HEXO (HEXO) Cash-to-Debt : 0.11 (As of Apr. 2023)

View and export this data going back to 2017. Start your Free Trial

What is HEXO 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. HEXO's cash to debt ratio for the quarter that ended in Apr. 2023 was 0.11.

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, HEXO couldn't pay off its debt using the cash in hand for the quarter that ended in Apr. 2023.

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

HEXO' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 2.19 Max: No Debt
Current: 0.11

During the past 9 years, HEXO's highest Cash to Debt Ratio was No Debt. The lowest was 0.04. And the median was 2.19.

HEXO's Cash-to-Debt is not ranked
in the Drug Manufacturers industry.
Industry Median: 0.945 vs HEXO: 0.11

HEXO Cash-to-Debt Historical Data

The historical data trend for HEXO'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.

HEXO Cash-to-Debt Chart

HEXO Annual Data

Trend

Sep14

Sep15

Sep16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

2.19

2.09

0.14

0.33

HEXO Quarterly Data
	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23
Cash-to-Debt	Get a 7-Day Free Trial															0.04	0.33	0.30	0.18	0.11

Competitive Comparison of HEXO's Cash-to-Debt

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

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

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

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

HEXO 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.

HEXO's Cash to Debt Ratio for the fiscal year that ended in Jul. 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)
	=	64.346	/	(192.945	+	1.489)
	=	0.33

HEXO's Cash to Debt Ratio for the quarter that ended in Apr. 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)
	=	14.832	/	(132.574	+	0.787)
	=	0.11

HEXO (NAS:HEXO) 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.

HEXO Cash-to-Debt Related Terms

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

HEXO (HEXO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » HEXO Corp (NAS:HEXO) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

120 de la Rive Road, Gatineau, QC, CAN, J8M 1V2

Website

https://www.hexocorp.com

HEXO Corp is engaged in producing and selling cannabis and cannabis products. The company is focused on smoke-free and traditional cannabis products. The firm's products include dried flowers, oils, and vapes. It generates its revenue from various sources such as Beverage Based Adult-Use Sales, Medical, Wholesale and International sales.