Glass House Brands (NEOE:GLAS.A.U) Cash-to-Debt : 0.33 (As of Mar. 2024)

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What is Glass House Brands 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. Glass House Brands's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.33.

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, Glass House Brands couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

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

NEOE:GLAS.A.U' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.15 Med: 0.33 Max: 45.61
Current: 0.33

During the past 4 years, Glass House Brands's highest Cash to Debt Ratio was 45.61. The lowest was 0.15. And the median was 0.33.

NEOE:GLAS.A.U's Cash-to-Debt is ranked worse than
68.19% of 1047 companies
in the Drug Manufacturers industry
Industry Median: 0.93 vs NEOE:GLAS.A.U: 0.33

Glass House Brands Cash-to-Debt Historical Data

The historical data trend for Glass House Brands'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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Glass House Brands Cash-to-Debt Chart

Glass House Brands Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.20

1.06

0.15

0.39

Glass House Brands Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial												0.18	0.26	0.46	0.39	0.33

Competitive Comparison of Glass House Brands's Cash-to-Debt

For the Drug Manufacturers - Specialty & Generic subindustry, Glass House Brands'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.

Glass House Brands's Cash-to-Debt Distribution in the Drug Manufacturers Industry

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

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

Glass House Brands 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.

Glass House Brands'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)
	=	29.524	/	(9.39	+	65.736)
	=	0.39

Glass House Brands's Cash to Debt Ratio for the quarter that ended in Mar. 2024 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)
	=	24.408	/	(9.373	+	63.918)
	=	0.33

Glass House Brands (NEOE:GLAS.A.U) 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.

Glass House Brands Cash-to-Debt Related Terms

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Glass House Brands (NEOE:GLAS.A.U) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Glass House Brands Inc (NEOE:GLAS.A.U) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

GLASF:USA 4KF0:Germany

Address

3645 Long Beach Boulevard, Long Beach, CA, USA, 90807

Website

https://www.glasshousegroup.com

Glass House Brands Inc is a vertically integrated cannabis and hemp company with a focus on the California market. Its portfolio of brands includes Glass House Farms, Forbidden Flowers, and Mama Sue Wellness.

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