SLGWQ (SLANG Worldwide) Cash-to-Debt : 0.07 (As of Jun. 2024)

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What is SLANG Worldwide 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. SLANG Worldwide's cash to debt ratio for the quarter that ended in Jun. 2024 was 0.07.

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

SLGWQ' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.07 Med: 0.85 Max: 6.03
Current: 0.07

During the past 7 years, SLANG Worldwide's highest Cash to Debt Ratio was 6.03. The lowest was 0.07. And the median was 0.85.

SLGWQ's Cash-to-Debt is ranked worse than
88.44% of 1021 companies
in the Drug Manufacturers industry
Industry Median: 0.94 vs SLGWQ: 0.07

SLANG Worldwide Cash-to-Debt Historical Data

The historical data trend for SLANG Worldwide'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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SLANG Worldwide Cash-to-Debt Chart

SLANG Worldwide Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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6.03

1.15

1.20

0.38

0.17

SLANG Worldwide 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															0.25	0.25	0.17	0.13	0.07

Competitive Comparison of SLANG Worldwide's Cash-to-Debt

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

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

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

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

SLANG Worldwide 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.

SLANG Worldwide'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)
	=	3.769	/	(16.573	+	5.689)
	=	0.17

SLANG Worldwide'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)
	=	1.927	/	(24.527	+	3.061)
	=	0.07

SLANG Worldwide (OTCPK:SLGWQ) 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.

SLANG Worldwide Cash-to-Debt Related Terms

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SLANG Worldwide Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » SLANG Worldwide Inc (OTCPK:SLGWQ) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

84SA:Germany SLNG:Canada

Address

50 Carroll Street, Toronto, ON, CAN, M4M 3G3

Website

https://www.slangww.com

SLANG Worldwide Inc is a cannabis-focused consumer packaged goods company. It is focused on acquiring and developing regional brands, as well as creating new brands to meet the needs of cannabis consumers. It operates in two reportable segments Core Markets, and Emerging Markets, and the majority of its revenue comes from the Core Market. Geographically it operates in Canada and the U.S. It derives the majority of its revenue from the U.S. Its brand portfolio involves, Firefly, O.pen, and Alchemy Naturals.