Simply Solventless Concentrates (TSXV:HASH) Cash-to-Debt : 0.14 (As of Sep. 2024)

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What is Simply Solventless Concentrates 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. Simply Solventless Concentrates's cash to debt ratio for the quarter that ended in Sep. 2024 was 0.14.

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, Simply Solventless Concentrates 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 Simply Solventless Concentrates's Cash-to-Debt or its related term are showing as below:

TSXV:HASH' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.09 Max: 2.07
Current: 0.14

During the past 3 years, Simply Solventless Concentrates's highest Cash to Debt Ratio was 2.07. The lowest was 0.03. And the median was 0.09.

TSXV:HASH's Cash-to-Debt is ranked worse than
80.9% of 1021 companies
in the Drug Manufacturers industry
Industry Median: 0.94 vs TSXV:HASH: 0.14

Simply Solventless Concentrates Cash-to-Debt Historical Data

The historical data trend for Simply Solventless Concentrates'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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Simply Solventless Concentrates Cash-to-Debt Chart

Simply Solventless Concentrates Annual Data

Trend

Dec21

Dec22

Dec23

Cash-to-Debt

2.07

0.03

0.05

Simply Solventless Concentrates Quarterly Data
	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Cash-to-Debt	Get a 7-Day Free Trial						0.13	0.05	0.06	0.05	0.14

Competitive Comparison of Simply Solventless Concentrates's Cash-to-Debt

For the Drug Manufacturers - Specialty & Generic subindustry, Simply Solventless Concentrates'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.

Simply Solventless Concentrates's Cash-to-Debt Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Simply Solventless Concentrates's Cash-to-Debt falls into.

Simply Solventless Concentrates 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.

Simply Solventless Concentrates'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)
	=	0.081	/	(0.562	+	1.148)
	=	0.05

Simply Solventless Concentrates'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)
	=	0.532	/	(0.915	+	2.876)
	=	0.14

Simply Solventless Concentrates (TSXV:HASH) 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.

Simply Solventless Concentrates Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Simply Solventless Concentrates's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Simply Solventless Concentrates Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Simply Solventless Concentrates Ltd (TSXV:HASH) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

SSLCF:USA

Address

4200, 888 - 3rd Street SW, Calgary, AB, CAN, T2P5C5

Website

https://www.simplysolventless.ca

Simply Solventless Concentrates Ltd is a company that provides pure, potent, terpene-rich solvent less concentrates to discerning cannabis consumers. The company serves the recreational, medical, and business-to-business cannabis markets in Canada.

Executives

Jeffrey Philip James Swainson	10% Security Holder, Director, Senior Officer
Murray Brown	Senior Officer
William Colin Macdonald	10% Security Holder, Director

Simply Solventless Concentrates Headlines

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