 32, Vernon, BC, CAN, V1T 9G1
Maven Brands Inc is a licensed producer of medicinal cannabis for the Canadian market under Canada's Marihuana for Medical Purposes Regulations program administered by Health Canada. The company is launching an innovative services program to provide seed-to-shelf solutions for cannabis micro-cultivators and small-scale producers across Canada. Its services will be designed to support craft growers on a path to the regulated market and will operate from the True Leaf Campus facility located in Lumby, British Columbia.