Nova Cannabis Inc (NOVC.TO)
1.25
+0.02
(+1.63%)
CAD |
TSX |
May 17, 15:56
Nova Cannabis Debt to Equity Ratio: 0.2962 for March 31, 2024
Debt to Equity Ratio Chart
Historical Debt to Equity Ratio Data
| Date | Value |
|---|---|
| March 31, 2024 | 0.2962 |
| December 31, 2023 | 0.295 |
| September 30, 2023 | 0.2862 |
| June 30, 2023 | 0.2479 |
| March 31, 2023 | 0.2322 |
| December 31, 2022 | 0.1814 |
| September 30, 2022 | 0.1859 |
| Date | Value |
|---|---|
| June 30, 2022 | 0.1775 |
| March 31, 2022 | 0.0815 |
| December 31, 2021 | 0.00 |
| September 30, 2021 | 0.00 |
| June 30, 2021 | 0.00 |
| March 31, 2021 | 0.0478 |
| December 31, 2020 | 0.0013 |
Debt to Equity Ratio Definition
The debt to equity ratio measures the (Long Term Debt + Current Portion of Long Term Debt) / Total Shareholders' Equity. This metric is useful when analyzing the health of a company's balance sheet.
Debt to Equity Ratio Range, Past 5 Years
--
Minimum
Jun 2021
0.2962
Maximum
Mar 2024
0.1452
Average
0.1794
Median
Debt to Equity Ratio Benchmarks
| Relevium Technologies Inc | -- |
| Gaby Inc | -1.088 |
| High Tide Inc | 0.2103 |
| PeakBirch Commerce Inc | -- |
| Neighbourly Pharmacy Inc (DELISTED) | 0.4485 |
Debt to Equity Ratio Related Metrics
| Total Assets (Quarterly) | 125.32M |
| Total Liabilities (Quarterly) | 74.68M |
| Shareholders Equity (Quarterly) | 50.64M |
| Current Ratio | 1.195 |
| Net Debt Paydown Yield | -1.25% |