Akerna (Akerna) Debt-to-Equity : -0.93 (As of Sep. 2023)

View and export this data going back to 2018. Start your Free Trial

What is Akerna Debt-to-Equity?

Akerna's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $7.73 Mil. Akerna's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.85 Mil. Akerna's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $-9.20 Mil. Akerna's debt to equity for the quarter that ended in Sep. 2023 was -0.93.

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

KERN' s Debt-to-Equity Range Over the Past 10 Years
Min: -3.03 Med: 0.17 Max: 5.65
Current: -0.93

During the past 6 years, the highest Debt-to-Equity Ratio of Akerna was 5.65. The lowest was -3.03. And the median was 0.17.

KERN's Debt-to-Equity is not ranked
in the Healthcare Providers & Services industry.
Industry Median: 0.48 vs KERN: -0.93

Akerna Debt-to-Equity Historical Data

The historical data trend for Akerna'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.

Akerna Debt-to-Equity Chart

Akerna Annual Data

Trend

Dec17

Dec18

Jun19

Jun20

Dec21

Dec22

Debt-to-Equity

Get a 7-Day Free Trial

0.51

0.29

-3.03

Akerna Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.72	-3.03	-1.46	-1.26	-0.93

Competitive Comparison of Akerna's Debt-to-Equity

For the Health Information Services subindustry, Akerna'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.

Akerna's Debt-to-Equity Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Akerna's Debt-to-Equity distribution charts can be found below:

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

Akerna Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Akerna'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
	=	(13.2	+	1.407)	/	-4.826
	=	-3.03

Akerna'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
	=	(7.733	+	0.85)	/	-9.199
	=	-0.93

Akerna (NAS:KERN) 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.

Akerna Debt-to-Equity Related Terms

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

Akerna (Akerna) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Akerna Corp (NAS:KERN) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

1550 Larimer Street, No 246, Denver, CO, USA, 80202

Website

https://www.akerna.com

Akerna Corp is a United States-based company provider of enterprise software solutions within the cannabis industry. It offers MJ Platform and Leaf Data Systems which are platforms that provide clients and government entities with a central data management system for tracking regulated cannabis products from seed to product to shelf to customers through the supply chain. It has two sources of revenue software and consulting services, and the majority of the revenue comes from commercial software platforms.

Executives

Mj Bridge Co., Inc.	10 percent owner	16192 COASTAL HIGHWAY, LEWES DE 19958
Barry Fishman	director	C/O AKERNA CORP., 1550 LARIMER STREET, SUITE 246, DENVER CO 80202
Matthew Ryan Kane	director	AKERNA CORP., 1601 ARAPAHOE ST., DENVER CO 80202
Thompson Cecil Ray Jr	officer: Chief Operating Officer	1630 WELTON ST, SUITE 400, DENVER CO 80201
David R Mccullough	officer: Chief Technology Officer	C/O AKERNA CORP., 1630 WELTON STREET - 4TH FLOOR, DENVER CO 80202
Jessica Billingsley	director, 10 percent owner, officer: Chief Executive Officer	AKERNA CORP., 1601 ARAPAHOE ST., DENVER CO 80202
Amy A. Poinsett Revocable Living Trust	10 percent owner	601 16TH STREET, SUITE C-420, GOLDEN CO 80403
Fowle John Michael Jr	officer: Chief Financial Officer	AKERNA CORP., 1601 ARAPAHOE ST., DENVER CO 80202
Tahira Rehmatullah	director	C/O AKERNA CORP., 1601 ARAPAHOE STREET, DENVER CO 32836
Ashesh C Shah	director	AKERNA CORP., 1601 ARAPAHOE ST., DENVER CO 80202
Nina Simosko	officer: Chief Revenue Officer	AKERNA CORP., 1601 ARAPAHOE ST., DENVER CO 80202
Scott Sozio	director	BAY HARBOUR MANAGEMENT, 885 THIRD AVENUE, 34TH FLOOR, NEW YORK NY 10022
Jessica Billingsley Living Trust	10 percent owner	1601 ARAPAHOE STREET, DENVER CO 80202
Amy A. Poinsett	10 percent owner	601 16TH STREET, SUITE C-420, GOLDEN CO 80401
Mtech Sponsor Llc	10 percent owner	10124 FOXHURST CT, ORLANDO FL 32836