Nova Cannabis Inc.

Nova Cannabis Inc.verified

NVACF

Price:

$1.264

Market Cap:

$109.70M

Nova Cannabis Inc. engages in the operation of retail cannabis stores with a focus on the recreational-use cannabis market in Canada. As of March 31, 2022, the company operated 78 cannabis stores in Alberta, Ontario, and Saskatchewan. The company is headquartered in Edmonton, Canada. Nova Cannabis Inc. is a subsidiary of Alcanna Inc.[Read more]

Industry

Medical - Pharmaceuticals

IPO Date

2021-03-24

Stock Exchange

PNK

Ticker

NVACF

The Current Ratio as of November 2024 (TTM) for Nova Cannabis Inc. (NVACF) is 1.96

According to Nova Cannabis Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 1.96. This represents a change of 42.54% compared to the average of 1.37 of the last 4 quarters.

Nova Cannabis Inc. (NVACF) Historical Current Ratio (quarterly & annually)

How has NVACF Current Ratio performed in the past?

The mean historical Current Ratio of Nova Cannabis Inc. over the last ten years is 2.38. The current 1.96 Current Ratio has changed 8.11% with respect to the historical average. Over the past ten years (40 quarters), NVACF's Current Ratio was at its highest in in the March 2021 quarter at 2.76. The Current Ratio was at its lowest in in the September 2019 quarter at 0.

Quarterly (TTM)
Annual

Average

2.38

Median

1.57

Minimum

0.09

Maximum

9.84

Nova Cannabis Inc. (NVACF) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Nova Cannabis Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 2.88%

Maximum Annual Current Ratio = 9.84

Minimum Annual Increase = -66.78%

Minimum Annual Current Ratio = 0.09

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.2230.07%
20220.94-40.13%
20211.57-5.95%
20201.67-48.86%
20193.27-66.78%
20189.84278.17%
20172.602.88%
20160.09-64.64%

Nova Cannabis Inc. (NVACF) Average Current Ratio

How has NVACF Current Ratio performed in the past?

The current Current Ratio of Nova Cannabis Inc. (NVACF) is greater than its 3-year, greater than its 5-year, and less than than its 10-year historical averages

3-year avg

1.25

5-year avg

1.74

10-year avg

2.38

Nova Cannabis Inc. (NVACF) Current Ratio vs. Peers

How is NVACF’s Current Ratio compared to its peers?

Nova Cannabis Inc.’s Current Ratio is greater than GABY Inc. (0), greater than HealthWarehouse.com, Inc. (0.49), greater than Fire & Flower Holdings Corp. (0.81), greater than Leafly Holdings, Inc. (0.49), greater than Leafly Holdings, Inc. (0.49), less than TRxADE HEALTH, Inc. (4.16), less than SunLink Health Systems, Inc. (4.06), greater than Kiaro Holdings Corp. (1.23),

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