Goodness Growth Holdings (XCNQ:GDNS) Cash-to-Debt

: 0.20 (As of Dec. 2023)

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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. Goodness Growth Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.20.

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, Goodness Growth Holdings 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 Goodness Growth Holdings's Cash-to-Debt or its related term are showing as below:

XCNQ:GDNS' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.11 Med: 5000.55 Max: No Debt
Current: 0.2

During the past 13 years, Goodness Growth Holdings's highest Cash to Debt Ratio was No Debt. The lowest was 0.11. And the median was 5000.55.

XCNQ:GDNS's Cash-to-Debt is ranked worse than
76.7% of 1047 companies
in the Drug Manufacturers industry
Industry Median: 0.95 vs XCNQ:GDNS: 0.20

Goodness Growth Holdings Cash-to-Debt Historical Data

The historical data trend for Goodness Growth Holdings'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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Goodness Growth Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.23

1.10

0.14

0.11

0.20

Goodness Growth Holdings 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																0.11	0.15	0.16	0.18	0.20

Competitive Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Goodness Growth Holdings'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.

Goodness Growth Holdings Cash-to-Debt Distribution

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

* The bar in red indicates where Goodness Growth Holdings's Cash-to-Debt falls into.

Goodness Growth Holdings 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.

Goodness Growth Holdings'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)
	=	21.419	/	(81.987	+	26.408)
	=	0.20

Goodness Growth Holdings'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)
	=	21.419	/	(81.987	+	26.408)
	=	0.20

Goodness Growth Holdings (XCNQ:GDNS) 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.

Goodness Growth Holdings Cash-to-Debt Related Terms

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Goodness Growth Holdings (XCNQ:GDNS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Goodness Growth Holdings Inc (XCNQ:GDNS) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

GDNSF:USA

Address

885 West Georgia Street, Suite 2200 HSBC Building, Vancouver, BC, CAN, V6C 3E8

Website

https://www.goodnessgrowth.com

Goodness Growth Holdings Inc is a cannabis company whose mission is to provide safe access, quality products and value to its customers while supporting its local communities through active participation and restorative justice programs. It operates in one business segment, namely the Cannabis segment that cultivates, processes, and distributes medical and adult-use cannabis products in a variety of formats, as well as related accessories in Maryland, Minnesota, New Mexico, New York, and formerly Arizona, and Ohio.

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