CanadaBis Capital (TSXV:CANB) Cash-to-Debt : 0.13 (As of Oct. 2024)

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What is CanadaBis Capital 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. CanadaBis Capital's cash to debt ratio for the quarter that ended in Oct. 2024 was 0.13.

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, CanadaBis Capital couldn't pay off its debt using the cash in hand for the quarter that ended in Oct. 2024.

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

TSXV:CANB' s Cash-to-Debt Range Over the Past 10 Years
Min: 0 Med: 0.21 Max: No Debt
Current: 0.13

During the past 9 years, CanadaBis Capital's highest Cash to Debt Ratio was No Debt. The lowest was 0.00. And the median was 0.21.

TSXV:CANB's Cash-to-Debt is ranked worse than
81.69% of 1016 companies
in the Drug Manufacturers industry
Industry Median: 0.93 vs TSXV:CANB: 0.13

CanadaBis Capital Cash-to-Debt Historical Data

The historical data trend for CanadaBis Capital'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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CanadaBis Capital Cash-to-Debt Chart

CanadaBis Capital Annual Data

Trend

Nov16

Dec17

Dec18

Jul19

Jul20

Jul21

Jul22

Jul23

Jul24

Cash-to-Debt

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0.03

0.10

0.02

0.44

0.26

CanadaBis Capital Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
Cash-to-Debt	Get a 7-Day Free Trial															0.49	0.36	0.21	0.26	0.13

Competitive Comparison of CanadaBis Capital's Cash-to-Debt

For the Drug Manufacturers - Specialty & Generic subindustry, CanadaBis Capital'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.

CanadaBis Capital's Cash-to-Debt Distribution in the Drug Manufacturers Industry

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

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

CanadaBis Capital 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.

CanadaBis Capital's Cash to Debt Ratio for the fiscal year that ended in Jul. 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)
	=	1.679	/	(1.912	+	4.529)
	=	0.26

CanadaBis Capital's Cash to Debt Ratio for the quarter that ended in Oct. 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)
	=	0.801	/	(2.119	+	4.22)
	=	0.13

CanadaBis Capital (TSXV:CANB) 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.

CanadaBis Capital Cash-to-Debt Related Terms

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CanadaBis Capital Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » CanadaBis Capital Inc (TSXV:CANB) » Definitions » Cash-to-Debt

Comparable Companies

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CNADF:USA

Address

255C Clearview Drive, Red Deer County, Red Deer, AB, CAN, T4E 3B6

Website

https://www.canadabis.com

CanadaBis Capital Inc is a vertically integrated cannabis company. The firm engages in the production and sale of recreational cannabis. Its product line consists of Stigma Roots. It operates in three segments: wholesale, retail, and extraction and tolling. The wholesale segment cultivates and distributes cannabis and cannabis products to and through, provincial liquor and cannabis boards. Retail segment involves sale of cannabis and cannabis-related products to end consumers on-premises owned and operated by the Company. Extraction and tolling segment provide cannabinoid extraction services to other licensed producers. The company generates maximum of its revenue from Extraction and tolling.

Executives