Leef Brands (XCNQ:LEEF) Cash-to-Debt : 0.19 (As of Mar. 2024)

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What is Leef 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. Leef Brands's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.19.

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

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

XCNQ:LEEF' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.04 Med: 1.67 Max: No Debt
Current: 0.19

During the past 11 years, Leef Brands's highest Cash to Debt Ratio was No Debt. The lowest was 0.04. And the median was 1.67.

XCNQ:LEEF's Cash-to-Debt is ranked worse than
76.1% of 1046 companies
in the Drug Manufacturers industry
Industry Median: 0.95 vs XCNQ:LEEF: 0.19

Leef Brands Cash-to-Debt Historical Data

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

Leef Brands Annual Data

Trend

Jul13

Jul14

Jul15

Jul16

Jul17

Jul19

Jul20

Jul21

Dec22

Dec23

Cash-to-Debt

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0.37

1.27

1.09

0.30

0.28

Leef Brands Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															N/A	0.26	0.21	0.28	0.19

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

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

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

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

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

Leef 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.

Leef 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)
	=	8.606	/	(13.329	+	17.863)
	=	0.28

Leef Brands's Cash to Debt Ratio for the quarter that ended in Mar. 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)
	=	6.149	/	(14.159	+	17.956)
	=	0.19

Leef Brands (XCNQ:LEEF) 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.

Leef Brands Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of Leef Brands's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

Leef Brands (XCNQ:LEEF) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

LEEEF:USA Z5X:Germany

Address

1055 West Georgia Street, Suite 1500, Vancouver, BC, CAN, V6C 1H2

Website

https://leefbrands.com

Leef Brands Inc is a manufacturer of a cannabis-branded products based in California, Sacramento. It offers products under the brand names like Real Deal Resin, Ganja Gold, Heady, Leef and Buddies. Geographically, it derives a majority of its revenue from the United States.

Executives

Micah Anderson

10% Security Holder, Director, Director or Senior Officer of 10% Security Holder, Issuer, Senior Officer

Leef Brands (XCNQ:LEEF) Headlines

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