Planet 13 Holdings (XCNQ:PLTH) Cash-to-Debt : 0.76 (As of Mar. 2024)

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What is Planet 13 Holdings 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. Planet 13 Holdings's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.76.

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, Planet 13 Holdings 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 Planet 13 Holdings's Cash-to-Debt or its related term are showing as below:

XCNQ:PLTH' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.06 Med: 1.77 Max: 20.86
Current: 0.76

During the past 8 years, Planet 13 Holdings's highest Cash to Debt Ratio was 20.86. The lowest was 0.06. And the median was 1.77.

XCNQ:PLTH's Cash-to-Debt is ranked worse than
54.68% of 1046 companies
in the Drug Manufacturers industry
Industry Median: 0.95 vs XCNQ:PLTH: 0.76

Planet 13 Holdings Cash-to-Debt Historical Data

The historical data trend for Planet 13 Holdings'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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Planet 13 Holdings Cash-to-Debt Chart

Planet 13 Holdings Annual Data

Trend

Jun16

Jun17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

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1.12

3.37

2.40

1.43

0.44

Planet 13 Holdings Quarterly Data
	Jun19	Sep19	Dec19	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															1.51	1.44	1.31	0.44	0.76

Competitive Comparison of Planet 13 Holdings's Cash-to-Debt

For the Drug Manufacturers - Specialty & Generic subindustry, Planet 13 Holdings'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.

Planet 13 Holdings's Cash-to-Debt Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Planet 13 Holdings's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Planet 13 Holdings's Cash-to-Debt falls into.

Planet 13 Holdings 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.

Planet 13 Holdings'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)
	=	15.872	/	(2.092	+	33.905)
	=	0.44

Planet 13 Holdings'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)
	=	28.116	/	(2.251	+	34.924)
	=	0.76

Planet 13 Holdings (XCNQ:PLTH) 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.

Planet 13 Holdings Cash-to-Debt Related Terms

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Planet 13 Holdings (XCNQ:PLTH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Planet 13 Holdings Inc (XCNQ:PLTH) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

PLNH:USA

Address

2548 West Desert Inn Road, Las Vegas, NV, USA, 89109

Website

https://www.planet13holdings.com

Planet 13 Holdings Inc operates as an integrated cannabis company based in Nevada, with cultivation, production, and dispensary operations in Las Vegas. The company is focused on providing an unparalleled dispensary experience and optimizing cultivation efficiencies through its technology as the vanguard of cannabis.

Executives

Christopher Brian Wren

Senior Officer

Planet 13 Holdings (XCNQ:PLTH) Headlines

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