MJ Holdings (MJ Holdings) Debt-to-Equity : 0.90 (As of Sep. 2023)

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What is MJ Holdings Debt-to-Equity?

MJ Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.51 Mil. MJ Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.86 Mil. MJ Holdings's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $1.52 Mil. MJ Holdings's debt to equity for the quarter that ended in Sep. 2023 was 0.90.

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

MJNE' s Debt-to-Equity Range Over the Past 10 Years
Min: -36.96 Med: 0.97 Max: 23.35
Current: 0.9

During the past 13 years, the highest Debt-to-Equity Ratio of MJ Holdings was 23.35. The lowest was -36.96. And the median was 0.97.

MJNE's Debt-to-Equity is ranked worse than
83.12% of 853 companies
in the Drug Manufacturers industry
Industry Median: 0.29 vs MJNE: 0.90

MJ Holdings Debt-to-Equity Historical Data

The historical data trend for MJ Holdings'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.

MJ Holdings Debt-to-Equity Chart

MJ Holdings Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.43

2.05

-3.83

0.42

3.61

MJ Holdings 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															0.70	3.61	-36.96	2.51	0.90

Competitive Comparison of MJ Holdings's Debt-to-Equity

For the Drug Manufacturers - Specialty & Generic subindustry, MJ Holdings'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.

MJ Holdings's Debt-to-Equity Distribution in the Drug Manufacturers Industry

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

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

MJ Holdings Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

MJ Holdings'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
	=	(1.157	+	0.599)	/	0.487
	=	3.61

MJ Holdings'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
	=	(0.513	+	0.855)	/	1.52
	=	0.90

MJ Holdings (OTCPK:MJNE) 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.

MJ Holdings Debt-to-Equity Related Terms

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MJ Holdings (MJ Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » MJ Holdings Inc (OTCPK:MJNE) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

5730 Sky Pointe Dr., Suite 102, Las Vegas, NV, USA, 89130

Website

https://www.mjholdingsinc.com

MJ Holdings Inc engages in the provision of consulting and operating services to the regulated cannabis industry. It provides a full spectrum of infrastructure, cultivation management, production management, distribution consulting, and operating services to cultivation and production operators.

Executives

Paris Balaouras	director, 10 percent owner, officer: Chief Cultivation Officer	212 DESERT VIEW, LAS VEGAS NV 89107
David C. Dear	director	101 COLUMNS CIRCLE, SHELBY NC 28150
Bernard Thomas Moyle	officer: Chief Financial Officer	201 W NORTH RIVER DR. #100, SPOKANE WA 99201
Roger James Bloss	officer: Chief Executive Officer	201 W NORTH RIVER DR. #100, SPOKANE WA 99201
Terrence Mcgill Tierney	officer: President	245 E 54TH STREET, #9S, NEW YORK NY 10022
Rsgroberg Consulting Llc	officer: President	1256 PANINI DRIVE, ATTN: RICHARD GROBERG, HENDERSON NV 89052