CubicFarm Systems (TSXV:CUB) Debt-to-Equity : -0.89 (As of Sep. 2023)

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What is CubicFarm Systems Debt-to-Equity?

CubicFarm Systems's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$2.62 Mil. CubicFarm Systems's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$13.69 Mil. CubicFarm Systems's Total Stockholders Equity for the quarter that ended in Sep. 2023 was C$-18.39 Mil. CubicFarm Systems's debt to equity for the quarter that ended in Sep. 2023 was -0.89.

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 CubicFarm Systems's Debt-to-Equity or its related term are showing as below:

TSXV:CUB' s Debt-to-Equity Range Over the Past 10 Years
Min: -1.37 Med: 0.11 Max: 0.81
Current: -0.89

During the past 5 years, the highest Debt-to-Equity Ratio of CubicFarm Systems was 0.81. The lowest was -1.37. And the median was 0.11.

TSXV:CUB's Debt-to-Equity is not ranked
in the Farm & Heavy Construction Machinery industry.
Industry Median: 0.41 vs TSXV:CUB: -0.89

CubicFarm Systems Debt-to-Equity Historical Data

The historical data trend for CubicFarm Systems'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.

CubicFarm Systems Debt-to-Equity Chart

CubicFarm Systems Annual Data

Trend

Jun18

Jun19

Jun20

Dec21

Dec22

Debt-to-Equity

0.12

0.11

-1.37

CubicFarm Systems 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															0.81	-1.37	-1.18	-0.89	-0.89

Competitive Comparison of CubicFarm Systems's Debt-to-Equity

For the Farm & Heavy Construction Machinery subindustry, CubicFarm Systems'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.

CubicFarm Systems's Debt-to-Equity Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, CubicFarm Systems's Debt-to-Equity distribution charts can be found below:

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

CubicFarm Systems Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

CubicFarm Systems'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
	=	(2.79	+	10.876)	/	-9.968
	=	-1.37

CubicFarm Systems'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
	=	(2.621	+	13.691)	/	-18.392
	=	-0.89

CubicFarm Systems (TSXV:CUB) 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.

CubicFarm Systems Debt-to-Equity Related Terms

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CubicFarm Systems (TSXV:CUB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » CubicFarm Systems Corp (TSXV:CUB) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CUBXD:USA

Address

7170 Glover Road, Langley, BC, CAN, V2Y 2R1

Website

https://www.cubicfarms.com

CubicFarm Systems Corp is an ag-tech company providing automated growing systems for fresh produce and animal feed using HydroGreen Nutrition Technology. It offers turnkey, commercial scale, hydroponic, localized food supply solution automated controlled-environment growing systems that can grow predictably and sustainably anywhere on earth. The company enables its customers to grow locally and to provide their markets with safe, sustainable, secure, and fresh ingredients that are consistent in color, size, taste, and nutrition and allows for longer shelf life. The Company has patented technology for auto harvesting and processing methods for growing leafy greens and other crops onsite, indoors, all year round.