Cann Group Balance Sheet Health

Financial Health criteria checks 3/6

Cann Group has a total shareholder equity of A$13.9M and total debt of A$71.9M, which brings its debt-to-equity ratio to 516.6%. Its total assets and total liabilities are A$92.8M and A$78.9M respectively.

Key information

516.6%

Debt to equity ratio

AU$71.92m

Debt

Interest coverage ration/a
CashAU$1.64m
EquityAU$13.92m
Total liabilitiesAU$78.85m
Total assetsAU$92.77m

Recent financial health updates

Recent updates

Cann Group Limited's (ASX:CAN) Price Is Right But Growth Is Lacking After Shares Rocket 36%

Sep 24
Cann Group Limited's (ASX:CAN) Price Is Right But Growth Is Lacking After Shares Rocket 36%

Cann Group Limited's (ASX:CAN) Low P/S No Reason For Excitement

Jun 04
Cann Group Limited's (ASX:CAN) Low P/S No Reason For Excitement

A Piece Of The Puzzle Missing From Cann Group Limited's (ASX:CAN) Share Price

Dec 27
A Piece Of The Puzzle Missing From Cann Group Limited's (ASX:CAN) Share Price

Cann Group (ASX:CAN) Is Making Moderate Use Of Debt

May 18
Cann Group (ASX:CAN) Is Making Moderate Use Of Debt

Shareholders May Be A Bit More Conservative With Cann Group Limited's (ASX:CAN) CEO Compensation For Now

Nov 03
Shareholders May Be A Bit More Conservative With Cann Group Limited's (ASX:CAN) CEO Compensation For Now

Here's Why We're Not Too Worried About Cann Group's (ASX:CAN) Cash Burn Situation

Feb 23
Here's Why We're Not Too Worried About Cann Group's (ASX:CAN) Cash Burn Situation

What Type Of Returns Would Cann Group's(ASX:CAN) Shareholders Have Earned If They Purchased Their SharesThree Years Ago?

Nov 25
What Type Of Returns Would Cann Group's(ASX:CAN) Shareholders Have Earned If They Purchased Their SharesThree Years Ago?

One Forecaster Is Now More Bearish On Cann Group Limited (ASX:CAN) Than They Used To Be

Nov 25
One Forecaster Is Now More Bearish On Cann Group Limited (ASX:CAN) Than They Used To Be

Financial Position Analysis

Short Term Liabilities: CAN's short term assets (A$16.3M) do not cover its short term liabilities (A$78.2M).

Long Term Liabilities: CAN's short term assets (A$16.3M) exceed its long term liabilities (A$605.0K).


Debt to Equity History and Analysis

Debt Level: CAN's net debt to equity ratio (504.8%) is considered high.

Reducing Debt: CAN's debt to equity ratio has increased from 0% to 516.6% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: CAN has sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: CAN is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.


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