Forte Group Holdings Balance Sheet Health
Financial Health criteria checks 2/6
Forte Group Holdings has a total shareholder equity of CA$-1.5M and total debt of CA$5.9M, which brings its debt-to-equity ratio to -401%. Its total assets and total liabilities are CA$12.9M and CA$14.4M respectively.
Key information
-401.0%
Debt to equity ratio
CA$5.94m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$59.19k |
| Equity | -CA$1.48m |
| Total liabilities | CA$14.41m |
| Total assets | CA$12.93m |
Recent financial health updates
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Aug 07Recent updates
This Is Why Shareholders May Want To Hold Back On A Pay Rise For BevCanna Enterprises Inc.'s (CSE:BEV) CEO
Dec 22Is BevCanna Enterprises (CSE:BEV) Weighed On By Its Debt Load?
Nov 17Is BevCanna Enterprises (CSE:BEV) Using Too Much Debt?
Dec 16Would BevCanna Enterprises (CSE:BEV) Be Better Off With Less Debt?
Aug 07Financial Position Analysis
Short Term Liabilities: FGH has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: FGH 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: FGH has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: FGH'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: FGH has sufficient cash runway for 0 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: FGH is forecast to have sufficient cash runway for 0 months based on free cash flow estimates, but has since raised additional capital.