CBGL (Cannabis Global) Debt-to-Asset : 0.28 (As of May. 2022)

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What is Cannabis Global Debt-to-Asset?

Cannabis Global CBGL Debt-to-Asset is 0.28 as of May. 2022.

Cannabis Global's Short-Term Debt & Capital Lease Obligation for the quarter that ended in May. 2022 was $3.06 Mil. Cannabis Global's Long-Term Debt & Capital Lease Obligation for the quarter that ended in May. 2022 was $1.17 Mil. Cannabis Global's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in May. 2022 was $14.91 Mil. Cannabis Global's debt to asset for the quarter that ended in May. 2022 was 0.28.

Cannabis Global  (OTCPK:CBGL) 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.

Cannabis Global Debt-to-Asset Related Terms

Cannabis Global Debt-to-Asset Historical Data

* Premium members only.

The historical data trend for Cannabis Global'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.

Cannabis Global Debt-to-Asset Chart

Cannabis Global Annual Data
Trend Aug12 Aug13 Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21
Debt-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.00 18.60 0.22 1.02 0.35

Cannabis Global Quarterly Data
Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.34 0.35 0.36 0.28 0.28

CBGL vs MILC, BBBT, GCAN: Debt-to-Asset Comparison

For the Drug Manufacturers - Specialty & Generic subindustry, Cannabis Global'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.

Cannabis Global Debt-to-Asset vs Drug Manufacturers Industry

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

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


Cannabis Global Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Cannabis Global's Debt-to-Asset for the fiscal year that ended in Aug. 2021 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(2.77 + 1.236) / 11.339
=0.35

Cannabis Global's Debt-to-Asset for the quarter that ended in May. 2022 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(3.058 + 1.174) / 14.909
=0.28

* 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 0.28 mean?
Cannabis Global (CBGL) has a Debt-to-Asset of 0.28 as of May. 2022. Debt-to-asset ratio represents the ratio of total debt to total assets. View historical data on Cannabis Global and its competitors.
Is Cannabis Global's Debt-to-Asset too high?
Cannabis Global's current Debt-to-Asset is 0.28.
How does Cannabis Global's Debt-to-Asset compare to MILC and BBBT?
Cannabis Global's Debt-to-Asset of 0.28 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 Cannabis Global and its competitors. Cannabis Global's current Debt-to-Asset is 0.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cannabis Global stock overvalued right now?
Cannabis Global (CBGL) has a current Debt-to-Asset of 0.28. The current Debt-to-Asset is 0.28. 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 Cannabis Global (CBGL), the current Debt-to-Asset is 0.28 as of May. 2022. 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.

Cannabis Global Business Description

Address 520 S Grand Avenue, Suite 320, Los Angeles, CA, USA, 90071
Cannabis Global Inc manufactures and distributes various cannabis products via its majority ownership of Natural Plant Extract, Inc is developing the Ethos Comply Bag, and generally conducts research and development in the areas of hemp, cannabis and consumer food goods. The company also have an active research and development program focused on creating and commercializing engineered technologies that deliver hemp extracts and cannabinoids to the human body. Its product includes cannabis flower packaged in various weights, cannabis Pre-rolls, cannabis edible products.