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Odd Burger (TSXV:ODD) Debt-to-Equity : -1.56 (As of Dec. 2023)


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What is Odd Burger Debt-to-Equity?

Odd Burger's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$0.77 Mil. Odd Burger's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was C$2.48 Mil. Odd Burger's Total Stockholders Equity for the quarter that ended in Dec. 2023 was C$-2.08 Mil. Odd Burger's debt to equity for the quarter that ended in Dec. 2023 was -1.56.

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 Odd Burger's Debt-to-Equity or its related term are showing as below:

TSXV:ODD' s Debt-to-Equity Range Over the Past 10 Years
Min: -8.67   Med: 0.78   Max: 15.59
Current: -1.56

During the past 4 years, the highest Debt-to-Equity Ratio of Odd Burger was 15.59. The lowest was -8.67. And the median was 0.78.

TSXV:ODD's Debt-to-Equity is not ranked
in the Restaurants industry.
Industry Median: 0.94 vs TSXV:ODD: -1.56

Odd Burger Debt-to-Equity Historical Data

The historical data trend for Odd Burger'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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Odd Burger Debt-to-Equity Chart

Odd Burger Annual Data
Trend Sep20 Sep21 Sep22 Sep23
Debt-to-Equity
-0.36 0.50 2.17 -1.61

Odd Burger Quarterly Data
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 15.59 5.65 -8.67 -1.61 -1.56

Competitive Comparison of Odd Burger's Debt-to-Equity

For the Restaurants subindustry, Odd Burger'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.

Odd Burger's Debt-to-Equity Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Odd Burger's Debt-to-Equity distribution charts can be found below:

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


Odd Burger Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Odd Burger's Debt to Equity Ratio for the fiscal year 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
=(0.503 + 2.385) / -1.793
=-1.61

Odd Burger'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
=(0.774 + 2.481) / -2.084
=-1.56

* 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.

Odd Burger  (TSXV:ODD) 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.

Odd Burger Debt-to-Equity Related Terms

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

Odd Burger (TSXV:ODD) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Odd Burger Corp (TSXV:ODD) » Definitions » Debt-to-Equity
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Traded in Other Exchanges
ODDAF:USA IA9:Germany
Address
505 Consortium Court, London, ON, CAN, N6E 2S8
Website
https://www.oddburger.com
Odd Burger Corp is a plant-based food technology company that manufactures and distributes plant-based protein and dairy alternatives using locally sourced and sustainable ingredients. It distributes its products through a proprietary food service line to company-owned and franchised fast-food restaurant locations. Its restaurant locations operate as smart kitchens, which use state-of-the-art cooking technology and automation solutions to deliver a delicious food experience to customers craving healthier and more sustainable fast food. The company operates a manufacturing facility and has restaurant locations in Canada.