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Red White & Bloom Brands (Red White & Bloom Brands) Equity-to-Asset : -0.03 (As of Sep. 2023)


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What is Red White & Bloom Brands Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Red White & Bloom Brands's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $-7.82 Mil. Red White & Bloom Brands's Total Assets for the quarter that ended in Sep. 2023 was $240.80 Mil. Therefore, Red White & Bloom Brands's Equity to Asset Ratio for the quarter that ended in Sep. 2023 was -0.03.

The historical rank and industry rank for Red White & Bloom Brands's Equity-to-Asset or its related term are showing as below:

RWBYF' s Equity-to-Asset Range Over the Past 10 Years
Min: -0.03   Med: 0.4   Max: 0.62
Current: -0.03

During the past 4 years, the highest Equity to Asset Ratio of Red White & Bloom Brands was 0.62. The lowest was -0.03. And the median was 0.40.

RWBYF's Equity-to-Asset is ranked worse than
89.8% of 1088 companies
in the Drug Manufacturers industry
Industry Median: 0.59 vs RWBYF: -0.03

Red White & Bloom Brands Equity-to-Asset Historical Data

The historical data trend for Red White & Bloom Brands'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.

Red White & Bloom Brands Equity-to-Asset Chart

Red White & Bloom Brands Annual Data
Trend Dec19 Dec20 Dec21 Dec22
Equity-to-Asset
0.49 0.48 0.40 0.06

Red White & Bloom Brands Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
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 0.42 0.06 0.03 - -0.03

Competitive Comparison of Red White & Bloom Brands's Equity-to-Asset

For the Drug Manufacturers - Specialty & Generic subindustry, Red White & Bloom Brands'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.


Red White & Bloom Brands's Equity-to-Asset Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Red White & Bloom Brands's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Red White & Bloom Brands's Equity-to-Asset falls into.



Red White & Bloom Brands 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.

Red White & Bloom Brands's Equity to Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Equity to Asset (A: Dec. 2022 )=Total Stockholders Equity/Total Assets
=12.141/215.433
=0.06

Red White & Bloom Brands'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
=-7.824/240.803
=-0.03

* 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.


Red White & Bloom Brands  (OTCPK:RWBYF) 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%.


Red White & Bloom Brands Equity-to-Asset Related Terms

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Red White & Bloom Brands (Red White & Bloom Brands) Business Description

Traded in Other Exchanges
Address
789 West Pender Street, Suite 810, Vancouver, BC, CAN, V6C 1H2
Red White & Bloom Brands Inc is a multi-state operator in the United States conducting operations in the legal cannabis industry. The principal activity of the company is the sale of a diverse range of high-quality cannabis-based products delivered through its distribution and retail channels. The company operates twelve licensed adult-use and medical retail dispensaries located in the legal states of Michigan and Florida.