Heritage Cannabis Holding (Heritage Cannabis Holding) Total Assets : $40.73 Mil (As of Oct. 2023)

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What is Heritage Cannabis Holding Total Assets?

Heritage Cannabis Holding's Total Assets for the quarter that ended in Oct. 2023 was $40.73 Mil.

During the past 12 months, Heritage Cannabis Holding's average Total Assets Growth Rate was -29.50% per year. During the past 3 years, the average Total Assets Growth Rate was -12.40% per year. During the past 5 years, the average Total Assets Growth Rate was 21.30% per year. During the past 10 years, the average Total Assets Growth Rate was 107.00% per year.

During the past 13 years, Heritage Cannabis Holding's highest 3-Year average Total Assets Growth Rate was 619.50%. The lowest was -77.30%. And the median was 17.70%.

Total Assets is connected with ROA %. Heritage Cannabis Holding's annualized ROA % for the quarter that ended in Oct. 2023 was -80.97%. Total Assets is also linked to Revenue through Asset Turnover. Heritage Cannabis Holding's Asset Turnover for the quarter that ended in Oct. 2023 was 0.12.

Heritage Cannabis Holding Total Assets Historical Data

The historical data trend for Heritage Cannabis Holding'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.

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Heritage Cannabis Holding Total Assets Chart

Heritage Cannabis Holding Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Total Assets

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70.13

63.12

78.65

57.28

40.73

Heritage Cannabis Holding Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Total Assets	Get a 7-Day Free Trial															57.28	58.93	57.78	59.91	40.73

Heritage Cannabis Holding 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.

Heritage Cannabis Holding's Total Assets for the fiscal year that ended in Oct. 2023 is calculated as

Total Assets	=	Total Equity (A: Oct. 2023 )	+	Total Liabilities (A: Oct. 2023 )
	=	15.208	+	25.525
	=	40.73

Heritage Cannabis Holding's Total Assets for the quarter that ended in Oct. 2023 is calculated as

Total Assets	=	Total Equity (Q: Oct. 2023 )	+	Total Liabilities (Q: Oct. 2023 )
	=	15.208	+	25.525
	=	40.73

Heritage Cannabis Holding (OTCPK:HERTF) Total Assets Explanation

Total Assets is connected with ROA %.

Heritage Cannabis Holding's annualized ROA % for the quarter that ended in Oct. 2023 is

ROA %	=	Net Income (Q: Oct. 2023 )	/	( (Total Assets (Q: Jul. 2023 )	+	Total Assets (Q: Oct. 2023 ))	/ count )
	=	-40.748	/	( (59.911	+	40.733)	/ 2 )
	=	-40.748	/	50.322
	=	-80.97 %

Note: The Net Income data used here is four times the quarterly (Oct. 2023) 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.

Heritage Cannabis Holding's Asset Turnover for the quarter that ended in Oct. 2023 is

	Asset Turnover
=	Revenue (Q: Oct. 2023 )	/	( (Total Assets (Q: Jul. 2023 )	+	Total Assets (Q: Oct. 2023 ))	/ count )
=	5.818	/	( (59.911	+	40.733)	/ 2 )
=	5.818	/	50.322
=	0.12

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.

Heritage Cannabis Holding Total Assets Related Terms

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Heritage Cannabis Holding (Heritage Cannabis Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Heritage Cannabis Holding Corp (OTCPK:HERTF) » Definitions » Total Assets

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Traded in Other Exchanges

N/A

Address

77 Bloor Street West, Suite 600, Toronto, ON, CAN, M5S 1M2

Website

https://www.heritagecann.com

Heritage Cannabis Holding Corp is a Canada based holding company, operating in the vertically integrated cannabis business. It cultivates, sells, and distributes medical cannabis and marijuana. The group derives revenue from the sale of goods and provision of services.