Aegis Brands Balance Sheet Health

Financial Health criteria checks 0/6

Aegis Brands has a total shareholder equity of CA$21.5M and total debt of CA$27.9M, which brings its debt-to-equity ratio to 129.7%. Its total assets and total liabilities are CA$58.9M and CA$37.4M respectively. Aegis Brands's EBIT is CA$2.2M making its interest coverage ratio 0.7. It has cash and short-term investments of CA$2.1M.

Key information

129.7%

Debt to equity ratio

CA$27.92m

Debt

Interest coverage ratio	0.7x
Cash	CA$2.06m
Equity	CA$21.52m
Total liabilities	CA$37.40m
Total assets	CA$58.92m

Recent financial health updates

Recent updates

Aegis Brands Inc. (TSE:AEG) Stock Rockets 29% As Investors Are Less Pessimistic Than Expected

Aug 15

Does Aegis Brands (TSE:AEG) Have A Healthy Balance Sheet?

Jul 11

Optimistic Investors Push Aegis Brands Inc. (TSE:AEG) Shares Up 28% But Growth Is Lacking

May 01

Revenues Not Telling The Story For Aegis Brands Inc. (TSE:AEG) After Shares Rise 36%

Mar 14

Investors Don't See Light At End Of Aegis Brands Inc.'s (TSE:AEG) Tunnel

Dec 30

Does Aegis Brands (TSE:AEG) Have A Healthy Balance Sheet?

Nov 06

Is Aegis Brands (TSE:AEG) Using Debt Sensibly?

Aug 08

Aegis Brands Inc.'s (TSE:AEG) 29% Dip Still Leaving Some Shareholders Feeling Restless Over Its P/SRatio

Jun 13

A Look At The Fair Value Of Aegis Brands Inc. (TSE:AEG)

Jul 15

Financial Position Analysis

Short Term Liabilities: AEG's short term assets (CA$5.5M) do not cover its short term liabilities (CA$7.5M).

Long Term Liabilities: AEG's short term assets (CA$5.5M) do not cover its long term liabilities (CA$29.9M).

Debt to Equity History and Analysis

Debt Level: AEG's net debt to equity ratio (120.1%) is considered high.

Reducing Debt: AEG's debt to equity ratio has increased from 0% to 129.7% over the past 5 years.

Debt Coverage: AEG's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: AEG's interest payments on its debt are not well covered by EBIT (0.7x coverage).

Aegis Brands Balance Sheet Health

Financial Health criteria checks 0/6

Key information

Recent financial health updates

Does Aegis Brands (TSE:AEG) Have A Healthy Balance Sheet?

Does Aegis Brands (TSE:AEG) Have A Healthy Balance Sheet?

Is Aegis Brands (TSE:AEG) Using Debt Sensibly?

Recent updates

Aegis Brands Inc. (TSE:AEG) Stock Rockets 29% As Investors Are Less Pessimistic Than Expected

Second quarter 2024 earnings released: EPS: CA$0.01 (vs CA$0.002 loss in 2Q 2023)

New minor risk - Share price stability

Does Aegis Brands (TSE:AEG) Have A Healthy Balance Sheet?

Aegis Brands Inc. Approves the Election of Anthony Longo and Sarah Green as Directors

First quarter 2024 earnings released

Optimistic Investors Push Aegis Brands Inc. (TSE:AEG) Shares Up 28% But Growth Is Lacking

Revenues Not Telling The Story For Aegis Brands Inc. (TSE:AEG) After Shares Rise 36%

Full year 2023 earnings released: CA$0.013 loss per share (vs CA$0.38 loss in FY 2022)

Aegis Brands Inc., Annual General Meeting, May 03, 2024

Pilot Coffee Corp. agreed to acquire Bridgehead (2000) Inc. from Aegis Brands Inc. (TSX:AEG) for CAD 3.5 million.

Investors Don't See Light At End Of Aegis Brands Inc.'s (TSE:AEG) Tunnel

Does Aegis Brands (TSE:AEG) Have A Healthy Balance Sheet?

New major risk - Financial position

Is Aegis Brands (TSE:AEG) Using Debt Sensibly?

Second quarter 2023 earnings released: CA$0.003 loss per share (vs CA$0.12 loss in 2Q 2022)

Aegis Brands Inc.'s (TSE:AEG) 29% Dip Still Leaving Some Shareholders Feeling Restless Over Its P/SRatio

First quarter 2023 earnings released: CA$0.02 loss per share (vs CA$0.071 loss in 1Q 2022)

Full year 2022 earnings released: CA$0.38 loss per share (vs CA$0.21 loss in FY 2021)

Now 22% undervalued

Chief Financial Officer exercised options to buy CA$91k worth of stock.

Insufficient new directors

Third quarter 2022 earnings released: CA$0.10 loss per share (vs CA$0.078 loss in 3Q 2021)

Aegis Brands Inc., Annual General Meeting, Nov 17, 2022

Insufficient new directors

Second quarter 2022 earnings released: CA$0.12 loss per share (vs CA$0.052 loss in 2Q 2021)

First quarter 2022 earnings released: CA$0.07 loss per share (vs CA$0.07 loss in 1Q 2021)

Full year 2021 earnings released: CA$0.34 loss per share (vs CA$0.34 loss in FY 2020)

Third quarter 2021 earnings released: EPS CA$0.09 (vs CA$0.033 loss in 3Q 2020)

Chief Financial Officer Ba Le has left the company

Second quarter 2021 earnings released: CA$0.051 loss per share (vs CA$0.084 loss in 2Q 2020)

A Look At The Fair Value Of Aegis Brands Inc. (TSE:AEG)

Kiaro Holdings Corp. (TSXV:KO) entered into a strategic transaction to acquire Hemisphere Cannabis Co. from Aegis Brands Inc. (TSX:AEG).

First quarter 2021 earnings released: CA$0.029 loss per share (vs CA$0.13 loss in 1Q 2020)

Aegis Brands Inc. Reports Asset Impairment Charges for the Fourth Quarter Ended December 26, 2020

Aegis Brands Inc., Annual General Meeting, Apr 07, 2021

New 90-day high: CA$1.14

Aegis Brands Announces the Resignation Alan Simpson as Director

New 90-day high: CA$1.05

New 90-day high: CA$1.03

Third quarter 2020 earnings released: CA$0.03 loss per share

Aegis Brands Inc. Approves Reappointment of PricewaterhouseCoopers LLP as Auditor

Earnings released

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

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