Kona Gold Beverage (Kona Gold Beverage) Debt-to-Equity : -0.73 (As of Sep. 2023)

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What is Kona Gold Beverage Debt-to-Equity?

Kona Gold Beverage's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $3.57 Mil. Kona Gold Beverage's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.35 Mil. Kona Gold Beverage's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $-5.35 Mil. Kona Gold Beverage's debt to equity for the quarter that ended in Sep. 2023 was -0.73.

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 Kona Gold Beverage's Debt-to-Equity or its related term are showing as below:

KGKG' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.35 Med: -0.9 Max: 3.03
Current: -0.73

During the past 6 years, the highest Debt-to-Equity Ratio of Kona Gold Beverage was 3.03. The lowest was -1.35. And the median was -0.90.

KGKG's Debt-to-Equity is not ranked
in the Drug Manufacturers industry.
Industry Median: 0.3 vs KGKG: -0.73

Kona Gold Beverage Debt-to-Equity Historical Data

The historical data trend for Kona Gold Beverage'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.

Kona Gold Beverage Debt-to-Equity Chart

Kona Gold Beverage Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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-0.14

-0.97

-1.35

-0.84

-1.01

Kona Gold Beverage 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															-1.12	-1.01	-0.88	-0.81	-0.73

Competitive Comparison of Kona Gold Beverage's Debt-to-Equity

For the Drug Manufacturers - Specialty & Generic subindustry, Kona Gold Beverage'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.

Kona Gold Beverage's Debt-to-Equity Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Kona Gold Beverage's Debt-to-Equity distribution charts can be found below:

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

Kona Gold Beverage Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Kona Gold Beverage'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
	=	(3.119	+	0.686)	/	-3.765
	=	-1.01

Kona Gold Beverage'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
	=	(3.573	+	0.354)	/	-5.353
	=	-0.73

Kona Gold Beverage (OTCPK:KGKG) 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.

Kona Gold Beverage Debt-to-Equity Related Terms

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Kona Gold Beverage (Kona Gold Beverage) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Kona Gold Beverage Inc (OTCPK:KGKG) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

746 North Drive, Suite A, Melbourne, FL, USA, 32934

Website

https://www.konagoldhemp.com

Kona Gold Beverage Inc is a United States-based lifestyle hemp company. The company specializes in developing hemp and CBD products in the functional beverage and fitness markets. The company focuses on the hemp energy drink, low-carb and low-calorie lemonade, and CBD water markets. It generates maximum revenue from retail products.

Executives

Lori A Radcliffe	officer: CFO	1356 GEM CIR, ROCKLEDGE FL 32955
Christopher Selinger	officer: VP OF SALES	11 BELLWOOD FARM LANE, GREENVILLE SC 29607
Matthew R Crystal	director	4937 PASADENA WAY, BROOMFIELD CO 80023
William Jeffrey Outlaw	director	8512 MEADOW VIEW LANE, BAHAMA NC 27503
Robert Clark	director, 10 percent owner, officer: CEO	7823 DESMOND AVE, MELBOURNE FL 32940