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Legal Cannabis Industry Financial Strength Information


Financial Strength Information & Trends  
 


Category:   Period:  

Legal Cannabis Industry 1 Q 4 Q 3 Q 2 Q 1 Q
  2024 2023 2023 2023 2023
Quick Ratio (TTM) 1.74 0.78 1.53 1.66 1.78
Quick Ratio Ranking # 5 # 12 # 6 # 5 # 4
Working Capital Ratio (TTM) 2.54 1.49 2.24 2.4 2.58
Working Capital Ratio Ranking # 3 # 14 # 8 # 4 # 4
Working Capital Per Revenue 0.62 0.2 0.7 0.79 0.88
Working Capital Per Revenue Ranking # 101 # 96 # 99 # 105 # 102
Leverage Ratio (TTM) 0.35 0.46 0.52 0.51 0.45
Leverage Ratio Ranking # 4 # 5 # 4 # 3 # 4
Total Debt to Equity (TTM) 0.1 0.13 0.25 0.26 0.23
Total Debt to Equity Ranking # 6 # 8 # 10 # 9 # 8
Interest Coverage (TTM) - - - - -
Interest Coverage Ranking # 96 # 102 # 100 # 106 # 107
Debt Coverage (TTM) - - - - -
Debt Coverage Ranking # 99 # 102 # 99 # 106 # 106


Quick Ratio Comment
On the trailing twelve months basis Current Liabilities decreased faster than Legal Cannabis Industry's Cash & cash equivalent, this led to improvement in Legal Cannabis Industry's Quick Ratio to 1.74 in the 1 Q 2024,, above Legal Cannabis Industry average Quick Ratio.



Within Consumer Non Cyclical sector, Legal Cannabis Industry achieved the highest Quick Ratio. Quick Ratio total ranking has improved so far to 5, from total ranking in previous quarter at 12.

Note, Numbers include only companies who have reported earnings results. Numbers change as more businesses report financial results. See the full List.

Quick Ratio Statistics as of 1 Q 2024
High Average Low
4.21 1.33 0.03
1. quarter 2021   4. quarter 2016

Quick Ratio Industry Ranking
Within: No.
Sector # 1
Overall # 5


Other Quick Ratios
Compare Industry's quick ratio to Angi's or S&P Constituent list of Legal Cannabis Industry
Highest Ranking Quick Ratios Lowest Ranking Quick Ratios
Quick Ratios for ANGI's Competitors Definiton of Quick Ratio


Legal Cannabis Industry Working Capital Ratio Statistics as of 1 Q 2024
 



Working Capital Ratio Statistics as of 1 Q 2024
High Average Low
5.16 1.8 0.08
1. quarter 2021   4. quarter 2016



Working Capital Ratio Comment
On the trailing twelve months basis Current Liabilities decreased faster than Industry's Current Assets, this led to improvement in Industry's Working Capital Ratio to 2.54 in the 1 Q 2024, above Legal Cannabis Industry average Working Capital Ratio.



Within Consumer Non Cyclical sector, Legal Cannabis Industry accomplished the highest Working Capital Ratio. Working Capital Ratio total ranking has improved to 3, from total ranking in previous quarter at 14.



Working Capital Ratio Industry Ranking
Within: No.
Sector # 1
Overall # 3

Other Working Capital Ratios
Highest Ranking Working Capital Ratios Lowest Ranking Working Capital Ratios
Compare Industry's Working Capital ratio to Angi's or S&P Constituent list of Legal Cannabis Industry
Working Capital ratios for ANGI's Competitors Definiton of Working Capital Ratio

Legal Cannabis Industry Working Capital Per Revenue Statistics as of 1 Q 2024
 
Working Capital Per Revenue Comment
On the trailing twelve months basis Legal Cannabis Industry's Working Capital Per Revenue sequentially grew to 0.62 in the 1 Q 2024, above Industry average. Due to decline in revenue year on year by -0.98%.



Within Consumer Non Cyclical sector 7 other industries have achieved lower Working Capital Per Revenue. Working Capital Per Revenue total ranking fell in contrast to the preceding quarter from 96 to 101.




