GCAN (Greater Cannabis Co) Cash-to-Debt : 0.14 (As of Sep. 2024)

View and export this data going back to 2018. Start your Free Trial

What is Greater Cannabis Co 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. Greater Cannabis Co's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.14.

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, Greater Cannabis Co 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 Greater Cannabis Co's Cash-to-Debt or its related term are showing as below:

GCAN' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.4 Max: 1.17
Current: 0.14

During the past 8 years, Greater Cannabis Co's highest Cash to Debt Ratio was 1.17. The lowest was 0.01. And the median was 0.40.

GCAN's Cash-to-Debt is ranked worse than
80.92% of 1022 companies
in the Drug Manufacturers industry
Industry Median: 0.935 vs GCAN: 0.14

Greater Cannabis Co Cash-to-Debt Historical Data

The historical data trend for Greater Cannabis Co'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.

* Premium members only.

Greater Cannabis Co Cash-to-Debt Chart

Greater Cannabis Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

Get a 7-Day Free Trial

0.04

0.40

0.60

0.54

0.39

Greater Cannabis Co 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															0.43	0.39	0.30	0.19	0.14

Competitive Comparison of Greater Cannabis Co's Cash-to-Debt

For the Drug Manufacturers - Specialty & Generic subindustry, Greater Cannabis Co'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.

Greater Cannabis Co's Cash-to-Debt Distribution in the Drug Manufacturers Industry

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

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

Greater Cannabis Co 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.

Greater Cannabis Co'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)
	=	0.167	/	(0.431	+	0)
	=	0.39

Greater Cannabis Co'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)
	=	0.062	/	(0.431	+	0)
	=	0.14

Greater Cannabis Co (OTCPK:GCAN) 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.

Greater Cannabis Co Cash-to-Debt Related Terms

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

Greater Cannabis Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Greater Cannabis Co Inc (OTCPK:GCAN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

2833 Smith Avenue, Suite 333, Baltimore, MD, USA, 21209

Website

https://www.gcanrx.com

Greater Cannabis Co Inc is a biopharmaceutical company focused on the development and commercialization of innovative cannabinoid therapeutics. The firm focuses on cannabis-related investment and development opportunities through direct equity investments, joint ventures, licensing agreements, or acquisitions and also on commercializing its eluting transmucosal patch platform (ETP) technology. The company's operations are focused on its online store, GCC Superstore. The firm is involved in additional research and development of innovative cannabinoid-based therapeutics.

Executives

Jimmy Wayne Anderson

10 percent owner

501 1ST AVENUE NORTH, SUITE 901, ST. PETERSBURG FL 33701