Adastra Holdings (XCNQ:XTRX) Cash-to-Debt : 0.38 (As of Dec. 2023)

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What is Adastra 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. Adastra Holdings's cash to debt ratio for the quarter that ended in Dec. 2023 was 0.38.

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

XCNQ:XTRX' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.21 Med: 0.38 Max: 0.98
Current: 0.38

During the past 5 years, Adastra Holdings's highest Cash to Debt Ratio was 0.98. The lowest was 0.21. And the median was 0.38.

XCNQ:XTRX's Cash-to-Debt is ranked worse than
65.36% of 1019 companies
in the Drug Manufacturers industry
Industry Median: 0.93 vs XCNQ:XTRX: 0.38

Adastra Holdings Cash-to-Debt Historical Data

The historical data trend for Adastra 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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Adastra Holdings Cash-to-Debt Chart

Adastra Holdings Annual Data

Trend

Apr19

Dec20

Dec21

Dec22

Dec23

Cash-to-Debt

0.98

0.46

0.21

0.26

0.38

Adastra Holdings Quarterly Data
	Oct18	Oct19	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													0.26	0.49	0.52	0.48	0.38

Competitive Comparison of Adastra Holdings's Cash-to-Debt

For the Drug Manufacturers - Specialty & Generic subindustry, Adastra 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.

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

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

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

Adastra 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.

Adastra 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)
	=	1.379	/	(3.496	+	0.148)
	=	0.38

Adastra Holdings'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)
	=	1.379	/	(3.496	+	0.148)
	=	0.38

Adastra Holdings (XCNQ:XTRX) 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.

Adastra Holdings Cash-to-Debt Related Terms

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Adastra Holdings (XCNQ:XTRX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Adastra Holdings Ltd (XCNQ:XTRX) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

XTXXF:USA D2E:Germany

Address

275th Street, Suite 5451, Langley, BC, CAN, V4W 3X8

Website

https://www.adastraholdings.ca

Adastra Holdings Ltd is an extraction and processing solutions company. It aims to develop and deploy large-scale cannabis and hemp extraction technologies and provide turnkey processing solutions to help licensed standard and micro-cultivators maximize the value of every harvest. The company has two operating segments comprised of manufacturing and non-manufacturing operations. The manufacturing operations include the manufacturing, sale, and distribution of cannabis-related products, and the non-manufacturing operations include PerceiveMD.

Executives

Lachlan Clyde Mcleod

Senior Officer

Adastra Holdings (XCNQ:XTRX) Headlines

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