Working Capital Per Revenue Statistics as of 1 Q 2024
High Average Low
5.02 0.09 -3.6
4. quarter 2020   4. quarter 2016


Working Capital Per Revenue Industry Ranking
Within: No.
Sector # 8
Overall # 101



Other Working Capital Per Revenue
Compare Industry's Working Capital Per Revenue to Angi's or S&P Constituent list of Legal Cannabis Industry
Return On Assets for Legal Cannabis Industry Definiton of Working Capital Per Revenue



Legal Cannabis Industry Leverage Ratio Statistics as of 1 Q 2024
 


Leverage Ratio Statistics as of 1 Q 2024
High Average Low
7.04 0.05 -3.3
1. quarter 2019   1. quarter 2016



Leverage Ratio Comment
Due to repayements of liabilities of -2.18% Industry improved Liabilities to Equity ratio in 1 Q 2024 to 0.35, above Legal Cannabis Industry average.



In the Consumer Non Cyclical sector only one Industry has achieved lower Leverage Ratio.



Leverage Ratio total ranking has improved so far to 4, from overall ranking in the previous quarter at 5.



Leverage Ratio Industry Ranking
Within: No.
Sector # 2
Overall # 4

Other Leverage Ratios
Compare Industry's Leverage ratio to Angi's or S&P Bond Interest rates
Highest Ranking Leverage Ratios Lowest Ranking Leverage Ratios
Leverage Ratios for ANGI's Competitors What is Leverage Ratio?


Legal Cannabis Industry Total Debt to Equity Ratio Statistics as of 1 Q 2024
 
Debt to Equity Ratio Comment
Due to debt repayement of -1.07% Industry improved Total Debt to Equity in 1 Q 2024 to 0.1, above Industry average.



Within Consumer Non Cyclical sector only one Industry has achieved lower Debt to Equity Ratio. Debt to Equity Ratio total ranking has improved so far to 6, from total ranking in previous quarter at 8.




Debt to Equity Ratio Statistics as of 1 Q 2024
High Average Low
0.47 -0.01 -0.95
1. quarter 2014   3. quarter 2017



Debt to Equity Industry Ranking
Within: No.
Sector # 2
Overall # 6

Other Debt to Equity Ratios
Highest Ranking Debt to Equity Ratios Lowest Ranking Debt to Equity Ratios
Compare Industry's Debt to Equity ratio to Angi's or S&P Definiton of Debt to Equity Ratio

Legal Cannabis Industry Interest Coverage Ratio Statistics as of 1 Q 2024
 


Interest Coverage Ratio Statistics as of 1 Q 2024
High Average Low
411.01 1.88 -94.12
2. quarter 2022   3. quarter 2022

Interest Coverage Ratio Comment
On the trailing twelve months basis



In the Consumer Non Cyclical sector 7 other industries have accomplished higher Interest Coverage Ratio. Interest Coverage total ranking has improved so far to 96, from total ranking in previous quarter at 102.



Interest Coverage Ratio Industry Ranking
Within: No.
Sector # 8
Overall # 96

Other Interest Coverage Ratios
Highest Ranking Interest Coverage Ratios Lowest Ranking Interest Coverage Ratios
Compare Industry's Interest Coverage ratio to Angi's or S&P Definiton of Interest Coverage Ratio


Legal Cannabis Industry Debt Coverage Statistics as of 1 Q 2024
 
Debt Coverage Ratio Comment
On the trailing twelve months basis



Looking into Consumer Non Cyclical sector 7 other industries have achieved higher debt coverage ratio. Debt Coverage Ratio total ranking has improved to 99, from total ranking in previous quarter at 102.




Debt Coverage Statistics as of 1 Q 2024
High Average Low
59.72 -4.61 -68.89
1. quarter 2019   2. quarter 2021



Debt Coverage Industry Ranking
Within: No.
Sector # 8
Overall # 99

Other Debt Coverage Ratios
Highest Ranking Debt Coverage Ratios Lowest Ranking Debt Coverage Ratios
See also Legal Cannabis Industry's Margin Definiton of Debt Coverage Ratio

Date modified: 2024-05-23T14:40:08+00:00



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