Delta 9 Cannabis Inc
Humble Grow Co., together with its subsidiaries, operates as an integrated cannabis company. The company engages in the cultivation, processing, extraction, wholesale distribution, retail, and sale of medical and recreational cannabis products. Its products include dried cannabis flowers, pre-rolls, and dried sift cannabis, as well as oils, and extracted and derivative products. The company also … Read more
Delta 9 Cannabis Inc (DLTNF) - Total Assets
Latest total assets as of March 2024: $70.23 Million USD
Based on the latest financial reports, Delta 9 Cannabis Inc (DLTNF) holds total assets worth $70.23 Million USD as of March 2024.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Delta 9 Cannabis Inc - Total Assets Trend (2003–2023)
This chart illustrates how Delta 9 Cannabis Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Delta 9 Cannabis Inc - Asset Composition Analysis
Current Asset Composition (December 2023)
Delta 9 Cannabis Inc's total assets of $70.23 Million consist of 24.6% current assets and 75.4% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 2.9% |
| Accounts Receivable | $1.92 Million | 2.6% |
| Inventory | $13.52 Million | 18.3% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $14.20 Million | 19.2% |
Asset Composition Trend (2003–2023)
This chart illustrates how Delta 9 Cannabis Inc's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Delta 9 Cannabis Inc's current assets represent 24.6% of total assets in 2023, a decrease from 49.4% in 2003.
- Cash Position: Cash and equivalents constituted 2.9% of total assets in 2023, down from 49.1% in 2003.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 19.0% of total assets, an increase from 0.0% in 2003.
- Asset Diversification: The largest asset category is goodwill at 19.2% of total assets.
Delta 9 Cannabis Inc Competitors by Total Assets
Key competitors of Delta 9 Cannabis Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Swedish Orphan Biovitrum AB (publ)
PINK:BIOVF
|
USA | $67.26 Billion |
|
Kamada
NASDAQ:KMDA
|
USA | $378.79 Million |
|
One World Pharma Inc
OTCQB:OWPC
|
USA | $6.62 Million |
|
Dongwha Pharm.Co.Ltd
KO:000020
|
Korea | ₩654.63 Billion |
|
Shenzhen Neptunus Bioengineering Co Ltd
SHE:000078
|
China | CN¥27.28 Billion |
|
Yuhan Corp.
KO:000100
|
Korea | ₩3.05 Trillion |
|
Anhui Fengyuan Pharmaceutical Co Ltd
SHE:000153
|
China | CN¥4.97 Billion |
|
Kotra Industries Bhd
KLSE:0002
|
Malaysia | RM363.90 Million |
Delta 9 Cannabis Inc - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Strong asset utilization - Delta 9 Cannabis Inc generates 0.96x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Delta 9 Cannabis Inc is currently not profitable relative to its asset base.
Delta 9 Cannabis Inc - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 0.30 | 0.51 | 1.81 |
| Quick Ratio | 0.07 | 0.11 | 0.83 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-38.66 Million | $ -26.01 Million | $ 9.20 Million |
Delta 9 Cannabis Inc - Advanced Valuation Insights
This section examines the relationship between Delta 9 Cannabis Inc's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 0.74 |
| Latest Market Cap to Assets Ratio | 0.03 |
| Asset Growth Rate (YoY) | -17.3% |
| Total Assets | $74.09 Million |
| Market Capitalization | $2.12 Million USD |
Valuation Analysis
Below Book Valuation: The market values Delta 9 Cannabis Inc's assets below their book value (0.03 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Delta 9 Cannabis Inc's assets decreased by 17.3% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Delta 9 Cannabis Inc (2003–2023)
The table below shows the annual total assets of Delta 9 Cannabis Inc from 2003 to 2023.
| Year | Total Assets | Change |
|---|---|---|
| 2023-12-31 | $74.09 Million | -17.27% |
| 2022-12-31 | $89.55 Million | +19.75% |
| 2021-12-31 | $74.78 Million | -2.12% |
| 2020-12-31 | $76.40 Million | +15.49% |
| 2019-12-31 | $66.16 Million | +43.90% |
| 2018-12-31 | $45.98 Million | +83.64% |
| 2017-12-31 | $25.04 Million | +151475.96% |
| 2016-12-31 | $16.52K | +29.61% |
| 2015-12-31 | $12.74K | -16.46% |
| 2014-12-31 | $15.26K | -83.46% |
| 2013-12-31 | $92.24K | -31.33% |
| 2012-12-31 | $134.32K | -85.24% |
| 2011-12-31 | $910.25K | -19.56% |
| 2010-12-31 | $1.13 Million | +2.17% |
| 2009-12-31 | $1.11 Million | +54.43% |
| 2008-12-31 | $717.14K | -80.78% |
| 2007-12-31 | $3.73 Million | -44.51% |
| 2006-12-31 | $6.72 Million | +523.60% |
| 2005-12-31 | $1.08 Million | +42.04% |
| 2004-12-31 | $759.19K | -9.94% |
| 2003-12-31 | $842.98K | -- |