MTL Cannabis (XCNQ:MTLC) Equity-to-Asset : 0.17 (As of Sep. 2023)

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What is MTL Cannabis Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. MTL Cannabis's Total Stockholders Equity for the quarter that ended in Sep. 2023 was C$12.88 Mil. MTL Cannabis's Total Assets for the quarter that ended in Sep. 2023 was C$75.80 Mil. Therefore, MTL Cannabis's Equity to Asset Ratio for the quarter that ended in Sep. 2023 was 0.17.

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

XCNQ:MTLC' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.04 Med: 0.09 Max: 0.17
Current: 0.17

During the past 3 years, the highest Equity to Asset Ratio of MTL Cannabis was 0.17. The lowest was 0.04. And the median was 0.09.

XCNQ:MTLC's Equity-to-Asset is ranked worse than
78.43% of 51 companies
in the Tobacco Products industry
Industry Median: 0.44 vs XCNQ:MTLC: 0.17

MTL Cannabis Equity-to-Asset Historical Data

The historical data trend for MTL Cannabis'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.

MTL Cannabis Equity-to-Asset Chart

MTL Cannabis Annual Data

Trend

Mar21

Mar22

Mar23

Equity-to-Asset

0.09

0.16

0.05

MTL Cannabis Quarterly Data
	Mar21	Mar22	Jun22	Sep22	Mar23	Jun23	Sep23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial			-	0.05	0.04	0.17	-

Competitive Comparison of MTL Cannabis's Equity-to-Asset

For the Tobacco subindustry, MTL Cannabis'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.

MTL Cannabis's Equity-to-Asset Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, MTL Cannabis's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where MTL Cannabis's Equity-to-Asset falls into.

MTL Cannabis 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.

MTL Cannabis's Equity to Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Equity to Asset (A: Mar. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	1.541	/	31.745
	=	0.05

MTL Cannabis's Equity to Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

Equity to Asset (Q: Sep. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	12.878	/	75.803
	=	0.17

MTL Cannabis (XCNQ:MTLC) 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%.

MTL Cannabis Equity-to-Asset Related Terms

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

MTL Cannabis (XCNQ:MTLC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » MTL Cannabis Corp (XCNQ:MTLC) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

J4E:Germany

Address

1773 Bayly Street, Pickering, ON, CAN, L1W 2Y7

Website

https://www.mtlcannabis.ca

MTL Cannabis Corp is a flower-first company built for the modern street, MTL Cannabis uses proprietary hydroponic growing methodologies supported by handcrafted techniques to produce products that are truly crafted for the masses. The company focuses on craft quality cannabis products, including lines of dried flower, pre-rolls and hash marketed under the MTL Cannabis, Low Key by MTL and R'belle brands for the Canadian market through nine distribution arrangements with various provincial cannabis distributors. It has also developed a number of export channels for bulk and unbranded GACP quality cannabis.

MTL Cannabis (XCNQ:MTLC) Headlines

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