Goodfood Market Balance Sheet Health
Financial Health criteria checks 2/6
Goodfood Market has a total shareholder equity of CA$-27.6M and total debt of CA$45.7M, which brings its debt-to-equity ratio to -165.8%. Its total assets and total liabilities are CA$52.2M and CA$79.8M respectively. Goodfood Market's EBIT is CA$1.4M making its interest coverage ratio 0.2. It has cash and short-term investments of CA$21.8M.
Key information
-165.8%
Debt to equity ratio
CA$45.68m
Debt
| Interest coverage ratio | 0.2x |
| Cash | CA$21.76m |
| Equity | -CA$27.56m |
| Total liabilities | CA$79.81m |
| Total assets | CA$52.25m |
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
Investors Will Want Goodfood Market's (TSE:FOOD) Growth In ROCE To Persist
Dec 31Risks To Shareholder Returns Are Elevated At These Prices For Goodfood Market Corp. (TSE:FOOD)
Oct 26Some Shareholders Feeling Restless Over Goodfood Market Corp.'s (TSE:FOOD) P/S Ratio
Jul 17Goodfood 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 12Financial 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 7.2% per year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/02/07 23:46 |
| End of Day Share Price | 2025/02/07 00:00 |
| Earnings | 2024/12/07 |
| Annual Earnings | 2024/09/07 |
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 |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| 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.
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 Github.
Analyst Sources
Goodfood Market Corp. is covered by 8 analysts. 2 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 |
|---|---|
| Luke Hannan | Canaccord Genuity |
| Frederic Tremblay | Desjardins Securities Inc. |
| Ralph Profiti | Eight Capital |