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Canopy Growth Corporation  (CGC)
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Canopy Growth's Quick Ratio

CGC's quarterly Quick Ratio and Cash & cash equivalent, Current Liabilities growth


Current Liabilities decreased faster than Canopy Growth's Cash & cash equivalent, this led to improvement in Canopy Growth's Quick Ratio to 1.42, Quick Ratio remained below Canopy Growth Corporation average.

Within Legal Cannabis industry 4 other companies have achieved higher Quick Ratio than Canopy Growth in second quarter 2023. While Quick Ratio total ranking in the second quarter 2023 has deteriorated compared to the prior quarter from 1125 to 1463.

Explain Quick Ratio?
How much Cash & cash equivalents CGC´s has?
What are CGC´s Current Liabilities?


CGC Quick Ratio (Sep 30 2023)
II. Quarter
(Jun 30 2023)
I. Quarter
(Mar 31 2023)
IV. Quarter
(Dec 31 2022)
III. Quarter
(Sep 30 2022)
II. Quarter
Y / Y Current Liabilities Change -63.82 % 11.56 % 277.57 % 183.7 % 108.69 %
Y / Y Cash & cash equivalent Change -75.92 % -52.8 % -42.6 % -44.11 % -41.34 %
Quick Ratio MRQ 1.42 1.29 0.99 1.18 2.13
CGC's Total Ranking # 1463 # 1125 # 1824 # 1973 # 1392
Seq. Current Liabilities Change -56.5 % -43.87 % 18.43 % 25.14 % 34.12 %
Seq. Cash & cash equivalent Change -52.02 % -26.96 % -0.97 % -30.59 % -5.98 %



Quick Ratio second quarter 2023 Company Ranking
Within: No.
Legal Cannabis Industry # 5
Consumer Non Cyclical Sector # 31
Overall Market # 1463


Quick Ratio Statistics
High Average Low
8.13 4.48 0.99
(Mar 31 2021)   (Mar 31 2023)




Financial Statements
Canopy Growth's Current Liabilities $ 150 Millions Visit CGC's Balance sheet
Canopy Growth's Cash & cash equivalent $ 213 Millions Visit CGC's Balance sheet
Source of CGC's Sales Visit CGC's Sales by Geography


Cumulative Canopy Growth's Quick Ratio

CGC's Quick Ratio for the trailling 12 Months

CGC Quick Ratio

(Sep 30 2023)
II. Quarter
(Jun 30 2023)
I. Quarter
(Mar 31 2023)
IV. Quarter
(Dec 31 2022)
III. Quarter
(Sep 30 2022)
II. Quarter
Y / Y Current Liabilities TTM Growth -63.82 % 11.56 % 277.57 % 183.7 % 108.69 %
Y / Y Cash & cash equivalent TTM Growth -75.92 % -52.8 % -42.6 % -44.11 % -41.34 %
Quick Ratio TTM 1.15 1.35 1.64 2.49 3.72
Total Ranking TTM # 1286 # 1299 # 1288 # 1178 # 921
Seq. Current Liabilities TTM Growth -56.5 % -43.87 % 18.43 % 25.14 % 34.12 %
Seq. Cash & cash equivalent TTM Growth -52.02 % -26.96 % -0.97 % -30.59 % -5.98 %


On the trailing twelve months basis In spite of the year on year decrease in CGC's Current Liabilities to $150.33 millions, cumulative Quick Ratio to 1.15 below the CGC average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Legal Cannabis industry 18 other companies have achieved higher Quick Ratio than Canopy Growth. While Quick Ratio overall ranking has improved so far to 1129, from total ranking during the twelve months ending first quarter 2023 at 1264.

Explain Quick Ratio?
How much Cash & cash equivalents CGC´s has?
What are CGC´s Current Liabilities?

TTM Quick Ratio Company Ranking
Within: No.
Within the Legal Cannabis Industry # 19
Consumer Non Cyclical Sector # 161
Within the Market # 1463


trailing twelve months Quick Ratio Statistics
High Average Low
7.48 4.51 1.15
(Dec 31 2021)   (Sep 30 2023)




Companies with similar Quick Ratio in the quarter ending Sep 30 2023, within Legal Cannabis Industry Quick RatioSep 30 2023 MRQ Cash & cash equivalentSep 30 2023 MRQ Current Liabilities
Biote Corp   3.85 $ 85.575  Millions$ 22.223  Millions
Usana Health Sciences Inc   2.73 $ 307.081  Millions$ 112.559  Millions
Canopy Growth Corporation  1.42 $ 213.228  Millions$ 150.329  Millions
Mediwound Ltd   1.10 $ 11.866  Millions$ 10.829  Millions
Natural Alternatives International Inc  1.08 $ 16.749  Millions$ 15.437  Millions
Fitlife Brands Inc   0.99 $ 7.343  Millions$ 7.388  Millions
Tilray Brands Inc   0.87 $ 464.852  Millions$ 537.274  Millions
Mannatech Incorporated  0.34 $ 8.866  Millions$ 26.312  Millions

Date modified: 2023-12-22T09:50:27+00:00



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