Nabati Foods Global (XCNQ:MEAL) Debt-to-Equity : -0.49 (As of Sep. 2023)

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What is Nabati Foods Global Debt-to-Equity?

Nabati Foods Global's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$2.08 Mil. Nabati Foods Global's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$0.54 Mil. Nabati Foods Global's Total Stockholders Equity for the quarter that ended in Sep. 2023 was C$-5.39 Mil. Nabati Foods Global's debt to equity for the quarter that ended in Sep. 2023 was -0.49.

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 Nabati Foods Global's Debt-to-Equity or its related term are showing as below:

XCNQ:MEAL' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.61 Med: -0.49 Max: 0.03
Current: -0.49

During the past 3 years, the highest Debt-to-Equity Ratio of Nabati Foods Global was 0.03. The lowest was -0.61. And the median was -0.49.

XCNQ:MEAL's Debt-to-Equity is not ranked
in the Consumer Packaged Goods industry.
Industry Median: 0.41 vs XCNQ:MEAL: -0.49

Nabati Foods Global Debt-to-Equity Historical Data

The historical data trend for Nabati Foods Global'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.

Nabati Foods Global Debt-to-Equity Chart

Nabati Foods Global Annual Data

Trend

Dec20

Dec21

Dec22

Debt-to-Equity

-0.38

-0.61

-0.48

Nabati Foods Global Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial								-0.50	-0.48	-0.49	-0.48	-0.49

Competitive Comparison of Nabati Foods Global's Debt-to-Equity

For the Packaged Foods subindustry, Nabati Foods Global'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.

Nabati Foods Global's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where Nabati Foods Global's Debt-to-Equity falls into.

Nabati Foods Global Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nabati Foods Global'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
	=	(1.548	+	0.813)	/	-4.967
	=	-0.48

Nabati Foods Global'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
	=	(2.084	+	0.544)	/	-5.391
	=	-0.49

Nabati Foods Global (XCNQ:MEAL) 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.

Nabati Foods Global Debt-to-Equity Related Terms

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Nabati Foods Global (XCNQ:MEAL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Nabati Foods Global Inc (XCNQ:MEAL) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

7UW:Germany

Address

1570 - 505 Burrard Street, Vancouver, BC, CAN, V7X 1M5

Website

https://www.nabati.ca

Nabati Foods Global Inc is an plant-based food technology company that designs, develops, produces, distributes and sells a variety of plant-based meat and other food alternatives.

Nabati Foods Global (XCNQ:MEAL) Headlines

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