CBGL (Cannabis Global) Total Assets: $14.91 Mil (As of May. 2022)


What is Cannabis Global Total Assets?

Cannabis Global CBGL Total Assets is $14.91 Mil as of May. 2022.

Cannabis Global's Total Assets for the quarter that ended in May. 2022 was $14.91 Mil.

Total Assets is connected with ROA %. Cannabis Global's annualized ROA % for the quarter that ended in May. 2022 was -12.64%. Total Assets is also linked to Revenue through Asset Turnover. Cannabis Global's Asset Turnover for the quarter that ended in May. 2022 was 0.05.

Cannabis Global  (OTCPK:CBGL) Total Assets Explanation

Total Assets is connected with ROA %.

Cannabis Global's annualized ROA % for the quarter that ended in May. 2022 is

ROA %=Net Income (Q: May. 2022 )/( (Total Assets (Q: Feb. 2022 )+Total Assets (Q: May. 2022 ))/ count )
=-1.9/( (15.148+14.909)/ 2 )
=-1.9/15.0285
=-12.64 %

Note: The Net Income data used here is four times the quarterly (May. 2022) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Cannabis Global's Asset Turnover for the quarter that ended in May. 2022 is

Asset Turnover
=Revenue (Q: May. 2022 )/( (Total Assets (Q: Feb. 2022 )+Total Assets (Q: May. 2022 ))/ count )
=0.792/( (15.148+14.909)/ 2 )
=0.792/15.0285
=0.05

* 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.

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Cannabis Global Total Assets Related Terms

Cannabis Global Total Assets Historical Data

* Premium members only.

The historical data trend for Cannabis Global's Total Assets 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 Total Assets Chart

Cannabis Global Annual Data
Trend Aug12 Aug13 Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21
Total Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.01 0.01 0.22 2.33 11.34

Cannabis Global Quarterly Data
Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22
Total Assets 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 12.25 11.34 11.52 15.15 14.91

Cannabis Global Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Cannabis Global's Total Assets for the fiscal year that ended in Aug. 2021 is calculated as

Total Assets=Total Equity (A: Aug. 2021 )+Total Liabilities (A: Aug. 2021 )
=1.356+9.983
=11.34

Cannabis Global's Total Assets for the quarter that ended in May. 2022 is calculated as

Total Assets=Total Equity (Q: May. 2022 )+Total Liabilities (Q: May. 2022 )
=7.621+7.287
=14.91

* 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 Total Assets →
What does a Total Assets of $14.91 Mil mean?
Cannabis Global (CBGL) has a Total Assets of $14.91 Mil as of May. 2022. The total amount of assets as recorded on a company's balance sheet. View historical data on Cannabis Global and its competitors.
Is Cannabis Global's Total Assets too high?
Cannabis Global's current Total Assets is $14.91 Mil.
How does Cannabis Global's Total Assets compare to MILC and BBBT?
Cannabis Global's Total Assets of $14.91 Mil 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 Total Assets for a Drug Manufacturers company?
A good Total Assets depends on the Drug Manufacturers industry context. However, Total Assets 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 Total Assets mean?
A high Total Assets can signal that a stock is expensive relative to its fundamentals. The total amount of assets as recorded on a company's balance sheet. View historical data on Cannabis Global and its competitors. Cannabis Global's current Total Assets is $14.91 Mil. 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 Total Assets of $14.91 Mil. The current Total Assets is $14.91 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Assets calculated?
Total Assets is calculated from a company's financial statements. For Cannabis Global (CBGL), the current Total Assets is $14.91 Mil 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.