Cresco Labs Balance Sheet Health
Financial Health criteria checks 3/6
Cresco Labs has a total shareholder equity of $428.1M and total debt of $411.8M, which brings its debt-to-equity ratio to 96.2%. Its total assets and total liabilities are $1.4B and $930.4M respectively. Cresco Labs's EBIT is $63.2M making its interest coverage ratio 1. It has cash and short-term investments of $103.4M.
Key information
96.2%
Debt to equity ratio
US$411.83m
Debt
| Interest coverage ratio | 1x |
| Cash | US$103.43m |
| Equity | US$428.07m |
| Total liabilities | US$930.40m |
| Total assets | US$1.36b |
Recent financial health updates
Cresco Labs (CSE:CL) Seems To Be Using A Lot Of Debt
Jan 26
Is 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 22Cresco Labs (CSE:CL) Takes On Some Risk With Its Use Of Debt
Oct 06Recent updates
Cresco 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 23Cresco Labs Inc. (CSE:CL) Analysts Are Way More Bearish Than They Used To Be
Mar 24Estimating The Fair Value Of Cresco Labs Inc. (CSE:CL)
Feb 02Cresco Labs Inc. (CSE:CL) Shares Could Be 41% Below Their Intrinsic Value Estimate
Oct 27Cresco Labs (CSE:CL) Takes On Some Risk With Its Use Of Debt
Oct 06Cresco Labs Inc. (CSE:CL) Just Reported Annual Earnings And Analysts Are Lifting Their Estimates
Mar 27Financial Position Analysis
Short Term Liabilities: CL's short term assets ($278.1M) exceed its short term liabilities ($200.2M).
Long Term Liabilities: CL's short term assets ($278.1M) do not cover its long term liabilities ($730.2M).
Debt to Equity History and Analysis
Debt Level: CL's net debt to equity ratio (72%) is considered high.
Reducing Debt: CL's debt to equity ratio has increased from 0% to 96.2% 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 3.1% per year.