TPCO Holding (TPCO Holding) Cash-to-Debt : 1.26 (As of Mar. 2023)

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What is TPCO Holding 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. TPCO Holding's cash to debt ratio for the quarter that ended in Mar. 2023 was 1.26.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, TPCO Holding could pay off its debt using the cash in hand for the quarter that ended in Mar. 2023.

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

GRMWF' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.26 Med: 2.07 Max: 4.86
Current: 1.26

During the past 4 years, TPCO Holding's highest Cash to Debt Ratio was 4.86. The lowest was 1.26. And the median was 2.07.

GRMWF's Cash-to-Debt is not ranked
in the Drug Manufacturers industry.
Industry Median: 0.95 vs GRMWF: 1.26

TPCO Holding Cash-to-Debt Historical Data

The historical data trend for TPCO Holding'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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TPCO Holding Cash-to-Debt Chart

TPCO Holding Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

N/A

2.46

1.45

TPCO Holding Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Cash-to-Debt	Get a 7-Day Free Trial									2.07	1.91	1.70	1.45	1.26

Competitive Comparison of TPCO Holding's Cash-to-Debt

For the Drug Manufacturers - Specialty & Generic subindustry, TPCO Holding'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.

TPCO Holding's Cash-to-Debt Distribution in the Drug Manufacturers Industry

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

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

TPCO Holding 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.

TPCO Holding'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)
	=	93.698	/	(3.442	+	61.422)
	=	1.44

TPCO Holding's Cash to Debt Ratio for the quarter 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)
	=	76.111	/	(2.061	+	58.552)
	=	1.26

TPCO Holding (OTCPK:GRMWF) 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.

TPCO Holding Cash-to-Debt Related Terms

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TPCO Holding (TPCO Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » TPCO Holding Corp (OTCPK:GRMWF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1550 Leigh Avenue, San Jose, CA, USA, 95125

Website

https://www.theparent.co

TPCO Holding Corp is a consumer-focused cannabis company based in the United States focused on the recreational and wellness markets. Its operational footprint spans cultivation, extraction, manufacturing, distribution, brands, retail and delivery. The company's sales channels include Direct Consumer and Wholesale, of which key revenue is derived from the Wholesale channel which includes the company selling first-party and selected third-party products into 450 dispensaries across California. Additional wholesale revenue comes from sales of sourced bulk flowers and oil produced in-house. It has one segment engaged in the cultivation, manufacturing, distribution and sale of cannabis within the State of California.