Mojave Brands (XCNQ:MOJO) Cash-to-Debt : No Debt ⁽¹⁾ (As of Feb. 2024)

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What is Mojave 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. Mojave Brands's cash to debt ratio for the quarter that ended in Feb. 2024 was No Debt ⁽¹⁾.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Mojave Brands could pay off its debt using the cash in hand for the quarter that ended in Feb. 2024.

(1) 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.

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

XCNQ:MOJO' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 13.72 Max: No Debt
Current: No Debt

During the past 13 years, Mojave Brands's highest Cash to Debt Ratio was No Debt. The lowest was 0.03. And the median was 13.72.

XCNQ:MOJO's Cash-to-Debt is ranked better than
99.81% of 1037 companies
in the Drug Manufacturers industry
Industry Median: 0.95 vs XCNQ:MOJO: No Debt

Mojave Brands Cash-to-Debt Historical Data

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

Mojave Brands Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Cash-to-Debt

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62.00

1.43

18.67

22.03

No Debt

Mojave Brands Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Cash-to-Debt	Get a 7-Day Free Trial															No Debt	No Debt	No Debt	No Debt	No Debt

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

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

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

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

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

Mojave 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.

Mojave Brands's Cash to Debt Ratio for the fiscal year that ended in Aug. 2023 is calculated as:

Mojave Brands had no debt ⁽¹⁾.

Mojave Brands's Cash to Debt Ratio for the quarter that ended in Feb. 2024 is calculated as:

Mojave Brands had no debt ⁽¹⁾.

Mojave Brands (XCNQ:MOJO) 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.

Mojave Brands Cash-to-Debt Related Terms

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Mojave Brands (XCNQ:MOJO) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

HHPHF:USA 0HC0:Germany

Address

1055 W. Georgia Street, Suite 2050, P.O. Box 11121, Royal Centre, Vancouver, BC, CAN, V6E 3P3

Website

https://www.mojavejane.com

Mojave Brands Inc is a Canada-based cannabis company serving California's recreational markets. The company's assets are set up as a vertical stack including cultivation to scale, branding, packaging, manufacturing and processing, a distribution arm, and the edibles brand CaliGold. Operating out of licensed strategic locations, the company is leveraging its consumer and brand-focused business model to generate sustainable profits by delivering a quality product.

Executives

Peeyush Kumar Varshney

Director