Maple Leaf Green World (XCNQ:MGW) Cash-to-Debt : 0.01 (As of Sep. 2023)

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What is Maple Leaf Green World 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. Maple Leaf Green World's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.01.

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, Maple Leaf Green World 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 Maple Leaf Green World's Cash-to-Debt or its related term are showing as below:

XCNQ:MGW' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.43 Max: No Debt
Current: 0.01

During the past 13 years, Maple Leaf Green World's highest Cash to Debt Ratio was No Debt. The lowest was 0.00. And the median was 0.43.

XCNQ:MGW's Cash-to-Debt is ranked worse than
97.61% of 1047 companies
in the Drug Manufacturers industry
Industry Median: 0.93 vs XCNQ:MGW: 0.01

Maple Leaf Green World Cash-to-Debt Historical Data

The historical data trend for Maple Leaf Green World'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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Maple Leaf Green World Cash-to-Debt Chart

Maple Leaf Green World Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

Get a 7-Day Free Trial

0.35

0.02

0.04

Maple Leaf Green World 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															0.05	-	0.02	0.03	0.01

Competitive Comparison of Maple Leaf Green World's Cash-to-Debt

For the Drug Manufacturers - Specialty & Generic subindustry, Maple Leaf Green World'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.

Maple Leaf Green World's Cash-to-Debt Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Maple Leaf Green World's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Maple Leaf Green World's Cash-to-Debt falls into.

Maple Leaf Green World 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.

Maple Leaf Green World's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 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)
	=	0.01	/	(2.199	+	0.057)
	=	0.00

Maple Leaf Green World's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	0.014	/	(2.418	+	0.064)
	=	0.01

Maple Leaf Green World (XCNQ:MGW) 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.

Maple Leaf Green World Cash-to-Debt Related Terms

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Maple Leaf Green World (XCNQ:MGW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Maple Leaf Green World Inc (XCNQ:MGW) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

MGWFF:USA 4HV0:Germany

Address

1222 - 11th Avenue SW, Suite 203, Calgary, AB, CAN, T3C 0M4

Website

https://www.mlgreenworld.com

Maple Leaf Green World Inc is focused on the health and wellness industry in North America and China. It has a hemp project in Southern California and an essential oil project in China. With over 10 years of extensive greenhouse management experience, the company applies its eco-agriculture knowledge and cultivation technology to produce contaminant-free hemp products. Maple Leaf's long-term objective is to produce hemp and essential oils for North America and international markets.

Executives

Terence Keung Cheung Lam

Director, Senior Officer

Maple Leaf Green World (XCNQ:MGW) Headlines

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