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Ventura Cannabis and Wellness (Ventura Cannabis and Wellness) Current Ratio : 2.68 (As of May. 2020)


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What is Ventura Cannabis and Wellness Current Ratio?

The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Ventura Cannabis and Wellness's current ratio for the quarter that ended in May. 2020 was 2.68.

Ventura Cannabis and Wellness has a current ratio of 2.68. It generally indicates good short-term financial strength.

The historical rank and industry rank for Ventura Cannabis and Wellness's Current Ratio or its related term are showing as below:

CVHIF's Current Ratio is not ranked *
in the Drug Manufacturers industry.
Industry Median: 1.85
* Ranked among companies with meaningful Current Ratio only.

Ventura Cannabis and Wellness Current Ratio Historical Data

The historical data trend for Ventura Cannabis and Wellness's Current Ratio 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.

* Premium members only.

Ventura Cannabis and Wellness Current Ratio Chart

Ventura Cannabis and Wellness Annual Data
Trend Dec10 Dec11 Dec12 Dec13 Nov14 Nov15 Feb17 Feb18 Feb19 Feb20
Current Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.14 2.67 1.62 1.77 2.39

Ventura Cannabis and Wellness Quarterly Data
May15 Aug15 Nov15 May16 Aug16 Nov16 Feb17 May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20
Current Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.80 2.20 2.09 2.39 2.68

Competitive Comparison of Ventura Cannabis and Wellness's Current Ratio

For the Drug Manufacturers - Specialty & Generic subindustry, Ventura Cannabis and Wellness's Current Ratio, along with its competitors' market caps and Current Ratio 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.


Ventura Cannabis and Wellness's Current Ratio Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Ventura Cannabis and Wellness's Current Ratio distribution charts can be found below:

* The bar in red indicates where Ventura Cannabis and Wellness's Current Ratio falls into.



Ventura Cannabis and Wellness Current Ratio Calculation

The current ratio is mainly used to give an idea of the company's ability to pay back its short-term liabilities with its short-term assets.

Ventura Cannabis and Wellness's Current Ratio for the fiscal year that ended in Feb. 2020 is calculated as

Current Ratio (A: Feb. 2020 )=Total Current Assets (A: Feb. 2020 )/Total Current Liabilities (A: Feb. 2020 )
=6.414/2.683
=2.39

Ventura Cannabis and Wellness's Current Ratio for the quarter that ended in May. 2020 is calculated as

Current Ratio (Q: May. 2020 )=Total Current Assets (Q: May. 2020 )/Total Current Liabilities (Q: May. 2020 )
=5.094/1.9
=2.68

* 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.


Ventura Cannabis and Wellness  (OTCPK:CVHIF) Current Ratio Explanation

The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.

Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.

The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.

If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.


Ventura Cannabis and Wellness Current Ratio Related Terms

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Ventura Cannabis and Wellness (Ventura Cannabis and Wellness) Business Description

Traded in Other Exchanges
N/A
Address
800 W. 6th St, Suite 1415, Los Angeles, CA, USA, 90017
Ventura Cannabis and Wellness Corp is a vertically integrated, California-based products cannabis company. The company is currently building out its distribution channel through revenue-sharing agreements with owner-operator of cannabis dispensaries to ensure it's products get premium shelf space. The Company plans to target four segments in the U.S. cannabis and CBD market with products suited to their needs: senior citizens, upwardly mobile middle-aged female professionals, upwardly mobile middle-aged male professionals and individuals suffering from addiction. These segments desire discrete and well-designed products as well as the accurate dosage of THC.

Ventura Cannabis and Wellness (Ventura Cannabis and Wellness) Headlines

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