Hempalta (TSXV:HEMP) Cash-to-Debt : 0.12 (As of Dec. 2024)

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What is Hempalta 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. Hempalta's cash to debt ratio for the quarter that ended in Dec. 2024 was 0.12.

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, Hempalta couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2024.

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

TSXV:HEMP' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05 Med: 0.32 Max: 1.47
Current: 0.12

During the past 2 years, Hempalta's highest Cash to Debt Ratio was 1.47. The lowest was 0.05. And the median was 0.32.

TSXV:HEMP's Cash-to-Debt is ranked worse than
78.33% of 1878 companies
in the Consumer Packaged Goods industry
Industry Median: 0.54 vs TSXV:HEMP: 0.12

Hempalta Cash-to-Debt Historical Data

The historical data trend for Hempalta'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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Hempalta Cash-to-Debt Chart

Hempalta Annual Data

Trend

Sep23

Sep24

Cash-to-Debt

0.21

0.44

Hempalta Quarterly Data
	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Cash-to-Debt	Get a 7-Day Free Trial				0.05	1.47	0.98	0.44	0.12

Competitive Comparison of Hempalta's Cash-to-Debt

For the Farm Products subindustry, Hempalta'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.

Hempalta's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

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

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

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Hempalta 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.

Hempalta's Cash to Debt Ratio for the fiscal year 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)
	=	0.727	/	(0.348	+	1.315)
	=	0.44

Hempalta's Cash to Debt Ratio for the quarter that ended in Dec. 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)
	=	0.183	/	(0.284	+	1.293)
	=	0.12

Hempalta (TSXV:HEMP) 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.

Hempalta Cash-to-Debt Related Terms

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Hempalta Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Hempalta Corp (TSXV:HEMP) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

1560 Hastings Crescent SE, Calgary, AB, CAN, T2G 4E1

Website

https://www.hempalta.com

Hempalta Corp is focused on harnessing the immense potential of hemp. Its products are made from hemp grown sustainably in Alberta and processed using a processing plant at its production facility in Calgary. Its products include iochar, Hemp-Fresco, HempyCat, Animal Bedding, Hemp Garden Mulch, Hemp Pak, HempZorb, Hurd for Hempcrete, Bast Fiber, Hurd, Micro Hurd and Green Microfiber.