CRAFT 1861 Global Holdings (NEOE:HUMN) Cash-to-Debt : 0.28 (As of Sep. 2023)

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What is CRAFT 1861 Global Holdings 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. CRAFT 1861 Global Holdings's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.28.

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, CRAFT 1861 Global Holdings couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

The historical rank and industry rank for CRAFT 1861 Global Holdings's Cash-to-Debt or its related term are showing as below:

NEOE:HUMN' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.08 Max: 0.37
Current: 0.28

During the past 4 years, CRAFT 1861 Global Holdings's highest Cash to Debt Ratio was 0.37. The lowest was 0.02. And the median was 0.08.

NEOE:HUMN's Cash-to-Debt is ranked worse than
70.36% of 1046 companies
in the Drug Manufacturers industry
Industry Median: 0.95 vs NEOE:HUMN: 0.28

CRAFT 1861 Global Holdings Cash-to-Debt Historical Data

The historical data trend for CRAFT 1861 Global Holdings'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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CRAFT 1861 Global Holdings Cash-to-Debt Chart

CRAFT 1861 Global Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Cash-to-Debt

0.03

0.10

0.37

0.06

CRAFT 1861 Global Holdings Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial						0.26	0.06	0.06	0.02	0.28

Competitive Comparison of CRAFT 1861 Global Holdings's Cash-to-Debt

For the Drug Manufacturers - Specialty & Generic subindustry, CRAFT 1861 Global Holdings'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.

CRAFT 1861 Global Holdings's Cash-to-Debt Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, CRAFT 1861 Global Holdings's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where CRAFT 1861 Global Holdings's Cash-to-Debt falls into.

CRAFT 1861 Global Holdings 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.

CRAFT 1861 Global Holdings'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)
	=	0.034	/	(0.591	+	0)
	=	0.06

CRAFT 1861 Global Holdings's Cash to Debt Ratio for the quarter that ended in Sep. 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)
	=	0.506	/	(1.614	+	0.202)
	=	0.28

CRAFT 1861 Global Holdings (NEOE:HUMN) 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.

CRAFT 1861 Global Holdings Cash-to-Debt Related Terms

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CRAFT 1861 Global Holdings (NEOE:HUMN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » CRAFT 1861 Global Holdings Inc (NEOE:HUMN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

BGPPF:USA

Address

100 Sun Avenue NE, Suite 650, Albuquerque, NM, USA, 87109

Website

https://www.craft1861global.com

CRAFT 1861 Global Holdings Inc is a health and wellness company in the cannabinoid space. The company operates within the non-psychoactive, hemp-derived cannabidiol (CBD) market with consumer-packaged goods containing zero THC.

CRAFT 1861 Global Holdings (NEOE:HUMN) Headlines

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