The Hash (XCNQ:REZN) Cash-to-Debt : 0.09 (As of Dec. 2023)

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What is The Hash 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 Hash's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.09.

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 Hash couldn't pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.

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

XCNQ:REZN' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.09 Med: 8.63 Max: No Debt
Current: 0.09

During the past 5 years, The Hash's highest Cash to Debt Ratio was No Debt. The lowest was 0.09. And the median was 8.63.

XCNQ:REZN's Cash-to-Debt is ranked worse than
85.77% of 1047 companies
in the Drug Manufacturers industry
Industry Median: 0.95 vs XCNQ:REZN: 0.09

The Hash Cash-to-Debt Historical Data

The historical data trend for The Hash'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 Hash Cash-to-Debt Chart

The Hash Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

No Debt

8.63

0.18

0.09

The Hash Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Cash-to-Debt	Get a 7-Day Free Trial														0.18	0.76	0.09	0.11	0.09

Competitive Comparison of The Hash's Cash-to-Debt

For the Drug Manufacturers - Specialty & Generic subindustry, The Hash'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 Hash's Cash-to-Debt Distribution in the Drug Manufacturers Industry

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

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

The Hash 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 Hash's Cash to Debt Ratio for the fiscal year that ended in Dec. 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)
	=	0.025	/	(0.268	+	0)
	=	0.09

The Hash's Cash to Debt Ratio for the quarter that ended in Dec. 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)
	=	0.025	/	(0.268	+	0)
	=	0.09

The Hash (XCNQ:REZN) 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 Hash Cash-to-Debt Related Terms

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The Hash (XCNQ:REZN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » The Hash Corp (XCNQ:REZN) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

REZNF:USA

Address

1 Adelaide Street East, Suite 801, Toronto, ON, CAN, M5C 2V9

Website

https://www.thehashcorporation.com

The Hash Corp is engaged in the production and sale of cannabis-based hashish and other cannabis products. It applies its separation and curing techniques to produce a suite of high-quality cannabis resin products, which are all-natural and free of additive and carcinogenic solvents.

The Hash (XCNQ:REZN) Headlines

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