Enveric Biosciences Debt-to-Equity Ratio Growth & History (ENVB)

Enveric Biosciences's debt-to-equity ratio was 0.00 for fiscal 2023.

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Enveric Biosciences annual debt-to-equity ratio history

Enveric Biosciences annual debt-to-equity ratio

Fiscal yearPeriod endedDebt-to-equity ratioChangeGrowth
20232023-12-310.00−0.00
20222022-12-310.00−0.00−44.97%
20212021-12-310.01
20182018-12-310.120.06+99.86%
20172017-12-310.06−0.37−86.52%
20162016-12-310.43−18.91−97.77%
20152015-12-3119.34

Enveric Biosciences debt-to-equity ratio trends

Over the last five fiscal years, Enveric Biosciences's debt-to-equity ratio decreased from 0.12 to 0.00, a change of −0.12. The latest reported quarter, Q2 2023, shows 0.00.

About the metric

What the debt-to-equity ratio means

The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.

Calculation and source

How debt-to-equity is calculated

TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.

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