ROMJF (Rubicon Organics) Cash-to-Debt : 0.87 (As of Jun. 2024)

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What is Rubicon Organics 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. Rubicon Organics's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.87.

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, Rubicon Organics couldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2024.

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

ROMJF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.07 Med: 0.77 Max: 2.22
Current: 0.87

During the past 8 years, Rubicon Organics's highest Cash to Debt Ratio was 2.22. The lowest was 0.07. And the median was 0.77.

ROMJF's Cash-to-Debt is ranked worse than
50.58% of 1034 companies
in the Drug Manufacturers industry
Industry Median: 0.93 vs ROMJF: 0.87

Rubicon Organics Cash-to-Debt Historical Data

The historical data trend for Rubicon Organics'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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Rubicon Organics Cash-to-Debt Chart

Rubicon Organics Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.16

0.87

1.18

0.81

N/A

Rubicon Organics Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Cash-to-Debt	Get a 7-Day Free Trial															0.90	0.87	N/A	0.75	0.87

Competitive Comparison of Rubicon Organics's Cash-to-Debt

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

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

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

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

Rubicon Organics 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.

Rubicon Organics's Cash to Debt Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Do not have enough data to calculate Cash to Debt ratio.

Rubicon Organics's Cash to Debt Ratio for the quarter that ended in Jun. 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)
	=	6.933	/	(7.908	+	0.042)
	=	0.87

Rubicon Organics (OTCPK:ROMJF) 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.

Rubicon Organics Cash-to-Debt Related Terms

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Rubicon Organics Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Rubicon Organics Inc (OTCPK:ROMJF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

R07:Germany ROMJ:Canada

Address

744 West Hastings Street, Unit 505, Vancouver, BC, CAN, V6C 1A5

Website

https://www.rubiconorganics.com

Rubicon Organics Inc is engaged in the business of the production and sale of cannabis in Canada. The Company produces and processes organic cannabis at its wholly-owned, federally licensed facility in Delta, British Columbia which it sells under its wholly owned and other licensed brands such as Lab Theory, Wildflower, Homestead Cannabis Supply, 1964 Supply Co, and Simply Bare Organic.