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Veritas Farms (Veritas Farms) Cash-to-Debt : 0.02 (As of Sep. 2023)


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What is Veritas Farms 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. Veritas Farms's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.02.

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, Veritas Farms couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

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

VFRM' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01   Med: 0.13   Max: No Debt
Current: 0.02

During the past 7 years, Veritas Farms's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 0.13.

VFRM's Cash-to-Debt is ranked worse than
95.6% of 1046 companies
in the Drug Manufacturers industry
Industry Median: 0.95 vs VFRM: 0.02

Veritas Farms Cash-to-Debt Historical Data

The historical data trend for Veritas Farms'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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Veritas Farms Cash-to-Debt Chart

Veritas Farms Annual Data
Trend Jan16 Jan17 Dec18 Dec19 Dec20 Dec21 Dec22
Cash-to-Debt
Get a 7-Day Free Trial 0.32 2.79 0.05 0.24 0.01

Veritas Farms Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Cash-to-Debt Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.03 0.01 0.08 0.04 0.02

Competitive Comparison of Veritas Farms's Cash-to-Debt

For the Drug Manufacturers - Specialty & Generic subindustry, Veritas Farms'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.


Veritas Farms's Cash-to-Debt Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Veritas Farms's Cash-to-Debt falls into.



Veritas Farms 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.

Veritas Farms's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 is calculated as:

Veritas Farms's Cash to Debt Ratio for the quarter that ended in Sep. 2023 is calculated as:

* 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.


Veritas Farms  (OTCPK:VFRM) 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.


Veritas Farms Cash-to-Debt Related Terms

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Veritas Farms (Veritas Farms) Business Description

Traded in Other Exchanges
N/A
Address
401 E. Las Olas Boulevard, Suite 1400, Fort Lauderdale, FL, USA, 33001
Veritas Farms Inc is engaged in producing natural rich-hemp products, using strict natural protocols and materials yielding broad spectrum phytocannabinoid rich hemp oils, distillates and isolates. Its products include Full Spectrum CBD Tincture, Full Spectrum CBD Salve, Full Spectrum CBD Capsules, Full Spectrum CBD Lotion and Others.