CareRx Balance Sheet Health
Financial Health criteria checks 4/6
CareRx has a total shareholder equity of CA$81.5M and total debt of CA$67.1M, which brings its debt-to-equity ratio to 82.3%. Its total assets and total liabilities are CA$231.9M and CA$150.4M respectively. CareRx's EBIT is CA$6.8M making its interest coverage ratio 0.5. It has cash and short-term investments of CA$7.0M.
Key information
82.3%
Debt to equity ratio
CA$67.07m
Debt
| Interest coverage ratio | 0.5x |
| Cash | CA$7.03m |
| Equity | CA$81.53m |
| Total liabilities | CA$150.37m |
| Total assets | CA$231.89m |
Recent financial health updates
Does CareRx (TSE:CRRX) Have A Healthy Balance Sheet?
Apr 22
CareRx (TSE:CRRX) Takes On Some Risk With Its Use Of Debt
Oct 19CareRx (TSE:CRRX) Has A Somewhat Strained Balance Sheet
Sep 22These 4 Measures Indicate That CareRx (TSE:CRRX) Is Using Debt Extensively
May 14Here's Why CareRx (TSE:CRRX) Has A Meaningful Debt Burden
Jan 21Is CareRx (TSE:CRRX) Using Too Much Debt?
Dec 03
Recent updates
Does CareRx (TSE:CRRX) Have A Healthy Balance Sheet?
Apr 22Market Participants Recognise CareRx Corporation's (TSE:CRRX) Revenues Pushing Shares 28% Higher
Mar 17CareRx (TSE:CRRX) Takes On Some Risk With Its Use Of Debt
Oct 19What You Can Learn From CareRx Corporation's (TSE:CRRX) P/S
Aug 22CareRx (TSE:CRRX) Has A Somewhat Strained Balance Sheet
Sep 22These 4 Measures Indicate That CareRx (TSE:CRRX) Is Using Debt Extensively
May 14Here's Why CareRx (TSE:CRRX) Has A Meaningful Debt Burden
Jan 21Is CareRx Corporation's (TSE:CRRX) Shareholder Ownership Skewed Towards Insiders?
Mar 15Trade Alert: The Chairman Emeritus Of CareRx Corporation (TSE:CRRX), Jack Shevel, Has Just Spent CA$850k Buying 9.4% More Shares
Feb 08Reflecting on CareRx's (TSE:CRRX) Share Price Returns Over The Last Three Years
Dec 29Is CareRx (TSE:CRRX) Using Too Much Debt?
Dec 03Financial Position Analysis
Short Term Liabilities: CRRX's short term assets (CA$65.4M) exceed its short term liabilities (CA$62.4M).
Long Term Liabilities: CRRX's short term assets (CA$65.4M) do not cover its long term liabilities (CA$87.9M).
Debt to Equity History and Analysis
Debt Level: CRRX's net debt to equity ratio (73.6%) is considered high.
Reducing Debt: CRRX had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
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 CRRX has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: CRRX is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 27% per year.