Medical Cannabis Pay
Medical Cannabis Payment Solutions, Inc. develops and markets a payment system for medical cannabis transactions. Its solution assists in the state tracking of sales, collection of tax, and supervision of sales to consumers. The company was incorporated in 2013 and is based in Cheyenne, Wyoming. On August 12, 2024, Medical Cannabis Payment Solutions, Inc. filed a voluntary petition for liquidatio… Read more
Medical Cannabis Pay (REFG) - Total Assets
Latest total assets as of March 2023: $32.76K USD
Based on the latest financial reports, Medical Cannabis Pay (REFG) holds total assets worth $32.76K USD as of March 2023.
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.
Medical Cannabis Pay - Total Assets Trend (2013–2022)
This chart illustrates how Medical Cannabis Pay’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Medical Cannabis Pay - Asset Composition Analysis
Current Asset Composition (December 2022)
Medical Cannabis Pay's total assets of $32.76K consist of 0.0% current assets and 0.0% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 0.0% |
| Accounts Receivable | $0.00 | 0.0% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2013–2022)
This chart illustrates how Medical Cannabis Pay'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: Medical Cannabis Pay's current assets represent 0.0% of total assets in 2022, a decrease from 67.9% in 2013.
- Cash Position: Cash and equivalents constituted 0.0% of total assets in 2022, down from 67.9% in 2013.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2013.
- Asset Diversification: The largest asset category is goodwill at 0.0% of total assets.
Medical Cannabis Pay Competitors by Total Assets
Key competitors of Medical Cannabis Pay based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
UCrest Bhd
KLSE:0005
|
Malaysia | RM48.46 Million |
|
Vanfund Urban Investment & Development Co Ltd
SHE:000638
|
China | CN¥265.74 Million |
|
BIT Computer Co. Ltd
KQ:032850
|
Korea | ₩82.38 Billion |
|
ezCaretech Co. LTD
KQ:099750
|
Korea | ₩56.71 Billion |
|
SyntekaBio Inc
KQ:226330
|
Korea | ₩33.49 Billion |
|
Carelabs Co.Ltd
KQ:263700
|
Korea | ₩105.15 Billion |
|
Shanghai Kingstar Winning Software
SHE:300253
|
China | CN¥8.35 Billion |
|
Longmaster Information Tech
SHE:300288
|
China | CN¥1.33 Billion |
Medical Cannabis Pay - 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
Lower asset utilization - Medical Cannabis Pay generates 0.00x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Medical Cannabis Pay is currently not profitable relative to its asset base.
Medical Cannabis Pay - 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 | 0.00 | 0.00 | 0.39 |
| Quick Ratio | 0.00 | 0.00 | 0.39 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-2.35 Million | $ -917.59K | $ -110.06 |
Medical Cannabis Pay - Advanced Valuation Insights
This section examines the relationship between Medical Cannabis Pay'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 | - |
| Latest Market Cap to Assets Ratio | 0.00 |
| Asset Growth Rate (YoY) | -38.4% |
| Total Assets | $38.24K |
| Market Capitalization | $0.95 USD |
Valuation Analysis
Below Book Valuation: The market values Medical Cannabis Pay's assets below their book value (0.00 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Medical Cannabis Pay's assets decreased by 38.4% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Medical Cannabis Pay (2013–2022)
The table below shows the annual total assets of Medical Cannabis Pay from 2013 to 2022.
| Year | Total Assets | Change |
|---|---|---|
| 2022-12-31 | $38.24K | -38.36% |
| 2021-12-31 | $62.04K | -24.42% |
| 2020-12-31 | $82.08K | -21.48% |
| 2019-12-31 | $104.53K | +317.82% |
| 2018-12-31 | $25.02K | +47372.49% |
| 2017-12-31 | $52.70 | -24.99% |
| 2016-12-31 | $70.26 | -99.96% |
| 2015-12-31 | $169.75K | -41.07% |
| 2014-12-31 | $288.05K | +1842.86% |
| 2013-12-31 | $14.83K | -- |