What is Christina Lake Cannabis Financial Strength?
Christina Lake Cannabis has the Financial Strength Rank of 0.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is rated on a scale of 1 to 10 and is based on these factors:
1. The debt burden that the company has as measured by its
Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3.
Altman Z-Score.
4. Other debt related ratios.
A higher score indicates a stronger financial position, with companies rated 7 or above considered financially stable and unlikely to face distress. Conversely, a score of 3 or below suggests potential financial difficulties, indicating a higher risk of distress.
Christina Lake Cannabis did not have earnings to cover the interest expense.
Christina Lake Cannabis's debt to revenue ratio for the quarter that ended in Nov. 2024 was 0.65.
As of today, Christina Lake Cannabis's Altman Z-Score is 0.81.
Competitive Comparison of Christina Lake Cannabis's Financial Strength
For the Drug Manufacturers - Specialty & Generic subindustry, Christina Lake Cannabis's Financial Strength, along with its competitors' market caps and Financial Strength 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.
Christina Lake Cannabis's Financial Strength Distribution in the Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, Christina Lake Cannabis's Financial Strength distribution charts can be found below:
* The bar in red indicates where Christina Lake Cannabis's Financial Strength falls into.
Christina Lake Cannabis Financial Strength Calculation
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors
A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
Christina Lake Cannabis's Interest Expense for the
months ended in Nov. 2024 was C$-0.57 Mil. Its Operating Income for the
months ended in Nov. 2024 was C$-0.05 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Nov. 2024 was C$6.31 Mil.
Christina Lake Cannabis's Interest Coverage for the quarter that ended in Nov. 2024 is
| Christina Lake Cannabis did not have earnings to cover the interest expense. |
The higher the ratio, the stronger the company's financial strength is.
Warning Sign:
Ben Graham prefers companies' interest coverage to be at least 5. Christina Lake Cannabis Corp interest coverage is 1.6, which is low.
2. Debt to revenue ratio. The lower, the better.
Christina Lake Cannabis's Debt to Revenue Ratio for the quarter that ended in Nov. 2024 is
3. Altman Z-Score.
Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
The zones of discrimination were as such:
When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.
Christina Lake Cannabis has a Z-score of 0.81, indicating it is in Distress Zones. This implies bankrupcy possibility in the next two years.
Warning Sign:
Altman Z-score of 0.81 is in distress zone. This implies bankruptcy possibility in the next two years.
* 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.
Christina Lake Cannabis Business Description
Traded in Other Exchanges
Address
1075 West Georgia Street, Suite 1890, Vancouver, BC, CAN, V6E 3C9
Christina Lake Cannabis Corp is a licensed producer of cannabis. The company cultivates cannabis using strains specifically developed for outdoor cultivation. It is a producer of high-quality, low-cost, sun-grown cannabis flowers, oil cannabinoids, and hemp-based extracts and derivatives, serving domestic and international markets.
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