Greenway Greenhouse Cannabis (Greenway Greenhouse Cannabis) Cash-to-Debt : 0.15 (As of Dec. 2023)

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What is Greenway Greenhouse Cannabis Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Greenway Greenhouse Cannabis's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.15.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Greenway Greenhouse Cannabis couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

The historical rank and industry rank for Greenway Greenhouse Cannabis's Cash-to-Debt or its related term are showing as below:

GWAYF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.12 Med: 0.24 Max: 0.57
Current: 0.15

During the past 3 years, Greenway Greenhouse Cannabis's highest Cash to Debt Ratio was 0.57. The lowest was 0.12. And the median was 0.24.

GWAYF's Cash-to-Debt is ranked worse than
80.31% of 1046 companies
in the Drug Manufacturers industry
Industry Median: 0.93 vs GWAYF: 0.15

Greenway Greenhouse Cannabis Cash-to-Debt Historical Data

The historical data trend for Greenway Greenhouse Cannabis's Cash-to-Debt 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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Greenway Greenhouse Cannabis Cash-to-Debt Chart

Greenway Greenhouse Cannabis Annual Data

Trend

Mar21

Mar22

Mar23

Cash-to-Debt

0.25

0.45

0.26

Greenway Greenhouse Cannabis Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial								0.24	0.14	0.26	0.12	0.15

Competitive Comparison of Greenway Greenhouse Cannabis's Cash-to-Debt

For the Drug Manufacturers - Specialty & Generic subindustry, Greenway Greenhouse Cannabis's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt 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.

Greenway Greenhouse Cannabis's Cash-to-Debt Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Greenway Greenhouse Cannabis's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Greenway Greenhouse Cannabis's Cash-to-Debt falls into.

Greenway Greenhouse Cannabis Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Greenway Greenhouse Cannabis's Cash to Debt Ratio for the fiscal year that ended in Mar. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	2.662	/	(0.285	+	9.915)
	=	0.26

Greenway Greenhouse Cannabis's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	1.754	/	(0.274	+	11.722)
	=	0.15

Greenway Greenhouse Cannabis (OTCPK:GWAYF) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Greenway Greenhouse Cannabis Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Greenway Greenhouse Cannabis's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Greenway Greenhouse Cannabis (Greenway Greenhouse Cannabis) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Greenway Greenhouse Cannabis Corp (OTCPK:GWAYF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

GWAY:Canada

Address

1478 Seacliff Drive, Kingsville, ON, CAN, N9Y 2M2

Website

https://www.greenway.ca

Greenway Greenhouse Cannabis Corp is licensed to cultivate, process and sell to ensures harvests always consist of the highest quality cannabis strains with resinous flowers, trichomes, and rich cannabinoid profiles. The Company's nursery facility is located in Kingsville, Ontario, and its flowering and processing facility is located in Leamington, Ontario. The business model is to supply bulk packaged, high quality cannabis to the Canadian, cannabis industry at prices that ultimately provide a value proposition to the consumers. Greenway has three divisions with various locations; Greenway Nursery, Greenway Cultivation and future plans for Greenway Farmgate Retail Store.

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