Goodfood Market Balance Sheet Health
Financial Health criteria checks 2/6
Goodfood Market has a total shareholder equity of CA$-23.7M and total debt of CA$45.2M, which brings its debt-to-equity ratio to -190.7%. Its total assets and total liabilities are CA$54.6M and CA$78.3M respectively. Goodfood Market's EBIT is CA$513.0K making its interest coverage ratio 0.1. It has cash and short-term investments of CA$23.7M.
Key information
-190.7%
Debt to equity ratio
CA$45.24m
Debt
| Interest coverage ratio | 0.1x |
| Cash | CA$23.71m |
| Equity | -CA$23.73m |
| Total liabilities | CA$78.33m |
| Total assets | CA$54.60m |
Recent financial health updates
Goodfood Market (TSE:FOOD) Has Debt But No Earnings; Should You Worry?
Feb 24
Goodfood Market (TSE:FOOD) May Not Be Profitable But It Seems To Be Managing Its Debt Just Fine, Anyway
Nov 18Is Goodfood Market (TSE:FOOD) Using Too Much Debt?
Aug 10Does Goodfood Market (TSE:FOOD) Have A Healthy Balance Sheet?
May 03Recent updates
Goodfood Market Corp. Just Reported A Surprise Profit And Analysts Updated Their Estimates
Apr 19Goodfood Market Corp. (TSE:FOOD) Investors Are Less Pessimistic Than Expected
Apr 11Unpleasant Surprises Could Be In Store For Goodfood Market Corp.'s (TSE:FOOD) Shares
Jul 19Goodfood Market (TSE:FOOD) Has Debt But No Earnings; Should You Worry?
Feb 24Analysts Have Just Cut Their Goodfood Market Corp. (TSE:FOOD) Revenue Estimates By 12%
Nov 25Goodfood Market (TSE:FOOD) May Not Be Profitable But It Seems To Be Managing Its Debt Just Fine, Anyway
Nov 18Is Goodfood Market (TSE:FOOD) Using Too Much Debt?
Aug 10Does Goodfood Market (TSE:FOOD) Have A Healthy Balance Sheet?
May 03Goodfood Market (TSE:FOOD) Is Experiencing Growth In Returns On Capital
Apr 12What Percentage Of Goodfood Market Corp. (TSE:FOOD) Shares Do Insiders Own?
Mar 18Did You Miss Goodfood Market's (TSE:FOOD) Whopping 333% Share Price Gain?
Feb 11
Financial Position Analysis
Short Term Liabilities: FOOD has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: FOOD has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: FOOD has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: FOOD's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
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 FOOD has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: FOOD is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 31.5% per year.