Vice Health and Wellness (XCNQ:VICE) Cash-to-Debt : No Debt ⁽¹⁾ (As of Jun. 2023)

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What is Vice Health and Wellness 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. Vice Health and Wellness's cash to debt ratio for the quarter that ended in Jun. 2023 was No Debt ⁽¹⁾.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Vice Health and Wellness could pay off its debt using the cash in hand for the quarter that ended in Jun. 2023.

(1) 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.

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

XCNQ:VICE' s Cash-to-Debt Range Over the Past 10 Years
Min: 3.15 Med: No Debt Max: No Debt
Current: 41.67

During the past 13 years, Vice Health and Wellness's highest Cash to Debt Ratio was No Debt. The lowest was 3.15. And the median was No Debt.

XCNQ:VICE's Cash-to-Debt is ranked better than
89.67% of 1849 companies
in the Consumer Packaged Goods industry
Industry Median: 0.53 vs XCNQ:VICE: 41.67

Vice Health and Wellness Cash-to-Debt Historical Data

The historical data trend for Vice Health and Wellness'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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Vice Health and Wellness Cash-to-Debt Chart

Vice Health and Wellness Annual Data

Trend

Dec13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Cash-to-Debt

Get a 7-Day Free Trial

No Debt

10.31

18.94

3.15

Vice Health and Wellness Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Cash-to-Debt	Get a 7-Day Free Trial															17.36	3.15	4.67	No Debt	No Debt

Competitive Comparison of Vice Health and Wellness's Cash-to-Debt

For the Confectioners subindustry, Vice Health and Wellness'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.

Vice Health and Wellness's Cash-to-Debt Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Vice Health and Wellness's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Vice Health and Wellness's Cash-to-Debt falls into.

Vice Health and Wellness 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.

Vice Health and Wellness's Cash to Debt Ratio for the fiscal year that ended in Sep. 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)
	=	0.041	/	(0.013	+	0)
	=	3.15

Vice Health and Wellness's Cash to Debt Ratio for the quarter that ended in Jun. 2023 is calculated as:

Vice Health and Wellness had no debt ⁽¹⁾.

Vice Health and Wellness (XCNQ:VICE) 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.

Vice Health and Wellness Cash-to-Debt Related Terms

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

Vice Health and Wellness (XCNQ:VICE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Vice Health and Wellness Inc (XCNQ:VICE) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

VICFF:USA Z24:Germany

Address

734 - 1055 Dunsmuir Street, Vancouver, BC, CAN, V7X 1B1

Website

https://www.shopgummies.com

Vice Health and Wellness Inc formerly The Gummy Project sells low-sugar, plant-based gummy products while raising money (and awareness) to support endangered keystone species. It operates "better for you" candy company that is built to support planet's most precious species and ecosystems, while educating our future generations on the steps we must take today, to ensure a viable tomorrow.

Vice Health and Wellness (XCNQ:VICE) Cash-to-Debt : No Debt (1) (As of Jun. 2023)