CENTR Brands (XCNQ:CNTR) Cash-to-Debt : 0.94 (As of Aug. 2024)

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What is CENTR 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. CENTR Brands's cash to debt ratio for the quarter that ended in Aug. 2024 was 0.94.

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, CENTR Brands couldn't pay off its debt using the cash in hand for the quarter that ended in Aug. 2024.

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

XCNQ:CNTR' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.26 Med: 21.47 Max: No Debt
Current: 0.94

During the past 13 years, CENTR Brands's highest Cash to Debt Ratio was No Debt. The lowest was 0.26. And the median was 21.47.

XCNQ:CNTR's Cash-to-Debt is ranked better than
50.2% of 1022 companies
in the Drug Manufacturers industry
Industry Median: 0.93 vs XCNQ:CNTR: 0.94

CENTR Brands Cash-to-Debt Historical Data

The historical data trend for CENTR 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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CENTR Brands Cash-to-Debt Chart

CENTR Brands Annual Data

Trend

May15

May16

May17

May18

May19

May20

May21

May22

May23

May24

Cash-to-Debt

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2.46

21.47

8.10

6.97

1.23

CENTR Brands Quarterly Data
	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Feb24	May24	Aug24
Cash-to-Debt	Get a 7-Day Free Trial															6.97	3.71	1.36	1.23	0.94

Competitive Comparison of CENTR Brands's Cash-to-Debt

For the Drug Manufacturers - Specialty & Generic subindustry, CENTR 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.

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

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

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

CENTR 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.

CENTR Brands's Cash to Debt Ratio for the fiscal year that ended in May. 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)
	=	0.049	/	(0	+	0.04)
	=	1.23

CENTR Brands's Cash to Debt Ratio for the quarter that ended in Aug. 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)
	=	0.18	/	(0.137	+	0.055)
	=	0.94

CENTR Brands (XCNQ:CNTR) 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.

CENTR Brands Cash-to-Debt Related Terms

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CENTR Brands Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » CENTR Brands Corp (XCNQ:CNTR) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

CNTRD:USA 3030:Germany

Address

507-837 West Hastings Street, Suite 100, Vancouver, BC, CAN, V6C 3N6

Website

https://www.findyourcentr.com

CENTR Brands Corp is a Canada-based company involved in the development and marketing of beverages infused with hemp-derived extracts and derivatives. It is focused on the creation and launch of the brand for the cannabidiol (CBD) infused beverage industry. The company's first product, CENTR, is a sparkling, low-calorie, CBD beverage.

Executives

Arjan Jagiit Chima	Director, Senior Officer
David Lyall	10% Security Holder
Paul Francis Meehan	10% Security Holder
R W Campbell Becher	Director
David Thomas Young	Director, Senior Officer

CENTR Brands Headlines

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