Heritage Cannabis Holding (Heritage Cannabis Holding) Cash-to-Debt : 0.52 (As of Oct. 2023)

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What is Heritage Cannabis 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. Heritage Cannabis Holding's cash to debt ratio for the quarter that ended in Oct. 2023 was 0.52.

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, Heritage Cannabis Holding couldn't pay off its debt using the cash in hand for the quarter that ended in Oct. 2023.

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

HERTF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.34 Med: 5206 Max: No Debt
Current: 0.52

During the past 13 years, Heritage Cannabis Holding's highest Cash to Debt Ratio was No Debt. The lowest was 0.34. And the median was 5206.00.

HERTF's Cash-to-Debt is ranked worse than
60.23% of 1051 companies
in the Drug Manufacturers industry
Industry Median: 0.93 vs HERTF: 0.52

Heritage Cannabis Holding Cash-to-Debt Historical Data

The historical data trend for Heritage Cannabis 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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Heritage Cannabis Holding Cash-to-Debt Chart

Heritage Cannabis Holding Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Cash-to-Debt

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416.52

1.62

0.40

0.34

0.52

Heritage Cannabis Holding Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Cash-to-Debt	Get a 7-Day Free Trial															0.34	0.40	0.28	0.41	0.52

Competitive Comparison of Heritage Cannabis Holding's Cash-to-Debt

For the Drug Manufacturers - Specialty & Generic subindustry, Heritage Cannabis 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.

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

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

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

Heritage Cannabis 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.

Heritage Cannabis Holding's Cash to Debt Ratio for the fiscal year that ended in Oct. 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)
	=	3.519	/	(0.138	+	6.686)
	=	0.52

Heritage Cannabis Holding's Cash to Debt Ratio for the quarter that ended in Oct. 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)
	=	3.519	/	(0.138	+	6.686)
	=	0.52

Heritage Cannabis Holding (OTCPK:HERTF) 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.

Heritage Cannabis Holding Cash-to-Debt Related Terms

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Heritage Cannabis Holding (Heritage Cannabis Holding) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

77 Bloor Street West, Suite 600, Toronto, ON, CAN, M5S 1M2

Website

https://www.heritagecann.com

Heritage Cannabis Holding Corp is a Canada based holding company, operating in the vertically integrated cannabis business. It cultivates, sells, and distributes medical cannabis and marijuana. The group derives revenue from the sale of goods and provision of services.