Jamieson Wellness (TSX:JWEL) Debt-to-Equity : 0.74 (As of Dec. 2023)

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What is Jamieson Wellness Debt-to-Equity?

Jamieson Wellness's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.0 Mil. Jamieson Wellness's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$325.0 Mil. Jamieson Wellness's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$438.9 Mil. Jamieson Wellness's debt to equity for the quarter that ended in Dec. 2023 was 0.74.

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 Jamieson Wellness's Debt-to-Equity or its related term are showing as below:

TSX:JWEL' s Debt-to-Equity Range Over the Past 10 Years
Min: -8.27 Med: 0.57 Max: 0.93
Current: 0.74

During the past 10 years, the highest Debt-to-Equity Ratio of Jamieson Wellness was 0.93. The lowest was -8.27. And the median was 0.57.

TSX:JWEL's Debt-to-Equity is ranked worse than
68.44% of 1638 companies
in the Consumer Packaged Goods industry
Industry Median: 0.41 vs TSX:JWEL: 0.74

Jamieson Wellness Debt-to-Equity Historical Data

The historical data trend for Jamieson Wellness'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.

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Jamieson Wellness Debt-to-Equity Chart

Jamieson Wellness Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.64

0.51

0.44

0.93

0.74

Jamieson Wellness Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.93	0.90	0.78	0.66	0.74

Competitive Comparison of Jamieson Wellness's Debt-to-Equity

For the Packaged Foods subindustry, Jamieson Wellness'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.

Jamieson Wellness's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Jamieson Wellness's Debt-to-Equity distribution charts can be found below:

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

Jamieson Wellness Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Jamieson Wellness'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	+	325)	/	438.933
	=	0.74

Jamieson Wellness's Debt to Equity Ratio for the quarter 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	+	325)	/	438.933
	=	0.74

Jamieson Wellness (TSX:JWEL) 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.

Jamieson Wellness Debt-to-Equity Related Terms

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Jamieson Wellness (TSX:JWEL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Jamieson Wellness Inc (TSX:JWEL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

JWLLF:USA 2JW:Germany

Address

1 Adelaide Street East, Suite 2200, Toronto, ON, CAN, M5C 2V9

Website

http://www.jamiesonwellness.com

Jamieson Wellness Inc is engaged in the manufacturing, distributing, and marketing of branded natural health products, including vitamins, minerals, and supplements. The company operates in two segments: The Jamieson brands and The Strategic Partners. The majority of its revenue comes from the Jamieson brand segment. Some of its brands are Jamieson, Progressive, Precision, and Iron Vegan. Geographically, most of its revenue is derived from the domestic market.

Executives

Donald Bird

Senior Officer