Ayr Wellness (Ayr Wellness) Cash-to-Debt : 0.09 (As of Dec. 2023)

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What is Ayr 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. Ayr Wellness's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.09.

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, Ayr Wellness 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 Ayr Wellness's Cash-to-Debt or its related term are showing as below:

AYRWF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.09 Med: 0.23 Max: No Debt
Current: 0.09

During the past 6 years, Ayr Wellness's highest Cash to Debt Ratio was No Debt. The lowest was 0.09. And the median was 0.23.

AYRWF's Cash-to-Debt is ranked worse than
86.27% of 1049 companies
in the Drug Manufacturers industry
Industry Median: 0.95 vs AYRWF: 0.09

Ayr Wellness Cash-to-Debt Historical Data

The historical data trend for Ayr 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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Ayr Wellness Cash-to-Debt Chart

Ayr Wellness Annual Data

Trend

Sep18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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0.15

0.67

0.32

0.13

0.09

Ayr Wellness Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial															0.13	0.17	0.10	0.12	0.09

Competitive Comparison of Ayr Wellness's Cash-to-Debt

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

Ayr Wellness's Cash-to-Debt Distribution in the Drug Manufacturers Industry

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

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

Ayr 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.

Ayr Wellness's Cash to Debt Ratio for the fiscal year 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)
	=	50.766	/	(42.717	+	555.052)
	=	0.08

Ayr Wellness'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)
	=	50.766	/	(42.717	+	555.052)
	=	0.08

Ayr Wellness (OTCPK:AYRWF) 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.

Ayr Wellness Cash-to-Debt Related Terms

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Ayr Wellness (Ayr Wellness) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Ayr Wellness Inc (OTCPK:AYRWF) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

3KJB:Germany AYR.A:Canada

Address

2601 South Bayshore Drive, Suite 900, Miami, FL, USA, 33133

Website

https://www.ayrwellness.com

Ayr Wellness Inc is a vertically integrated, U.S. multi-state cannabis operator, focused on delivering quality cannabis products and customer experience throughout its footprint. The company is focused on superior cultivation to grow superior branded cannabis products.