Christina Lake Cannabis Balance Sheet Health
Financial Health criteria checks 5/6
Christina Lake Cannabis has a total shareholder equity of CA$11.7M and total debt of CA$6.0M, which brings its debt-to-equity ratio to 51.2%. Its total assets and total liabilities are CA$18.8M and CA$7.1M respectively.
Key information
51.2%
Debt to equity ratio
CA$6.00m
Debt
Interest coverage ratio | n/a |
Cash | CA$1.73m |
Equity | CA$11.71m |
Total liabilities | CA$7.12m |
Total assets | CA$18.84m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CLC's short term assets (CA$10.1M) exceed its short term liabilities (CA$5.9M).
Long Term Liabilities: CLC's short term assets (CA$10.1M) exceed its long term liabilities (CA$1.2M).
Debt to Equity History and Analysis
Debt Level: CLC's net debt to equity ratio (36.5%) is considered satisfactory.
Reducing Debt: CLC's debt to equity ratio has increased from 0% to 51.2% 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 CLC has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: CLC is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 5% per year.