Organto Foods Balance Sheet Health
Financial Health criteria checks 2/6
Organto Foods has a total shareholder equity of CA$-8.1M and total debt of CA$9.2M, which brings its debt-to-equity ratio to -112.6%. Its total assets and total liabilities are CA$8.3M and CA$16.5M respectively.
Key information
-112.6%
Debt to equity ratio
CA$9.17m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$299.13k |
| Equity | -CA$8.15m |
| Total liabilities | CA$16.49m |
| Total assets | CA$8.35m |
Recent financial health updates
Would Organto Foods (CVE:OGO) Be Better Off With Less Debt?
Dec 07
Does Organto Foods (CVE:OGO) Have A Healthy Balance Sheet?
Aug 24Recent updates
Organto Foods Inc.'s (CVE:OGO) Shares Leap 62% Yet They're Still Not Telling The Full Story
Mar 29Slammed 31% Organto Foods Inc. (CVE:OGO) Screens Well Here But There Might Be A Catch
Jan 31Organto Foods Inc. (CVE:OGO) Could Be Riskier Than It Looks
Apr 17Would Organto Foods (CVE:OGO) Be Better Off With Less Debt?
Dec 07Does Organto Foods (CVE:OGO) Have A Healthy Balance Sheet?
Aug 24Organto Foods' (CVE:OGO) Wonderful 358% Share Price Increase Shows How Capitalism Can Build Wealth
Dec 28Financial Position Analysis
Short Term Liabilities: OGO has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: OGO 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: OGO has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: OGO'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: OGO has sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: OGO is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.