Avricore Health Balance Sheet Health
Financial Health criteria checks 6/6
Avricore Health has a total shareholder equity of CA$2.3M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$2.6M and CA$341.2K respectively. Avricore Health's EBIT is CA$57.6K making its interest coverage ratio -52.4. It has cash and short-term investments of CA$565.6K.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | -52.4x |
| Cash | CA$565.61k |
| Equity | CA$2.28m |
| Total liabilities | CA$341.18k |
| Total assets | CA$2.62m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AVCR's short term assets (CA$950.3K) exceed its short term liabilities (CA$341.2K).
Long Term Liabilities: AVCR has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: AVCR is debt free.
Reducing Debt: AVCR had no debt 5 years ago.
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 AVCR has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: AVCR is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 15.3% per year.