Humble & Fume (XCNQ:HMBL) Debt-to-Equity : 0.50 (As of Jun. 2023)

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What is Humble & Fume Debt-to-Equity?

Humble & Fume's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was C$1.24 Mil. Humble & Fume's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was C$4.55 Mil. Humble & Fume's Total Stockholders Equity for the quarter that ended in Jun. 2023 was C$11.64 Mil. Humble & Fume's debt to equity for the quarter that ended in Jun. 2023 was 0.50.

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 Humble & Fume's Debt-to-Equity or its related term are showing as below:

XCNQ:HMBL' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.29 Max: 12.79
Current: 0.5

During the past 5 years, the highest Debt-to-Equity Ratio of Humble & Fume was 12.79. The lowest was 0.07. And the median was 0.29.

XCNQ:HMBL's Debt-to-Equity is not ranked
in the Tobacco Products industry.
Industry Median: 0.23 vs XCNQ:HMBL: 0.50

Humble & Fume Debt-to-Equity Historical Data

The historical data trend for Humble & Fume'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.

Humble & Fume Debt-to-Equity Chart

Humble & Fume Annual Data

Trend

Jul19

Jun20

Jun21

Jun22

Jun23

Debt-to-Equity

12.79

0.07

0.08

0.50

Humble & Fume Quarterly Data
	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Sep21	Dec21	Mar22	Jun22	Dec22	Mar23	Jun23
Debt-to-Equity	Get a 7-Day Free Trial										0.04	0.08	0.32	0.40	0.50

Competitive Comparison of Humble & Fume's Debt-to-Equity

For the Tobacco subindustry, Humble & Fume'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.

Humble & Fume's Debt-to-Equity Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, Humble & Fume's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Humble & Fume's Debt-to-Equity falls into.

Humble & Fume Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Humble & Fume's Debt to Equity Ratio for the fiscal year that ended in Jun. 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
	=	(1.243	+	4.546)	/	11.644
	=	0.50

Humble & Fume's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(1.243	+	4.546)	/	11.644
	=	0.50

Humble & Fume (XCNQ:HMBL) 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.

Humble & Fume Debt-to-Equity Related Terms

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Humble & Fume (XCNQ:HMBL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Humble & Fume Inc (XCNQ:HMBL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

HUMBF:USA

Address

1 Eva Road, Suite 416, Etobicoke, ON, CAN, M9C 4Z5

Website

https://www.humbleandfume.com

Humble & Fume Inc is a cannabis distribution solution providing customer-centric services and accessories. It is a fully integrated cannabis distribution solution for retailers, Canadian licensed cannabis producers, American multi-state operators, and cannabis customers. Its products include Amethyst Crystal Pipe, Invincipole Replacement Screens, Replacement Bowl Screens, Invincipole Aluminum & Steel Downstem, MouthPeace Filter Refill Display, MouthPeace Full Kit Display, Unbleached Pure Wood Cones, Blend Unbleached Pure Hemp & Flax Cones among others. The firm operates in the segment in two geographical locations: Canada and the USA of which it generates substantial revenue from the USA.