Veji Holdings (XCNQ:VEJI.X) Debt-to-Equity : -0.12 (As of Sep. 2023)

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What is Veji Holdings Debt-to-Equity?

Veji Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$0.03 Mil. Veji Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$0.00 Mil. Veji Holdings's Total Stockholders Equity for the quarter that ended in Sep. 2023 was C$-0.20 Mil. Veji Holdings's debt to equity for the quarter that ended in Sep. 2023 was -0.12.

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 Veji Holdings's Debt-to-Equity or its related term are showing as below:

XCNQ:VEJI.X' s Debt-to-Equity Range Over the Past 10 Years
Min: -27.46 Med: -0.52 Max: 0.84
Current: -0.12

During the past 3 years, the highest Debt-to-Equity Ratio of Veji Holdings was 0.84. The lowest was -27.46. And the median was -0.52.

XCNQ:VEJI.X's Debt-to-Equity is not ranked
in the Consumer Packaged Goods industry.
Industry Median: 0.41 vs XCNQ:VEJI.X: -0.12

Veji Holdings Debt-to-Equity Historical Data

The historical data trend for Veji Holdings'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.

Veji Holdings Debt-to-Equity Chart

Veji Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Debt-to-Equity

0.84

-0.52

Veji Holdings Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial								-0.53	-0.52	-0.51	-0.01	-0.12

Competitive Comparison of Veji Holdings's Debt-to-Equity

For the Packaged Foods subindustry, Veji Holdings'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.

Veji Holdings's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Veji Holdings's Debt-to-Equity distribution charts can be found below:

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

Veji Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Veji Holdings's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(3.93	+	0)	/	-7.577
	=	-0.52

Veji Holdings's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(0.025	+	0)	/	-0.201
	=	-0.12

Veji Holdings (XCNQ:VEJI.X) 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.

Veji Holdings Debt-to-Equity Related Terms

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Veji Holdings (XCNQ:VEJI.X) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Veji Holdings Ltd (XCNQ:VEJI.X) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

VEJIF:USA

Address

106 - 460 Doyle Avenue, Kelowna, BC, CAN, V1Y 0C2

Website

https://www.vejiholdings.com

Veji Holdings Ltd is engaged in providing a digital marketplace that offers plant-based and sustainable living products. The company's product categories include Grocery, Protein and Sports Nutrition, Vitamins and supplements, Personal Care, Baby & Kids, and Vegan Wine. The platform offers an easy-to-use, omnichannel experience for both vendors and buyers, leveraging data and artificial intelligence to elegantly connect brands with a targeted consumer base.

Veji Holdings (XCNQ:VEJI.X) Headlines

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