Greenfern Industries (NZSE:GFI) Cash-to-Debt : 1.42 (As of Mar. 2023)

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What is Greenfern Industries 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. Greenfern Industries's cash to debt ratio for the quarter that ended in Mar. 2023 was 1.42.

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, Greenfern Industries 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 Greenfern Industries's Cash-to-Debt or its related term are showing as below:

NZSE:GFI' s Cash-to-Debt Range Over the Past 10 Years
Min: 1.42 Med: 5000.71 Max: No Debt
Current: 1.42

During the past 2 years, Greenfern Industries's highest Cash to Debt Ratio was No Debt. The lowest was 1.42. And the median was 5000.71.

NZSE:GFI's Cash-to-Debt is ranked better than
56.35% of 1047 companies
in the Drug Manufacturers industry
Industry Median: 0.95 vs NZSE:GFI: 1.42

Greenfern Industries Cash-to-Debt Historical Data

The historical data trend for Greenfern Industries'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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Greenfern Industries Cash-to-Debt Chart

Greenfern Industries Annual Data

Trend

Mar22

Mar23

Cash-to-Debt

No Debt

1.42

Greenfern Industries Semi-Annual Data
	Mar22	Mar23
Cash-to-Debt	No Debt	1.42

Competitive Comparison of Greenfern Industries's Cash-to-Debt

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

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

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

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

Greenfern Industries 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.

Greenfern Industries's Cash to Debt Ratio for the fiscal year 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)
	=	0.923	/	(0.652	+	0)
	=	1.42

Greenfern Industries'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)
	=	0.923	/	(0.652	+	0)
	=	1.42

Greenfern Industries (NZSE:GFI) 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.

Greenfern Industries Cash-to-Debt Related Terms

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Greenfern Industries (NZSE:GFI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Greenfern Industries Ltd (NZSE:GFI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

115 Queen Street, Level 8, General Capital House, Auckland, NTL, NZL, 1040

Website

https://www.gfi.nz

Greenfern Industries Ltd is committed to the environmentally friendly production of medicinal cannabis and hemp-based products. It operates in two segments, Cannabis and therapeutics products the operations of this segment reflect the activities of manufacture and distribution of cannabis products, Electricity generation this segment includes the generation and distribution of electricity. The hemp seed and its by-products are used for a range of different products from a high protein ingredient in a plant-based meat substitute, a hemp-based skincare range, and hemp-based beverages amongst other things.