Vice Health and Wellness (XCNQ:VICE) Debt-to-Equity : 0.00 (As of Jun. 2023)

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What is Vice Health and Wellness Debt-to-Equity?

Vice Health and Wellness's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was C$0.00 Mil. Vice Health and Wellness's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was C$0.00 Mil. Vice Health and Wellness's Total Stockholders Equity for the quarter that ended in Jun. 2023 was C$0.24 Mil. Vice Health and Wellness's debt to equity for the quarter that ended in Jun. 2023 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 Vice Health and Wellness's Debt-to-Equity or its related term are showing as below:

XCNQ:VICE' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.04 Max: 0.07
Current: 0.01

During the past 13 years, the highest Debt-to-Equity Ratio of Vice Health and Wellness was 0.07. The lowest was 0.03. And the median was 0.04.

XCNQ:VICE's Debt-to-Equity is ranked better than
99.94% of 1637 companies
in the Consumer Packaged Goods industry
Industry Median: 0.41 vs XCNQ:VICE: 0.01

Vice Health and Wellness Debt-to-Equity Historical Data

The historical data trend for Vice Health and Wellness'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.

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Vice Health and Wellness Debt-to-Equity Chart

Vice Health and Wellness Annual Data

Trend

Dec13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Debt-to-Equity

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0.05

0.04

Vice Health and Wellness Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Debt-to-Equity	Get a 7-Day Free Trial															0.03	0.04	0.03	-	-

Competitive Comparison of Vice Health and Wellness's Debt-to-Equity

For the Confectioners subindustry, Vice Health and Wellness'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.

Vice Health and Wellness's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Vice Health and Wellness's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Vice Health and Wellness's Debt-to-Equity falls into.

Vice Health and Wellness Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Vice Health and Wellness's Debt to Equity Ratio for the fiscal year that ended in Sep. 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
	=	(0.013	+	0)	/	0.329
	=	0.04

Vice Health and Wellness'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
	=	(0	+	0)	/	0.244
	=	0.00

Vice Health and Wellness (XCNQ:VICE) 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.

Vice Health and Wellness Debt-to-Equity Related Terms

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Vice Health and Wellness (XCNQ:VICE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Vice Health and Wellness Inc (XCNQ:VICE) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

VICFF:USA Z24:Germany

Address

734 - 1055 Dunsmuir Street, Vancouver, BC, CAN, V7X 1B1

Website

https://www.shopgummies.com

Vice Health and Wellness Inc formerly The Gummy Project sells low-sugar, plant-based gummy products while raising money (and awareness) to support endangered keystone species. It operates "better for you" candy company that is built to support planet's most precious species and ecosystems, while educating our future generations on the steps we must take today, to ensure a viable tomorrow.