Red Light Holland (XCNQ:TRIP) Debt-to-Equity : 0.07 (As of Dec. 2023)

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What is Red Light Holland Debt-to-Equity?

Red Light Holland's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$1.37 Mil. Red Light Holland's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.33 Mil. Red Light Holland's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$23.39 Mil. Red Light Holland's debt to equity for the quarter that ended in Dec. 2023 was 0.07.

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 Red Light Holland's Debt-to-Equity or its related term are showing as below:

XCNQ:TRIP' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.42 Med: 0.04 Max: 0.07
Current: 0.07

During the past 5 years, the highest Debt-to-Equity Ratio of Red Light Holland was 0.07. The lowest was -0.42. And the median was 0.04.

XCNQ:TRIP's Debt-to-Equity is ranked better than
77.1% of 847 companies
in the Drug Manufacturers industry
Industry Median: 0.3 vs XCNQ:TRIP: 0.07

Red Light Holland Debt-to-Equity Historical Data

The historical data trend for Red Light Holland'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.

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Red Light Holland Debt-to-Equity Chart

Red Light Holland Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

-0.39

-0.08

0.03

0.05

0.07

Red Light Holland Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.07	0.07	0.07	0.07	0.07

Competitive Comparison of Red Light Holland's Debt-to-Equity

For the Drug Manufacturers - Specialty & Generic subindustry, Red Light Holland'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.

Red Light Holland's Debt-to-Equity Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Red Light Holland's Debt-to-Equity falls into.

Red Light Holland Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Red Light Holland's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(1.343	+	0.423)	/	26.064
	=	0.07

Red Light Holland's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(1.365	+	0.325)	/	23.389
	=	0.07

Red Light Holland (XCNQ:TRIP) 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.

Red Light Holland Debt-to-Equity Related Terms

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Red Light Holland (XCNQ:TRIP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Red Light Holland Corp (XCNQ:TRIP) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

TRUFF:USA 4YX:Germany

Address

1 Adelaide Street East, Suite 801, Toronto, ON, CAN, M5C 2V9

Website

https://www.redlight.co

Red Light Holland Corp is engaged in the production, growth and sale of functional mushrooms and mushroom home grow kits in North America and Europe, and a premium brand of psilocybin truffles to the legal, recreational market within the Netherlands Its products include Microdosing Kit and Merch. Its revenue is comprised of sales of wholesale truffles, cannabis seeds, and other cannabis products and sales of microdose packs.

Executives

Ann Catherine Barnes

Director