TILT Holdings (FRA:0T01) Cash-to-Debt : 0.02 (As of Sep. 2024)

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What is TILT Holdings 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. TILT Holdings's cash to debt ratio for the quarter that ended in Sep. 2024 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, TILT Holdings couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

FRA:0T01' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.11 Max: No Debt
Current: 0.02

During the past 13 years, TILT Holdings's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 0.11.

FRA:0T01's Cash-to-Debt is ranked worse than
95.4% of 1022 companies
in the Drug Manufacturers industry
Industry Median: 0.935 vs FRA:0T01: 0.02

TILT Holdings Cash-to-Debt Historical Data

The historical data trend for TILT Holdings'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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TILT Holdings Cash-to-Debt Chart

TILT Holdings Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.03

0.10

0.04

0.02

TILT Holdings Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial															0.01	0.02	0.02	0.01	0.02

Competitive Comparison of TILT Holdings's Cash-to-Debt

For the Drug Manufacturers - Specialty & Generic subindustry, TILT Holdings'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.

TILT Holdings's Cash-to-Debt Distribution in the Drug Manufacturers Industry

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

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

TILT Holdings 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.

TILT Holdings's Cash to Debt Ratio for the fiscal year 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)
	=	1.865	/	(16.806	+	84.058)
	=	0.02

TILT Holdings's Cash to Debt Ratio for the quarter that ended in Sep. 2024 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)
	=	2.351	/	(26.411	+	84.887)
	=	0.02

TILT Holdings (FRA:0T01) 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.

TILT Holdings Cash-to-Debt Related Terms

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TILT Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » TILT Holdings Inc (FRA:0T01) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

TLLTF:USA TILT:Canada

Address

2801 East Camelback Road, Suite 180, Phoenix, AZ, USA, 85016

Website

https://www.tiltholdings.com

TILT Holdings Inc is a business solutions provider to the cannabis industry. The company helps cannabis businesses build brands through a portfolio of companies providing technology, hardware, cultivation, and production. The operating segments of the company are Cannabis, Accessories, Corporate, and others. The majority of the revenue is generated from the Accessories segment which is engaged in the manufacturing and distribution of electronic, non-nicotine (i.e., cannabis) devices and systems. The company's geographical segments include the United States, Canada, and others, of which the majority of the revenue is generated from the United States.

TILT Holdings Headlines

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