The Hempshire Group (TSXV:HMPG) Cash-to-Debt : 0.05 (As of Sep. 2023)

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What is The Hempshire Group Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. The Hempshire Group's cash to debt ratio for the quarter that ended in Sep. 2023 was 0.05.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, The Hempshire Group couldn't pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

The historical rank and industry rank for The Hempshire Group's Cash-to-Debt or its related term are showing as below:

TSXV:HMPG' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05 Med: 0.46 Max: 49
Current: 0.05

During the past 2 years, The Hempshire Group's highest Cash to Debt Ratio was 49.00. The lowest was 0.05. And the median was 0.46.

TSXV:HMPG's Cash-to-Debt is ranked worse than
91.02% of 1047 companies
in the Drug Manufacturers industry
Industry Median: 0.92 vs TSXV:HMPG: 0.05

The Hempshire Group Cash-to-Debt Historical Data

The historical data trend for The Hempshire Group's Cash-to-Debt 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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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The Hempshire Group Cash-to-Debt Chart

The Hempshire Group Annual Data

Trend

Dec21

Dec22

Cash-to-Debt

0.20

28.91

The Hempshire Group Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial			49.00	28.91	0.62	0.31	0.05

Competitive Comparison of The Hempshire Group's Cash-to-Debt

For the Drug Manufacturers - Specialty & Generic subindustry, The Hempshire Group's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt 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.

The Hempshire Group's Cash-to-Debt Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, The Hempshire Group's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where The Hempshire Group's Cash-to-Debt falls into.

The Hempshire Group Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

The Hempshire Group's Cash to Debt Ratio for the fiscal year that ended in Dec. 2022 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	0.318	/	(0.011	+	0)
	=	28.91

The Hempshire Group's Cash to Debt Ratio for the quarter that ended in Sep. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	0.028	/	(0.628	+	0)
	=	0.04

The Hempshire Group (TSXV:HMPG) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

The Hempshire Group Cash-to-Debt Related Terms

Thank you for viewing the detailed overview of The Hempshire Group's Cash-to-Debt provided by GuruFocus.com. Please click on the following links to see related term pages.

The Hempshire Group (TSXV:HMPG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » The Hempshire Group Inc (TSXV:HMPG) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

870 East Research Drive, Suite 2, Palm Springs, CA, USA, 92262

Website

https://www.hempshiregroup.com

The Hempshire Group Inc is dedicated to sourcing the finest organic CBD-rich hemp and other organic ingredients, such as mullein and white sage, to create CBD Hemp Smokes that provide all the enjoyable rituals of smoking, without the addictive and dangerous effects of tobacco and nicotine.

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