Planet Based Foods Global (XCNQ:PBF) Debt-to-Equity : -0.66 (As of Sep. 2023)

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What is Planet Based Foods Global Debt-to-Equity?

Planet Based Foods Global's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$0.01 Mil. Planet Based Foods Global's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was C$0.40 Mil. Planet Based Foods Global's Total Stockholders Equity for the quarter that ended in Sep. 2023 was C$-0.63 Mil. Planet Based Foods Global's debt to equity for the quarter that ended in Sep. 2023 was -0.66.

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

XCNQ:PBF' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.66 Med: 0 Max: 0.08
Current: -0.66

During the past 2 years, the highest Debt-to-Equity Ratio of Planet Based Foods Global was 0.08. The lowest was -0.66. And the median was 0.00.

XCNQ:PBF's Debt-to-Equity is not ranked
in the Drug Manufacturers industry.
Industry Median: 0.29 vs XCNQ:PBF: -0.66

Planet Based Foods Global Debt-to-Equity Historical Data

The historical data trend for Planet Based 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.

Planet Based Foods Global Debt-to-Equity Chart

Planet Based Foods Global Annual Data

Trend

Dec21

Dec22

Debt-to-Equity

0.08

Planet Based Foods Global Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial			-	-	-	-	-0.66

Competitive Comparison of Planet Based Foods Global's Debt-to-Equity

For the Drug Manufacturers - Specialty & Generic subindustry, Planet Based 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.

Planet Based Foods Global's Debt-to-Equity Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Planet Based Foods Global's Debt-to-Equity distribution charts can be found below:

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

Planet Based Foods Global Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Planet Based 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
	=	(0	+	0)	/	2.247
	=	0.00

Planet Based 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
	=	(0.014	+	0.403)	/	-0.629
	=	-0.66

Planet Based Foods Global (XCNQ:PBF) 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.

Planet Based Foods Global Debt-to-Equity Related Terms

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Planet Based Foods Global (XCNQ:PBF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Planet Based Foods Global Inc (XCNQ:PBF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

PBFFF:USA AZ00:Germany

Address

1055 West Hastings Street, Suite 2250, Vancouver, BC, CAN, V6E 2E9

Website

https://www.planetbasedfoods.com

Planet Based Foods Global Inc is focused on producing natural, low processed, and nutritional choices that are better for people and the planet. The Company currently offers vegan meat alternatives derived from hemp proteins including burgers, breakfast sausages, burger crumbles, and sausage crumbles.