Cresco Labs Balance Sheet Health
Financial Health criteria checks 3/6
Cresco Labs has a total shareholder equity of $365.4M and total debt of $424.9M, which brings its debt-to-equity ratio to 116.3%. Its total assets and total liabilities are $1.4B and $1.0B respectively. Cresco Labs's EBIT is $117.3M making its interest coverage ratio 2.1. It has cash and short-term investments of $153.3M.
Key information
116.3%
Debt to equity ratio
US$424.86m
Debt
| Interest coverage ratio | 2.1x |
| Cash | US$153.30m |
| Equity | US$365.37m |
| Total liabilities | US$1.02b |
| Total assets | US$1.38b |
Recent financial health updates
Here's Why Cresco Labs (CSE:CL) Has A Meaningful Debt Burden
Jun 19
Cresco Labs (CSE:CL) Seems To Be Using A Lot Of Debt
Jan 26Is Cresco Labs (CSE:CL) Using Too Much Debt?
Sep 22Cresco Labs (CSE:CL) Has A Somewhat Strained Balance Sheet
Jan 25We Think Cresco Labs (CSE:CL) Is Taking Some Risk With Its Debt
Aug 22Recent updates
Cresco Labs Inc. (CSE:CL) May Have Run Too Fast Too Soon With Recent 28% Price Plummet
Dec 14Getting In Cheap On Cresco Labs Inc. (CSE:CL) Is Unlikely
Oct 24Cresco Labs Inc. (CSE:CL) Just Released Its Second-Quarter Results And Analysts Are Updating Their Estimates
Aug 11Are Investors Undervaluing Cresco Labs Inc. (CSE:CL) By 34%?
Jul 17Here's Why Cresco Labs (CSE:CL) Has A Meaningful Debt Burden
Jun 19Cresco Labs Inc.'s (CSE:CL) 26% Dip Still Leaving Some Shareholders Feeling Restless Over Its P/SRatio
Jun 19Cresco Labs Inc. (CSE:CL) Released Earnings Last Week And Analysts Lifted Their Price Target To CA$5.41
Mar 16Investors Don't See Light At End Of Cresco Labs Inc.'s (CSE:CL) Tunnel And Push Stock Down 32%
Mar 03Cresco Labs (CSE:CL) Seems To Be Using A Lot Of Debt
Jan 26Risks To Shareholder Returns Are Elevated At These Prices For Cresco Labs Inc. (CSE:CL)
Jan 04Is Cresco Labs (CSE:CL) Using Too Much Debt?
Sep 22Some Confidence Is Lacking In Cresco Labs Inc. (CSE:CL) As Shares Slide 33%
Aug 11Cresco Labs (CSE:CL) Has A Somewhat Strained Balance Sheet
Jan 25Are Investors Undervaluing Cresco Labs Inc. (CSE:CL) By 24%?
Dec 13We Think Cresco Labs (CSE:CL) Is Taking Some Risk With Its Debt
Aug 22Estimating The Intrinsic Value Of Cresco Labs Inc. (CSE:CL)
May 23Financial Position Analysis
Short Term Liabilities: CL's short term assets ($311.9M) exceed its short term liabilities ($158.6M).
Long Term Liabilities: CL's short term assets ($311.9M) do not cover its long term liabilities ($859.0M).
Debt to Equity History and Analysis
Debt Level: CL's net debt to equity ratio (74.3%) is considered high.
Reducing Debt: CL's debt to equity ratio has increased from 0% to 116.3% 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: Whilst unprofitable CL has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: CL is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 30.1% per year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 14:23 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Cresco Labs Inc. is covered by 19 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Aaron Grey | Alliance Global Partners |
| Frederico Yokota Choucair Gomes | ATB Capital Markets |
| Kenric Tyghe | ATB Capital Markets |