SOL Global Investments (XCNQ:SOL) Debt-to-Equity : 5.90 (As of Aug. 2024)

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What is SOL Global Investments Debt-to-Equity?

SOL Global Investments's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2024 was C$0.00 Mil. SOL Global Investments's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Aug. 2024 was C$29.03 Mil. SOL Global Investments's Total Stockholders Equity for the quarter that ended in Aug. 2024 was C$4.92 Mil. SOL Global Investments's debt to equity for the quarter that ended in Aug. 2024 was 5.90.

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

XCNQ:SOL' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.15 Med: 0.15 Max: 9.77
Current: 5.9

During the past 12 years, the highest Debt-to-Equity Ratio of SOL Global Investments was 9.77. The lowest was -0.15. And the median was 0.15.

XCNQ:SOL's Debt-to-Equity is ranked worse than
99.08% of 974 companies
in the Asset Management industry
Industry Median: 0.2 vs XCNQ:SOL: 5.90

SOL Global Investments Debt-to-Equity Historical Data

The historical data trend for SOL Global Investments'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.

SOL Global Investments Debt-to-Equity Chart

SOL Global Investments Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Mar18

Mar19

Nov20

Nov21

Nov22

Nov23

Debt-to-Equity

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0.26

0.14

0.59

4.17

SOL Global Investments Quarterly Data
	Sep19	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															1.22	4.17	5.44	9.77	5.90

Competitive Comparison of SOL Global Investments's Debt-to-Equity

For the Asset Management subindustry, SOL Global Investments'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.

SOL Global Investments's Debt-to-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, SOL Global Investments's Debt-to-Equity distribution charts can be found below:

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

SOL Global Investments Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

SOL Global Investments'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
	=	(0	+	32.17)	/	7.712
	=	4.17

SOL Global Investments'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
	=	(0	+	29.033)	/	4.924
	=	5.90

SOL Global Investments (XCNQ:SOL) 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.

SOL Global Investments Debt-to-Equity Related Terms

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SOL Global Investments Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » SOL Global Investments Corp (XCNQ:SOL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

SOLCF:USA 9SB:Germany

Address

100 King Street West, Suite 5600, Toronto, ON, CAN, M5X 1C9

Website

https://www.solglobal.com

SOL Global Investments Corp is a cannabis company with a focus on legal U.S. states. Its strategic investments and partnerships across cultivation, distribution and retail complement the company's R&D program with the University of Miami. It is also involved in Retail, Agriculture, Quick Service Restaurants & Hospitality, Media Technology & Gaming, Energy and New Age Wellness.

Executives