American Cannabis Company (OTCQB:AMMJ) announced its financial results for the second quarter of 2017.
As quoted in the press release:
2017 Mid-Year Financial Update
American Cannabis Company is pleased to provide an overview of its second quarter financial results and an update on its progress year-to-date.
- The Company’s current ratio for the period ended June 30, 2017 was 13.40, which reflects the Company’s liquidity and its ability to cover its current liabilities.
- The Company’s debt to equity ratio for the period ended June 30, 2017 was 0.08, which indicates the Company’s solvency and its ability to satisfy its debt obligations.
- The Company’s quick ratio for the period ended June 30, 2017 was 13.23, which shows the Company’s availability of liquid assets