EQUATOR Beverage Co (EQUATOR Beverage Co) Debt-to-Equity : 1.24 (As of Mar. 2024)

View and export this data going back to 2008. Start your Free Trial

What is EQUATOR Beverage Co Debt-to-Equity?

EQUATOR Beverage Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.36 Mil. EQUATOR Beverage Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil. EQUATOR Beverage Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $0.29 Mil. EQUATOR Beverage Co's debt to equity for the quarter that ended in Mar. 2024 was 1.24.

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

MOJO' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.12 Med: 1.07 Max: 1.7
Current: 1.24

During the past 13 years, the highest Debt-to-Equity Ratio of EQUATOR Beverage Co was 1.70. The lowest was 0.12. And the median was 1.07.

MOJO's Debt-to-Equity is ranked worse than
86.52% of 89 companies
in the Beverages - Non-Alcoholic industry
Industry Median: 0.29 vs MOJO: 1.24

EQUATOR Beverage Co Debt-to-Equity Historical Data

The historical data trend for EQUATOR Beverage Co'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.

EQUATOR Beverage Co Debt-to-Equity Chart

EQUATOR Beverage Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.14

1.54

0.85

EQUATOR Beverage Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															1.43	1.70	1.02	0.85	1.24

Competitive Comparison of EQUATOR Beverage Co's Debt-to-Equity

For the Beverages - Non-Alcoholic subindustry, EQUATOR Beverage Co'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.

EQUATOR Beverage Co's Debt-to-Equity Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, EQUATOR Beverage Co's Debt-to-Equity distribution charts can be found below:

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

EQUATOR Beverage Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

EQUATOR Beverage Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(0.23	+	0)	/	0.271
	=	0.85

EQUATOR Beverage Co's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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
	=	(0.36	+	0)	/	0.29
	=	1.24

EQUATOR Beverage Co (OTCPK:MOJO) 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.

EQUATOR Beverage Co Debt-to-Equity Related Terms

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

EQUATOR Beverage Co (EQUATOR Beverage Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » EQUATOR Beverage Co (OTCPK:MOJO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

185 Hudson Street, Floor 25, Jersey City, NJ, USA, 07302

Website

https://www.equatorbeverage.com

EQUATOR Beverage Co is engaged in developing, producing, distributing, and marketing new beverage products. Its beverages have been certified Non-GMO Project Verified and USDA Organic, and It offers both nonalcoholic and ready-to-drink alcoholic options. In addition, It has a line of sparkling energy beverages targeted towards female consumers. Its beverages can be found in North America, the Caribbean, and Bermuda. It is committed to sustainability and use 100 percent recyclable, eco-friendly packaging that has a minimal impact on the environment. Furthermore, its products are plant-based, renewable, and eco-friendly. Coconut water is nature's hydration drink for the skin and body. In each 11 oz serving there are five essential electrolytes totaling 1043 mg more than other sports drinks.

Executives

Peter Spinner	director, 10 percent owner, officer: Chief Operating Officer	101 HUDSON STREET, 21ST FLOOR, JERSEY CITY NJ 07302
Robert Kaufman	director	C/O MOJO ORGANICS, INC., 101 HUDSON STREET, 21ST FLOOR, JERSEY CITY NJ 07302
Jeffrey Devlin	director	875 NORTH MICHIGAN AVENUE, 2929, CHICAGO IL 60611
Glenn Simpson	director, 10 percent owner, officer: Chief Executive Officer	101 HUDSON STREET, 21ST FLOOR, JERSEY CITY NJ 07302
Richard X. Seet	director	101 HUDSON STREET, 21ST FLOOR, JERSEY CITY NJ 07302