PGFF (Pioneer Green Farms) Cash-to-Debt : 0.01 (As of Sep. 2024)

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What is Pioneer Green Farms 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. Pioneer Green Farms's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.01.

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, Pioneer Green Farms couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2024.

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

PGFF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 0.02
Current: 0.01

During the past 2 years, Pioneer Green Farms's highest Cash to Debt Ratio was 0.02. The lowest was 0.00. And the median was 0.01.

PGFF's Cash-to-Debt is ranked worse than
96.79% of 1868 companies
in the Consumer Packaged Goods industry
Industry Median: 0.53 vs PGFF: 0.01

Pioneer Green Farms Cash-to-Debt Historical Data

The historical data trend for Pioneer Green Farms'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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Pioneer Green Farms Cash-to-Debt Chart

Pioneer Green Farms Annual Data

Trend

Dec22

Dec23

Cash-to-Debt

0.02

Pioneer Green Farms Quarterly Data
	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial					0.01	-	0.01	0.01	0.01

Competitive Comparison of Pioneer Green Farms's Cash-to-Debt

For the Farm Products subindustry, Pioneer Green Farms'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.

Pioneer Green Farms's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Pioneer Green Farms's Cash-to-Debt distribution charts can be found below:

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

Pioneer Green Farms 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.

Pioneer Green Farms's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	0.001	/	(0.917	+	0.209)
	=	0.00

Pioneer Green Farms's Cash to Debt Ratio for the quarter that ended in Sep. 2024 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)
	=	0.006	/	(0.878	+	0.208)
	=	0.01

Pioneer Green Farms (OTCPK:PGFF) 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.

Pioneer Green Farms Cash-to-Debt Related Terms

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Pioneer Green Farms Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Pioneer Green Farms Inc (OTCPK:PGFF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1301 10th Avenue East, Suite G, Palmetto, FL, USA, 34221

Website

https://pioneergreenfarm.com

Pioneer Green Farms Inc is engaged in growing hemp flowers from seeds to oil. The seed is planted and harvested then extracted to oil. The Company engages an extraction facility to extract the oil from the plants. Its Vision is to grow the highest quality hemp flower and provide organic products on its owned and family-operated farms. The hemp is hand-seeded, cultivated, and harvested at optimum bloom. In addition to hemp cultivation, at the Drymon Farm, it is also producing peaches, lychee, dragon fruit, passion fruit, and longan fruit stock trees for resale.

Pioneer Green Farms Headlines

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Pioneer Green Farms Plants First Indoor Hemp Crop With Six Proprietary Hemp Strains in the State of Florida

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