Happy Belly Food Group Balance Sheet Health
Financial Health criteria checks 6/6
Happy Belly Food Group has a total shareholder equity of CA$2.3M and total debt of CA$4.3M, which brings its debt-to-equity ratio to 191.3%. Its total assets and total liabilities are CA$9.5M and CA$7.2M respectively.
Key information
191.3%
Debt to equity ratio
CA$4.33m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$4.44m |
| Equity | CA$2.27m |
| Total liabilities | CA$7.20m |
| Total assets | CA$9.46m |
Recent financial health updates
Is Happy Belly Food Group (CSE:HBFG) Weighed On By Its Debt Load?
Nov 12
Does Happy Belly Food Group (CSE:HBFG) Have A Healthy Balance Sheet?
Apr 26Recent updates
Is Happy Belly Food Group (CSE:HBFG) Weighed On By Its Debt Load?
Nov 12Here's Why Happy Belly Food Group Inc.'s (CSE:HBFG) CEO Compensation Is The Least Of Shareholders Concerns
Dec 22Does Happy Belly Food Group (CSE:HBFG) Have A Healthy Balance Sheet?
Apr 26Chairman Shawn Moniz Just Bought 92% More Shares In Plant & Co. Brands Ltd. (CSE:VEGN)
Dec 17Financial Position Analysis
Short Term Liabilities: HBFG's short term assets (CA$5.3M) exceed its short term liabilities (CA$3.5M).
Long Term Liabilities: HBFG's short term assets (CA$5.3M) exceed its long term liabilities (CA$3.7M).
Debt to Equity History and Analysis
Debt Level: HBFG has more cash than its total debt.
Reducing Debt: HBFG 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 HBFG has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: HBFG is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 7.3% per year.