Atlas Global Brands (XCNQ:ATL) Cash-to-Debt : 0.02 (As of Dec. 2023)

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What is Atlas Global Brands 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. Atlas Global Brands's cash to debt ratio for the quarter that ended in Dec. 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, Atlas Global Brands couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

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

During the past 0 years, Atlas Global Brands's highest Cash to Debt Ratio was 0.06. The lowest was 0.01. And the median was 0.02.

XCNQ:ATL's Cash-to-Debt is not ranked
in the Drug Manufacturers industry.
Industry Median: 0.93 vs XCNQ:ATL: 0.02

Atlas Global Brands Cash-to-Debt Historical Data

The historical data trend for Atlas Global Brands'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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Atlas Global Brands Cash-to-Debt Chart

Atlas Global Brands Annual Data

Trend

Cash-to-Debt

Atlas Global Brands Quarterly Data
	Dec22	Jun23	Sep23	Dec23
Cash-to-Debt	N/A	0.06	0.01	0.02

Competitive Comparison of Atlas Global Brands's Cash-to-Debt

For the Drug Manufacturers - Specialty & Generic subindustry, Atlas Global Brands'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.

Atlas Global Brands's Cash-to-Debt Distribution in the Drug Manufacturers Industry

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

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

Atlas Global Brands 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.

Atlas Global Brands's Cash to Debt Ratio for the fiscal year that ended in . 20 is calculated as:

Do not have enough data to calculate Cash to Debt ratio.

Atlas Global Brands's Cash to Debt Ratio for the quarter 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)
	=	0.399	/	(21.456	+	1.715)
	=	0.02

Atlas Global Brands (XCNQ:ATL) 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.

Atlas Global Brands Cash-to-Debt Related Terms

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Atlas Global Brands Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Atlas Global Brands Inc (XCNQ:ATL) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

566 Riverview Drive, Unit 104, Chatham, ON, CAN, N7M 0N2

Website

Atlas Global Brands Inc is a licensed cannabis company operating in Canada and Israel with experience across the cannabis value chain including cultivation, manufacturing, scalability, marketing, distribution, and pharmacy. Atlas currently serves eight countries: Australia, Canada, Denmark, Germany, Israel, Norway, Spain, and the United Kingdom.

Executives

Tamir Gedo	10% Security Holder
Jonathan Ben-cnaan	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Bernard Yeung	Senior Officer
Jason Cervi	Senior Officer
Jeffrey Robert Gossain	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6), Senior Officer

Atlas Global Brands Headlines

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