LVRLF (CordovaCann) Cash-to-Debt : 0.04 (As of Jun. 2023)

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What is CordovaCann 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. CordovaCann's cash to debt ratio for the quarter that ended in Jun. 2023 was 0.04.

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

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

LVRLF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.12 Max: No Debt
Current: 0.04

During the past 13 years, CordovaCann's highest Cash to Debt Ratio was No Debt. The lowest was 0.01. And the median was 0.12.

LVRLF's Cash-to-Debt is ranked worse than
91.3% of 1034 companies
in the Drug Manufacturers industry
Industry Median: 0.945 vs LVRLF: 0.04

CordovaCann Cash-to-Debt Historical Data

The historical data trend for CordovaCann'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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CordovaCann Cash-to-Debt Chart

CordovaCann Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Cash-to-Debt

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0.03

0.12

0.18

0.12

0.04

CordovaCann Semi-Annual Data
	Jun04	Jun05	Jun06	Jun07	Jun08	Jun09	Jun10	Jun11	Jun12	Jun13	Jun14	Jun15	Jun16	Jun17	Jun18	Jun19	Jun20	Jun21	Jun22	Jun23
Cash-to-Debt	Get a 7-Day Free Trial															0.03	0.12	0.18	0.12	0.04

Competitive Comparison of CordovaCann's Cash-to-Debt

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

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

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

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

CordovaCann 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.

CordovaCann's Cash to Debt Ratio for the fiscal year that ended in Jun. 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)
	=	0.187	/	(2.305	+	2.496)
	=	0.04

CordovaCann's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	0.187	/	(2.305	+	2.496)
	=	0.04

CordovaCann (OTCPK:LVRLF) 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.

CordovaCann Cash-to-Debt Related Terms

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CordovaCann Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » CordovaCann Corp (OTCPK:LVRLF) » Definitions » Cash-to-Debt

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CDVA:Canada

Address

217 Queen Street West, Suite 401, Toronto, ON, CAN, M5V0R2

Website

https://www.cordovacann.com

CordovaCann Corp is a Canadian-domiciled company focused on building a diversified cannabis company. The company provides services and investment capital to the processing and production of vertical markets of the cannabis industry.