Smart Cannabis Corp
Smart Cannabis Corp. operates in the agriculture and cannabis industries. The company, through its subsidiary, Next Generation Farming, Inc., provides turnkey, automated, commercial greenhouses systems that improve yields and decrease water consumption for cultivators of organic food and cannabis crops. The company was founded in 2010 and is based in Lake Forest, California.
Smart Cannabis Corp (SCNA) - Total Assets
Latest total assets as of June 2017: $1.56 Million USD
Based on the latest financial reports, Smart Cannabis Corp (SCNA) holds total assets worth $1.56 Million USD as of June 2017.
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.
Smart Cannabis Corp - Total Assets Trend (2006–2019)
This chart illustrates how Smart Cannabis Corp’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Smart Cannabis Corp - Asset Composition Analysis
Current Asset Composition (December 2019)
Smart Cannabis Corp's total assets of $1.56 Million consist of 10.9% current assets and 89.1% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 2.1% |
| Accounts Receivable | $0.00 | 0.0% |
| Inventory | $59.47K | 8.7% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $606.50K | 89.1% |
| Goodwill | $606.50K | 89.1% |
Asset Composition Trend (2006–2019)
This chart illustrates how Smart Cannabis Corp'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: Smart Cannabis Corp's current assets represent 10.9% of total assets in 2019, a decrease from 30.3% in 2006.
- Cash Position: Cash and equivalents constituted 2.1% of total assets in 2019, down from 30.3% in 2006.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 178.0% of total assets, an increase from 0.0% in 2006.
- Asset Diversification: The largest asset category is goodwill at 89.1% of total assets.
Smart Cannabis Corp Competitors by Total Assets
Key competitors of Smart Cannabis Corp based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
464680
KQ:464680
|
Korea | ₩31.23 Billion |
|
Cartesian Growth Corporation III Unit
NASDAQ:CGCTU
|
USA | $281.56 Million |
|
Azure Holding Group Corp
PINK:AZRH
|
USA | $16.92 Million |
|
Constellation Capital Corp.
V:CNST-P
|
Canada | CA$627.53K |
|
Little Fish Acquisition I Corp.
V:LILL-P
|
Canada | CA$56.48K |
|
Hana 30 Special Purpose Acquisition Company
KQ:469880
|
Korea | ₩17.89 Billion |
|
Chicane Capital I Corp.
V:CCIC-P
|
Canada | CA$199.07K |
|
Cuspis Capital II Ltd
V:CCII-P
|
Canada | CA$1.51 Million |
Smart Cannabis Corp - 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 - Smart Cannabis Corp generates 0.81x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Smart Cannabis Corp is currently not profitable relative to its asset base.
Smart Cannabis Corp - 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 | 9.00 | 0.17 | 2.38 |
| Quick Ratio | 9.00 | 0.00 | 0.97 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $1.38 Million | $ -600.17 | $ 516.23 |
Smart Cannabis Corp - Advanced Valuation Insights
This section examines the relationship between Smart Cannabis Corp'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) | -28.0% |
| Total Assets | $680.41K |
| Market Capitalization | $7.30 USD |
Valuation Analysis
Below Book Valuation: The market values Smart Cannabis Corp's assets below their book value (0.00 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Smart Cannabis Corp's assets decreased by 28.0% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Smart Cannabis Corp (2006–2019)
The table below shows the annual total assets of Smart Cannabis Corp from 2006 to 2019.
| Year | Total Assets | Change |
|---|---|---|
| 2019-12-31 | $680.41K | -27.97% |
| 2018-12-31 | $944.66K | -27.38% |
| 2017-12-31 | $1.30 Million | +260.25% |
| 2016-12-31 | $361.07K | +53125.48% |
| 2015-12-31 | $678.38 | -35.53% |
| 2014-12-31 | $1.05K | -99.06% |
| 2013-12-31 | $111.83K | +576.44% |
| 2007-12-31 | $16.53K | -87.66% |
| 2006-12-31 | $133.95K | -- |