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

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What is Cannabis Global Total Assets?

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 Total Assets Historical Data

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.

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Cannabis Global Total Assets Chart

Cannabis Global Annual Data

Trend

Aug12

Aug13

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Total Assets

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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															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

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

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

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Cannabis Global (Cannabis Global) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Cannabis Global Inc (OTCPK:CBGL) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

520 S. Grand Avenue, Suite 320, Los Angeles, CA, USA, 90071

Website

https://www.cannabisglobalinc.com

Cannabis Global 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 primarily 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.

Executives

Jim L. Riley	director	C/O CANNABIS GLOBAL INC., 520 S GRAND AVENUE, SUITE 320, LOS ANGELES CA 90071
Ghs Investments, Llc	10 percent owner	0830 SOUTH EASTERN AVENUE, #124-376, LAS VEGAS NV 89123
Hymers Iii R. Leslie	director, 10 percent owner	520 S GRAND AVENUE, STE 320, LOS ANGELES CA 90071
Arman Tabatabaei	director, officer: CEO, CFO	520 SOUTH GRAND AVENUE, SUITE 320, LOS ANGELES CA 90071
Lauderdale Holdings, Llc	director, 10 percent owner, officer: CEO/President/CFO	1919 NW 19 STREET, FT LAUDERDALE FL 33311
Harmel S Rayat	10 percent owner	700 - 688 WEST HASTINGS STREET, VANCOUVER A1 V6B 1P1
David A Gamache	director, officer: SECRETARY/TREASURER/CFO	3905 NATIONAL DRIVE, SUITE 110, BURTONSVILLE MD 20866
Meetesh V Patel	director, officer: PRESIDENT/CEO	8775 CENTRE PARK DRIVE, # 210, COLUMBIA MD 21045
Pattiann Hiranandani	director	3905 NATIONAL DRIVE, BURTONSVILLE MD 20866