1606 (CBDW) Debt-to-Asset : 161.70 (As of Dec. 2024)

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What is 1606 Debt-to-Asset?

1606's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was $1.62 Mil. 1606's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was $0.00 Mil. 1606's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2024 was $0.01 Mil. 1606's debt to asset for the quarter that ended in Dec. 2024 was 161.70.

1606 Debt-to-Asset Historical Data

The historical data trend for 1606'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.

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1606 Debt-to-Asset Chart

1606 Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Debt-to-Asset

6.29

3.44

13.62

161.70

1606 Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Debt-to-Asset	Get a 7-Day Free Trial								13.62	8.68	7.74	34.84	161.70

Competitive Comparison of 1606's Debt-to-Asset

For the Tobacco subindustry, 1606'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.

1606's Debt-to-Asset Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, 1606's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where 1606's Debt-to-Asset falls into.

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1606 Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

1606's Debt-to-Asset for the fiscal year that ended in Dec. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(1.617	+	0)	/	0.01
	=	161.70

1606's Debt-to-Asset for the quarter that ended in Dec. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(1.617	+	0)	/	0.01
	=	161.70

1606 (OTCPK:CBDW) 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.

1606 Debt-to-Asset Related Terms

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1606 Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » 1606 Corp (OTCPK:CBDW) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

2425 E. Camelback Road, Suite 150, Phoenix, AZ, USA, 85016

Website

https://www.cbd.inc

1606 Corp offers technological, particularly in AI Chatbots specifically made for the CBD industry. Company partnered with ARXT Labs to create a proprietary Chatbot using AI to answer customer questions and recommend a product based on their answers and preferences; then signed a distribution contract with Cool Blue Distribution to sell the service to CBD companies as well as offer their CBD expertise through Cool Blue's owner, Don Flanagan. In late 2023, it debuted first chat bot, chatCBDW by CBDW AI, and began signing up customers to test and implement the bot on their CBD websites.