Deveron Balance Sheet Health

Financial Health criteria checks 2/6

Deveron has a total shareholder equity of CA$29.2M and total debt of CA$44.0M, which brings its debt-to-equity ratio to 150.9%. Its total assets and total liabilities are CA$102.5M and CA$73.3M respectively.

Key information

150.9%

Debt to equity ratio

CA$43.99m

Debt

Interest coverage ration/a
CashCA$1.09m
EquityCA$29.15m
Total liabilitiesCA$73.30m
Total assetsCA$102.45m

Recent financial health updates

Recent updates

Deveron Corp. (CVE:FARM) Might Not Be As Mispriced As It Looks After Plunging 26%

May 03
Deveron Corp. (CVE:FARM) Might Not Be As Mispriced As It Looks After Plunging 26%

Investors Continue Waiting On Sidelines For Deveron Corp. (CVE:FARM)

Jan 17
Investors Continue Waiting On Sidelines For Deveron Corp. (CVE:FARM)

Is Deveron (CVE:FARM) A Risky Investment?

Nov 24
Is Deveron (CVE:FARM) A Risky Investment?

Is Deveron (CVE:FARM) Using Too Much Debt?

Aug 23
Is Deveron (CVE:FARM) Using Too Much Debt?

CA$1.33: That's What Analysts Think Deveron Corp. (CVE:FARM) Is Worth After Its Latest Results

Nov 25
CA$1.33: That's What Analysts Think Deveron Corp. (CVE:FARM) Is Worth After Its Latest Results

Financial Position Analysis

Short Term Liabilities: FARM's short term assets (CA$5.6M) do not cover its short term liabilities (CA$14.5M).

Long Term Liabilities: FARM's short term assets (CA$5.6M) do not cover its long term liabilities (CA$58.8M).


Debt to Equity History and Analysis

Debt Level: FARM's net debt to equity ratio (147.1%) is considered high.

Reducing Debt: FARM's debt to equity ratio has increased from 0% to 150.9% 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: Whilst unprofitable FARM has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: FARM is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 22.6% per year.


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