Shiny Health & Wellness (TSXV:SNYB) Cash-to-Debt : 0.02 (As of Oct. 2023)

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What is Shiny Health & Wellness 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. Shiny Health & Wellness's cash to debt ratio for the quarter that ended in Oct. 2023 was 0.02.

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, Shiny Health & Wellness couldn't pay off its debt using the cash in hand for the quarter that ended in Oct. 2023.

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

TSXV:SNYB' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.01 Med: 0.06 Max: 0.35
Current: 0.02

During the past 2 years, Shiny Health & Wellness's highest Cash to Debt Ratio was 0.35. The lowest was 0.01. And the median was 0.06.

TSXV:SNYB's Cash-to-Debt is ranked worse than
93.74% of 655 companies
in the Healthcare Providers & Services industry
Industry Median: 0.74 vs TSXV:SNYB: 0.02

Shiny Health & Wellness Cash-to-Debt Historical Data

The historical data trend for Shiny Health & Wellness'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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Shiny Health & Wellness Cash-to-Debt Chart

Shiny Health & Wellness Annual Data

Trend

Jan22

Jan23

Cash-to-Debt

0.35

0.05

Shiny Health & Wellness Quarterly Data
	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Cash-to-Debt	Get a 7-Day Free Trial						0.08	0.05	0.03	0.01	0.02

Competitive Comparison of Shiny Health & Wellness's Cash-to-Debt

For the Pharmaceutical Retailers subindustry, Shiny Health & Wellness'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.

Shiny Health & Wellness's Cash-to-Debt Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Shiny Health & Wellness's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Shiny Health & Wellness's Cash-to-Debt falls into.

Shiny Health & Wellness 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.

Shiny Health & Wellness's Cash to Debt Ratio for the fiscal year that ended in Jan. 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)
	=	0.736	/	(5.197	+	10.817)
	=	0.05

Shiny Health & Wellness's Cash to Debt Ratio for the quarter that ended in Oct. 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)
	=	0.24	/	(5.094	+	6.002)
	=	0.02

Shiny Health & Wellness (TSXV:SNYB) 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.

Shiny Health & Wellness Cash-to-Debt Related Terms

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

Shiny Health & Wellness (TSXV:SNYB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Shiny Health & Wellness Corp (TSXV:SNYB) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

22 Frederick Street, Suite 700, Kitchener, ON, CAN, N2H 6M6

Website

https://www.shinybud.com

Shiny Health & Wellness Corp is on a mission to help people never settle, live fully by being a trusted source for health and wellness solutions and services. The company broadened its retail growth strategy beyond adult-use cannabis by establishing mihi Health & Wellness, a new line of business focused on building a network of community pharmacies across Ontario. It also operates ShinyBud Cannabis Co., a well-established brand in Ontario strategically located in markets less saturated with cannabis retailers.

Shiny Health & Wellness (TSXV:SNYB) Headlines

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