Heritage Cannabis Holdings Balance Sheet Health
Financial Health criteria checks 5/6
Heritage Cannabis Holdings has a total shareholder equity of CA$20.9M and total debt of CA$7.3M, which brings its debt-to-equity ratio to 35.1%. Its total assets and total liabilities are CA$55.9M and CA$35.0M respectively.
Key information
35.1%
Debt to equity ratio
CA$7.31m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$4.82m |
| Equity | CA$20.85m |
| Total liabilities | CA$35.00m |
| Total assets | CA$55.85m |
Recent financial health updates
Heritage Cannabis Holdings (CSE:CANN) Has Debt But No Earnings; Should You Worry?
Sep 16
Is Heritage Cannabis Holdings (CSE:CANN) Using Too Much Debt?
Jun 15Heritage Cannabis Holdings (CSE:CANN) Is Carrying A Fair Bit Of Debt
Aug 11Is Heritage Cannabis Holdings (CSE:CANN) A Risky Investment?
Aug 24Is Heritage Cannabis Holdings (CSE:CANN) Weighed On By Its Debt Load?
Jan 07Recent updates
Positive Sentiment Still Eludes Heritage Cannabis Holdings Corp. (CSE:CANN) Following 50% Share Price Slump
Mar 27Positive Sentiment Still Eludes Heritage Cannabis Holdings Corp. (CSE:CANN) Following 33% Share Price Slump
Feb 11Investors Continue Waiting On Sidelines For Heritage Cannabis Holdings Corp. (CSE:CANN)
Dec 18Heritage Cannabis Holdings (CSE:CANN) Has Debt But No Earnings; Should You Worry?
Sep 16Heritage Cannabis Holdings Corp. (CSE:CANN) Looks Inexpensive After Falling 33% But Perhaps Not Attractive Enough
Jul 22Is Heritage Cannabis Holdings (CSE:CANN) Using Too Much Debt?
Jun 15Heritage Cannabis Holdings (CSE:CANN) Is Carrying A Fair Bit Of Debt
Aug 11Is Heritage Cannabis Holdings (CSE:CANN) A Risky Investment?
Aug 24Can You Imagine How Elated Heritage Cannabis Holdings' (CSE:CANN) Shareholders Feel About Its 775% Share Price Gain?
Mar 03Is Heritage Cannabis Holdings (CSE:CANN) Weighed On By Its Debt Load?
Jan 07Financial Position Analysis
Short Term Liabilities: CANN's short term assets (CA$32.2M) exceed its short term liabilities (CA$25.1M).
Long Term Liabilities: CANN's short term assets (CA$32.2M) exceed its long term liabilities (CA$9.9M).
Debt to Equity History and Analysis
Debt Level: CANN's net debt to equity ratio (11.9%) is considered satisfactory.
Reducing Debt: CANN's debt to equity ratio has increased from 0% to 35.1% over the past 5 years.
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: CANN has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: CANN has sufficient cash runway for 2.1 years if free cash flow continues to grow at historical rates of 6.1% each year.