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Indigenous Bloom Hemp (XCNQ:IBH) Equity-to-Asset : -4.92 (As of Feb. 2023)


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What is Indigenous Bloom Hemp Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Indigenous Bloom Hemp's Total Stockholders Equity for the quarter that ended in Feb. 2023 was C$-2.76 Mil. Indigenous Bloom Hemp's Total Assets for the quarter that ended in Feb. 2023 was C$0.56 Mil.

The historical rank and industry rank for Indigenous Bloom Hemp's Equity-to-Asset or its related term are showing as below:

XCNQ:IBH's Equity-to-Asset is not ranked *
in the Drug Manufacturers industry.
Industry Median: 0.59
* Ranked among companies with meaningful Equity-to-Asset only.

Indigenous Bloom Hemp Equity-to-Asset Historical Data

The historical data trend for Indigenous Bloom Hemp's Equity-to-Asset 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.

Indigenous Bloom Hemp Equity-to-Asset Chart

Indigenous Bloom Hemp Annual Data
Trend Apr14 Apr15 Apr16 Apr17 Apr18 Apr19 Apr20 Apr21 May22
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only 0.95 -0.61 -58.33 -1,294.00 -3.22

Indigenous Bloom Hemp Quarterly Data
Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Nov21 Feb22 May22 Aug22 Feb23
Equity-to-Asset 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 -0.36 -0.42 -3.22 -4.09 -4.92

Competitive Comparison of Indigenous Bloom Hemp's Equity-to-Asset

For the Drug Manufacturers - Specialty & Generic subindustry, Indigenous Bloom Hemp's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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.


Indigenous Bloom Hemp's Equity-to-Asset Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Indigenous Bloom Hemp's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Indigenous Bloom Hemp's Equity-to-Asset falls into.



Indigenous Bloom Hemp Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

Indigenous Bloom Hemp's Equity to Asset Ratio for the fiscal year that ended in May. 2022 is calculated as

Equity to Asset (A: May. 2022 )=Total Stockholders Equity/Total Assets
=-2.449/0.76
=

Indigenous Bloom Hemp's Equity to Asset Ratio for the quarter that ended in Feb. 2023 is calculated as

Equity to Asset (Q: Feb. 2023 )=Total Stockholders Equity/Total Assets
=-2.762/0.561
=

* 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.


Indigenous Bloom Hemp  (XCNQ:IBH) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.


Indigenous Bloom Hemp Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of Indigenous Bloom Hemp's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


Indigenous Bloom Hemp (XCNQ:IBH) Business Description

Traded in Other Exchanges
Address
3200-650 West Georgia Street, Vancouver, BC, CAN, V6B 4P7
Indigenous Bloom Hemp Corp is in business to produce and sell hemp extracts. It is engaged in the farming and cultivation of hemp biomass for third-party processing to extract cannabidiol (CBD) oils, distillate or isolate. The resulting solution can then be used for the production of many CBD products.

Indigenous Bloom Hemp (XCNQ:IBH) Headlines

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