Discover Wellness Solutions (XCNQ:WLNS) Debt-to-Equity : 0.42 (As of Sep. 2021)

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What is Discover Wellness Solutions Debt-to-Equity?

Discover Wellness Solutions's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2021 was C$1.22 Mil. Discover Wellness Solutions's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2021 was C$0.06 Mil. Discover Wellness Solutions's Total Stockholders Equity for the quarter that ended in Sep. 2021 was C$3.04 Mil. Discover Wellness Solutions's debt to equity for the quarter that ended in Sep. 2021 was 0.42.

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 Discover Wellness Solutions's Debt-to-Equity or its related term are showing as below:

XCNQ:WLNS'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.

Discover Wellness Solutions Debt-to-Equity Historical Data

The historical data trend for Discover Wellness Solutions'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.

Discover Wellness Solutions Debt-to-Equity Chart

Discover Wellness Solutions Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Debt-to-Equity

0.16

0.10

Discover Wellness Solutions Quarterly Data
	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Debt-to-Equity	Get a 7-Day Free Trial													0.28	0.10	0.10	0.12	0.42

Competitive Comparison of Discover Wellness Solutions's Debt-to-Equity

For the Drug Manufacturers - Specialty & Generic subindustry, Discover Wellness Solutions'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.

Discover Wellness Solutions's Debt-to-Equity Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Discover Wellness Solutions's Debt-to-Equity falls into.

Discover Wellness Solutions Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Discover Wellness Solutions's Debt to Equity Ratio for the fiscal year that ended in Dec. 2020 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
	=	(1.223	+	0.06)	/	13.088
	=	0.10

Discover Wellness Solutions's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(1.223	+	0.06)	/	3.037
	=	0.42

Discover Wellness Solutions (XCNQ:WLNS) 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.

Discover Wellness Solutions Debt-to-Equity Related Terms

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Discover Wellness Solutions (XCNQ:WLNS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Discover Wellness Solutions Inc (XCNQ:WLNS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

707 5th Street SW, Suite 500, Calgary, AB, CAN, T2P 0Y3

Website

https://www.discoverwellness.solutions

Discover Wellness Solutions Inc is focused on the production, cultivation and sale of cannabis in various forms. The company through its wholly-owned subsidiary, Rocky Mountain Marijuana Inc, a late-stage applicant under the Cannabis Act. Rocky Mountain blends science with nature using aeroponic cultivation and CO2 extraction to produce high-purity, organic-quality cannabis products.

Discover Wellness Solutions (XCNQ:WLNS) Headlines

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