The Planting Hope Co (The Planting Hope Co) Debt-to-Equity : -1.69 (As of Sep. 2023)

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What is The Planting Hope Co Debt-to-Equity?

The Planting Hope Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $2.10 Mil. The Planting Hope Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $4.34 Mil. The Planting Hope Co's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $-3.82 Mil. The Planting Hope Co's debt to equity for the quarter that ended in Sep. 2023 was -1.68.

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 The Planting Hope Co's Debt-to-Equity or its related term are showing as below:

MYLKF' s Debt-to-Equity Range Over the Past 10 Years
Min: -2.89 Med: -0.77 Max: 6.67
Current: -1.69

During the past 2 years, the highest Debt-to-Equity Ratio of The Planting Hope Co was 6.67. The lowest was -2.89. And the median was -0.77.

MYLKF's Debt-to-Equity is not ranked
in the Consumer Packaged Goods industry.
Industry Median: 0.41 vs MYLKF: -1.69

The Planting Hope Co Debt-to-Equity Historical Data

The historical data trend for The Planting Hope 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.

The Planting Hope Co Debt-to-Equity Chart

The Planting Hope Co Annual Data

Trend

Dec21

Dec22

Debt-to-Equity

-0.80

2.50

The Planting Hope Co Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial					3.10	-2.89	2.50	N/A	-1.69

Competitive Comparison of The Planting Hope Co's Debt-to-Equity

For the Packaged Foods subindustry, The Planting Hope 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.

The Planting Hope Co's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, The Planting Hope Co's Debt-to-Equity distribution charts can be found below:

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

The Planting Hope Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

The Planting Hope Co'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
	=	(3.151	+	0.945)	/	1.639
	=	2.50

The Planting Hope Co'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
	=	(2.1	+	4.342)	/	-3.824
	=	-1.68

The Planting Hope Co (OTCPK:MYLKF) 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.

The Planting Hope Co Debt-to-Equity Related Terms

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The Planting Hope Co (The Planting Hope Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » The Planting Hope Co Inc (OTCPK:MYLKF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

J94:Germany MYLK:Canada

Address

725 Granville Street, Suite 400, Vancouver, BC, CAN, V7Y 1G5

Website

https://www.plantinghopecompany.com

The Planting Hope Co Inc develops, launches, and scales plant-based, nutritious, and planet-friendly food and beverage brands across the United States and Canada. The company's products fill key unmet needs in the skyrocketing plant-based food and beverage space. It focuses on nutrition, sustainability, and diversity, with an ongoing mission. Its brands include Hope and Sesame sesame milk, a sustainable dairy alternative that is nutritionally comparable to dairy milk; Mozaics real veggie chips, a popped alternative to fried potato chips featuring visible peas and beans as principal ingredients; Veggicopia single-serving plant-based dips cups and snack olives that have extended shelf-life, require no refrigeration and lowers the carbon footprint.