Mojave Brands (XCNQ:MOJO) Debt-to-Equity : 0.00 (As of Feb. 2024)

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What is Mojave Brands Debt-to-Equity?

Mojave Brands's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$0.00 Mil. Mojave Brands's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2024 was C$0.00 Mil. Mojave Brands's Total Stockholders Equity for the quarter that ended in Feb. 2024 was C$0.53 Mil. Mojave Brands's debt to equity for the quarter that ended in Feb. 2024 was 0.00.

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 Mojave Brands's Debt-to-Equity or its related term are showing as below:

During the past 13 years, the highest Debt-to-Equity Ratio of Mojave Brands was 19.00. The lowest was -0.75. And the median was 0.06.

XCNQ:MOJO's Debt-to-Equity is not ranked ^*
in the Drug Manufacturers industry.
Industry Median: 0.3
* Ranked among companies with meaningful Debt-to-Equity only.

Mojave Brands Debt-to-Equity Historical Data

The historical data trend for Mojave Brands'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.

Mojave Brands Debt-to-Equity Chart

Mojave Brands Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Debt-to-Equity

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0.01

0.24

0.08

0.06

Mojave Brands Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Debt-to-Equity	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Mojave Brands's Debt-to-Equity

For the Drug Manufacturers - Specialty & Generic subindustry, Mojave Brands'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.

Mojave Brands's Debt-to-Equity Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Mojave Brands's Debt-to-Equity distribution charts can be found below:

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

Mojave Brands Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Mojave Brands's Debt to Equity Ratio for the fiscal year that ended in Aug. 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	+	0)	/	0.635
	=	0.00

Mojave Brands's Debt to Equity Ratio for the quarter that ended in Feb. 2024 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	+	0)	/	0.531
	=	0.00

Mojave Brands (XCNQ:MOJO) 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.

Mojave Brands Debt-to-Equity Related Terms

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Mojave Brands (XCNQ:MOJO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Mojave Brands Inc (XCNQ:MOJO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

HHPHF:USA 0HC0:Germany

Address

1055 W. Georgia Street, Suite 2050, P.O. Box 11121, Royal Centre, Vancouver, BC, CAN, V6E 3P3

Website

https://www.mojavejane.com

Mojave Brands Inc is a Canada-based cannabis company serving California's recreational markets. The company's assets are set up as a vertical stack including cultivation to scale, branding, packaging, manufacturing and processing, a distribution arm, and the edibles brand CaliGold. Operating out of licensed strategic locations, the company is leveraging its consumer and brand-focused business model to generate sustainable profits by delivering a quality product.

Executives

Peeyush Kumar Varshney

Director