Modern Plant Based Foods (Modern Plant Based Foods) Debt-to-Equity : -0.76 (As of Nov. 2023)

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What is Modern Plant Based Foods Debt-to-Equity?

Modern Plant Based Foods's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was $0.61 Mil. Modern Plant Based Foods's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2023 was $0.00 Mil. Modern Plant Based Foods's Total Stockholders Equity for the quarter that ended in Nov. 2023 was $-0.80 Mil. Modern Plant Based Foods's debt to equity for the quarter that ended in Nov. 2023 was -0.76.

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 Modern Plant Based Foods's Debt-to-Equity or its related term are showing as below:

MDRNF' s Debt-to-Equity Range Over the Past 10 Years
Min: -19.65 Med: 0.29 Max: 5.62
Current: -0.76

During the past 13 years, the highest Debt-to-Equity Ratio of Modern Plant Based Foods was 5.62. The lowest was -19.65. And the median was 0.29.

MDRNF's Debt-to-Equity is not ranked
in the Consumer Packaged Goods industry.
Industry Median: 0.41 vs MDRNF: -0.76

Modern Plant Based Foods Debt-to-Equity Historical Data

The historical data trend for Modern Plant Based Foods'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.

Modern Plant Based Foods Debt-to-Equity Chart

Modern Plant Based Foods Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Aug20

Aug21

Aug22

Aug23

Debt-to-Equity

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0.37

0.10

0.29

1.54

-0.69

Modern Plant Based Foods Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Debt-to-Equity	Get a 7-Day Free Trial															-0.70	-1.08	-0.86	-0.69	-0.76

Competitive Comparison of Modern Plant Based Foods's Debt-to-Equity

For the Packaged Foods subindustry, Modern Plant Based Foods'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.

Modern Plant Based Foods's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Modern Plant Based Foods's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Modern Plant Based Foods's Debt-to-Equity falls into.

Modern Plant Based Foods Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Modern Plant Based Foods's Debt to Equity Ratio for the fiscal year that ended in Aug. 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
	=	(0.488	+	0)	/	-0.706
	=	-0.69

Modern Plant Based Foods's Debt to Equity Ratio for the quarter that ended in Nov. 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
	=	(0.608	+	0)	/	-0.797
	=	-0.76

Modern Plant Based Foods (OTCPK:MDRNF) 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.

Modern Plant Based Foods Debt-to-Equity Related Terms

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Modern Plant Based Foods (Modern Plant Based Foods) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Modern Plant Based Foods Inc (OTCPK:MDRNF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

L3OP:Germany MEAT:Canada

Address

700 West Georgia Street, Suite 2500, Vancouver, BC, CAN, V7Y 1B3

Website

https://www.themodernmeat.com

Modern Plant Based Foods Inc is a Canadian food company based in Vancouver, British Columbia that offers a portfolio of plant-based products including meat alternatives, dairy-free cheeses, homemade style soups and vegan snacks. The company understands the importance of providing nutritious and sustainable alternatives without sacrificing taste. All products are made free of soy, gluten, nuts and GMOs. Modern Plant-Based Foods' objective is to change the way food is produced and consumed for the benefit of people, animals and the environment by using natural plant-based ingredients. The products are available for purchase at various retail locations and on e-commerce platforms.

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