Simply Better Brands (TSXV:SBBC) Cash-to-Debt : 0.12 (As of Dec. 2023)

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What is Simply Better 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. Simply Better Brands's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.12.

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, Simply Better 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 Simply Better Brands's Cash-to-Debt or its related term are showing as below:

TSXV:SBBC' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.11 Med: 0.12 Max: 8.33
Current: 0.12

During the past 5 years, Simply Better Brands's highest Cash to Debt Ratio was 8.33. The lowest was 0.11. And the median was 0.12.

TSXV:SBBC's Cash-to-Debt is ranked worse than
82.44% of 1048 companies
in the Drug Manufacturers industry
Industry Median: 0.94 vs TSXV:SBBC: 0.12

Simply Better Brands Cash-to-Debt Historical Data

The historical data trend for Simply Better 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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Simply Better Brands Cash-to-Debt Chart

Simply Better Brands Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

8.33

0.51

0.11

0.12

Simply Better Brands Quarterly Data
	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													0.12	0.30	0.24	0.27	0.12

Competitive Comparison of Simply Better Brands's Cash-to-Debt

For the Drug Manufacturers - Specialty & Generic subindustry, Simply Better 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.

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

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

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

Simply Better 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.

Simply Better Brands'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)
	=	3.126	/	(25.34	+	0.741)
	=	0.12

Simply Better 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)
	=	3.126	/	(25.34	+	0.741)
	=	0.12

Simply Better Brands (TSXV:SBBC) 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.

Simply Better Brands Cash-to-Debt Related Terms

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Simply Better Brands (TSXV:SBBC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Simply Better Brands Corp (TSXV:SBBC) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

SBBCF:USA

Address

595 Howe Street, Suite 206, Vancouver, BC, CAN, V6C 2T5

Website

https://www.simplybetterbrands.com

Simply Better Brands Corp is promoting healthy and active lifestyles. In addition to expanding its majority-owned CBD subsidiary brand, PureKana, the company has announced strategic acquisitions in industry health, wellness, beauty, pet and lifestyle brands and companies. The Company operates in one reportable segment being the sale of consumer health and wellness products with sales principally generated from the United States.

Simply Better Brands (TSXV:SBBC) Headlines

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