CareRx Balance Sheet Health
Financial Health criteria checks 3/6
CareRx has a total shareholder equity of CA$80.1M and total debt of CA$52.7M, which brings its debt-to-equity ratio to 65.8%. Its total assets and total liabilities are CA$219.5M and CA$139.5M respectively. CareRx's EBIT is CA$8.5M making its interest coverage ratio 0.9. It has cash and short-term investments of CA$8.4M.
Key information
65.8%
Debt to equity ratio
CA$52.71m
Debt
| Interest coverage ratio | 0.9x |
| Cash | CA$8.45m |
| Equity | CA$80.05m |
| Total liabilities | CA$139.47m |
| Total assets | CA$219.52m |
Recent financial health updates
CareRx (TSE:CRRX) Seems To Use Debt Quite Sensibly
Oct 03
Does CareRx (TSE:CRRX) Have A Healthy Balance Sheet?
Apr 22CareRx (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 21Recent updates
CareRx (TSE:CRRX) Seems To Use Debt Quite Sensibly
Oct 03Analyst Estimates: Here's What Brokers Think Of CareRx Corporation (TSE:CRRX) After Its Second-Quarter Report
Aug 11Does 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 08
Financial Position Analysis
Short Term Liabilities: CRRX's short term assets (CA$58.2M) do not cover its short term liabilities (CA$61.8M).
Long Term Liabilities: CRRX's short term assets (CA$58.2M) do not cover its long term liabilities (CA$77.7M).
Debt to Equity History and Analysis
Debt Level: CRRX's net debt to equity ratio (55.3%) 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 49.7% per year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/02/02 03:35 |
| End of Day Share Price | 2025/01/31 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
CareRx Corporation is covered by 15 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Doug Cooper | Beacon Securities Limited |
| David Martin | Bloom Burton & Co. |
| Prasath Pandurangan | Bloom Burton & Co. |