Nova Cannabis Inc (NOVC.TO)
1.75
0.00 (0.00%)
CAD |
TSX |
Oct 22, 16:00
Nova Cannabis Debt to Equity Ratio: 0.2112 for June 30, 2024
Debt to Equity Ratio Chart
Historical Debt to Equity Ratio Data
| Date | Value |
|---|---|
| June 30, 2024 | 0.2112 |
| 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
0.1496
Average
0.1814
Median
Dec 2022
Debt to Equity Ratio Benchmarks
| Relevium Technologies Inc | -- |
| High Tide Inc | 0.1932 |
| PeakBirch Commerce Inc | -- |
| Kiaro Holdings Corp | -- |
| Shiny Health & Wellness Corp | -1.171 |
Debt to Equity Ratio Related Metrics
| Total Assets (Quarterly) | 131.98M |
| Total Liabilities (Quarterly) | 74.34M |
| Shareholders Equity (Quarterly) | 57.64M |
| Current Ratio | 1.959 |
| Net Debt Paydown Yield | -0.30% |