CANQF (CanaQuest Medical) Debt-to-Asset : 1.39 (As of Mar. 2018)

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What is CanaQuest Medical Debt-to-Asset?

CanaQuest Medical CANQF -99.00% Debt-to-Asset is 1.39 as of Mar. 2018.

CanaQuest Medical's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2018 was $0.12 Mil. CanaQuest Medical's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2018 was $0.00 Mil. CanaQuest Medical's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2018 was $0.09 Mil. CanaQuest Medical's debt to asset for the quarter that ended in Mar. 2018 was 1.39.

CanaQuest Medical  (OTCPK:CANQF) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

CanaQuest Medical Debt-to-Asset Related Terms

CanaQuest Medical Debt-to-Asset Historical Data

* Premium members only.

The historical data trend for CanaQuest Medical's Debt-to-Asset 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.

CanaQuest Medical Debt-to-Asset Chart

CanaQuest Medical Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18
Debt-to-Asset
0.00 0.00 3.52 4.04 1.39

CanaQuest Medical Quarterly Data
Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18
Debt-to-Asset 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 4.04 2.89 3.07 1.39 1.39

CANQF vs NTRR, CBBT, TNTY: Debt-to-Asset Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, CanaQuest Medical's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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.

CanaQuest Medical Debt-to-Asset vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, CanaQuest Medical's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where CanaQuest Medical's Debt-to-Asset falls into.


CanaQuest Medical Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

CanaQuest Medical's Debt-to-Asset for the fiscal year that ended in Mar. 2018 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(0.11912274578243 + 0) / 0.085568353694008
=1.39

CanaQuest Medical's Debt-to-Asset for the quarter that ended in Mar. 2018 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(0.11912274578243 + 0) / 0.085568353694008
=1.39

* 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.

Frequently Asked Questions Learn more about Debt-to-Asset →
What does a Debt-to-Asset of 1.39 mean?
CanaQuest Medical (CANQF) has a Debt-to-Asset of 1.39 as of Mar. 2018. Debt-to-asset ratio represents the ratio of total debt to total assets. View historical data on CanaQuest Medical and its competitors.
Is CanaQuest Medical's Debt-to-Asset too high?
CanaQuest Medical's current Debt-to-Asset is 1.39.
How does CanaQuest Medical's Debt-to-Asset compare to NTRR and CBBT?
CanaQuest Medical's Debt-to-Asset of 1.39 can be compared against companies in the Drug Manufacturers industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Asset for a Drug Manufacturers company?
A good Debt-to-Asset depends on the Drug Manufacturers industry context. However, Debt-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Asset mean?
A high Debt-to-Asset can signal that a stock is expensive relative to its fundamentals. Debt-to-asset ratio represents the ratio of total debt to total assets. View historical data on CanaQuest Medical and its competitors. CanaQuest Medical's current Debt-to-Asset is 1.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CanaQuest Medical stock overvalued right now?
CanaQuest Medical (CANQF) has a current Debt-to-Asset of 1.39. The current Debt-to-Asset is 1.39. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Asset calculated?
Debt-to-Asset is calculated from a company's financial statements. For CanaQuest Medical (CANQF), the current Debt-to-Asset is 1.39 as of Mar. 2018. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

CanaQuest Medical Business Description

Address 4120 Ridgeway Drive, Unit 37, Mississauga, ON, CAN, L5L 5S9
CanaQuest Medical Corp is a Canadian biotechnology company. It engages in the development of health products utilizing cannabis and algae oil. The company's principal operations are the development and sale of pharmaceutical drugs and medical cannabis medications as approved by the regulatory authorities.