GURUFOCUS.COM » STOCK LIST » USA » OTCPK » Target Group Inc (OTCPK:CBDY) » Definitions » Current Ratio
Switch to:

Target Group (OTCPK:CBDY) Current Ratio

: 0.14 (As of Sep. 2022)
View and export this data going back to 2015. Start your Free Trial

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. Target Group's current ratio for the quarter that ended in Sep. 2022 was 0.14.

Target Group has a current ratio of 0.14. It indicates that the company may have difficulty meeting its current obligations. Low values, however, do not indicate a critical problem. If Target Group has good long-term prospects, it may be able to borrow against those prospects to meet current obligations.

The historical rank and industry rank for Target Group's Current Ratio or its related term are showing as below:

CBDY' s Current Ratio Range Over the Past 10 Years
Min: 0.01   Med: 0.14   Max: 2
Current: 0.14

During the past 9 years, Target Group's highest Current Ratio was 2.00. The lowest was 0.01. And the median was 0.14.

CBDY's Current Ratio is ranked worse than
95.89% of 1120 companies
in the Drug Manufacturers industry
Industry Median: 1.95 vs CBDY: 0.14

Target Group (OTCPK:CBDY) Current Ratio Historical Data

The historical data trend for Target Group'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.

Target Group Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Current Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only - 0.16 0.04 0.15 0.14

Target Group Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Current Ratio 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 Premium Member Only Premium Member Only Premium Member Only 0.14 0.14 0.13 0.17 0.14

Target Group (OTCPK:CBDY) Current Ratio Competitive Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Target Group'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.

   

Target Group (OTCPK:CBDY) Current Ratio Distribution

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

* The bar in red indicates where Target Group's Current Ratio falls into.



Target Group 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.

Target Group's Current Ratio for the fiscal year that ended in Dec. 2021

Current Ratio (A: Dec. 2021 )=Total Current Assets (A: Dec. 2021 )/Total Current Liabilities (A: Dec. 2021 )
=0.584/4.043
=0.14

Target Group's Current Ratio for the quarter that ended in Sep. 2022 is calculated as

Current Ratio (Q: Sep. 2022 )=Total Current Assets (Q: Sep. 2022 )/Total Current Liabilities (Q: Sep. 2022 )
=0.863/6.38
=0.14

* 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.


Target Group  (OTCPK:CBDY) 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.


Target Group Current Ratio Related Terms

Thank you for viewing the detailed overview of Target Group's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Target Group (OTCPK:CBDY) Business Description

Target Group logo
Traded in Other Exchanges
N/A
Address
20 Hempstead Drive, Hamilton, ON, CAN, L8W 2E7
Target Group Inc is engaged in the cultivation, processing, and distribution of curated cannabis products for the adult-use medical and recreational cannabis market in Canada. The company generates revenue from the sale of Wisp vaporizer and pod units.
Executives
Katzman Barry Alan director 36 ADDISON DRIVE ST. CATHERINES A6 L2S 4B7
Zarcone Anthony Carlo director 564 NORTH SHORE BLVD. BURLINGTON A6 L7T 1X2
Monte Frank Michael director 18 BRAESIDE SQ MARKHAM A6 L3R 0A5
Niddam Saul director 42 HEATHVIEW AVE NORTH YORK A6 M2K 2C1
Mehrali Azmatali officer: CFO 134 BRIDGEPOINTE COURT AURORA A6 L4H 3H8
Weinstein Family (2015) Trust 10 percent owner 52 RIDOUT STREET EAST TILLSONBURG A6 N4G 2E3
Schindermann Rubin director, 10 percent owner, officer: CEO 1131A LESLIE STREET SUITE 101 TORONTO A6 M3C 3L8
Starr Alexander director, 10 percent owner, officer: President 1131A LESLIE STREET SUITE 101 TORONTO A6 M3C 3L8
Chess Supersite Inc. (canada) 10 percent owner 1131A LESLIE STREET SUITE 101 TORONTO A6 M3C 3L8
Starr Nava other: See Remarks 1131A LESLIE STREET SUITE 101 TORONTO A6 M3C 3L8
Cassidy James M director, 10 percent owner, officer: president 215 APOLENA AVENUE NEWPORT BEACH CA 92662
Mckillop James K director, 10 percent owner, officer: vice president 9454 WILSHIRE BOULEVARD SUITE 612 BEVERLY HILLS CA 90212
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
premium membership