New Leaf Ventures (XCNQ:NLV) Debt-to-Equity : -2.27 (As of Sep. 2023)

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What is New Leaf Ventures Debt-to-Equity?

New Leaf Ventures's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$2.43 Mil. New Leaf Ventures's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$1.53 Mil. New Leaf Ventures's Total Stockholders Equity for the quarter that ended in Sep. 2023 was C$-1.74 Mil. New Leaf Ventures's debt to equity for the quarter that ended in Sep. 2023 was -2.27.

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 New Leaf Ventures's Debt-to-Equity or its related term are showing as below:

XCNQ:NLV' s Debt-to-Equity Range Over the Past 10 Years
Min: -12.99 Med: 1.48 Max: 13.17
Current: -2.27

During the past 5 years, the highest Debt-to-Equity Ratio of New Leaf Ventures was 13.17. The lowest was -12.99. And the median was 1.48.

XCNQ:NLV's Debt-to-Equity is not ranked
in the Drug Manufacturers industry.
Industry Median: 0.3 vs XCNQ:NLV: -2.27

New Leaf Ventures Debt-to-Equity Historical Data

The historical data trend for New Leaf Ventures'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.

New Leaf Ventures Debt-to-Equity Chart

New Leaf Ventures Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

-1.00

-12.99

2.97

-1.49

New Leaf Ventures Quarterly Data
	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														0.94	-1.49	-4.04	-3.04	-2.27

Competitive Comparison of New Leaf Ventures's Debt-to-Equity

For the Drug Manufacturers - Specialty & Generic subindustry, New Leaf Ventures'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.

New Leaf Ventures's Debt-to-Equity Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where New Leaf Ventures's Debt-to-Equity falls into.

New Leaf Ventures Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

New Leaf Ventures'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
	=	(0.264	+	1.758)	/	-1.354
	=	-1.49

New Leaf Ventures'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
	=	(2.431	+	1.533)	/	-1.743
	=	-2.27

New Leaf Ventures (XCNQ:NLV) 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.

New Leaf Ventures Debt-to-Equity Related Terms

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New Leaf Ventures (XCNQ:NLV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » New Leaf Ventures Inc (XCNQ:NLV) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

NLVVF:USA 0IC0:Germany

Address

1030 West Georgia Street, Suite 1910, Vancouver, BC, CAN, V6C 2Y3

Website

https://www.newleafventuresinc.com

New Leaf Ventures Inc is a licensed producer and processor of ultra-premium cannabis and cannabis related products.

Executives

Ryan David Arthur

Director

New Leaf Ventures (XCNQ:NLV) Headlines

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