C21 Investments Balance Sheet Health
Financial Health criteria checks 5/6
C21 Investments has a total shareholder equity of $27.3M and total debt of $1.3M, which brings its debt-to-equity ratio to 4.7%. Its total assets and total liabilities are $56.2M and $28.8M respectively. C21 Investments's EBIT is $3.3M making its interest coverage ratio 12.2. It has cash and short-term investments of $2.8M.
Key information
4.66%
Debt to equity ratio
US$1.27m
Debt
| Interest coverage ratio | 12.2x |
| Cash | US$2.80m |
| Equity | US$27.34m |
| Total liabilities | US$28.82m |
| Total assets | US$56.16m |
Recent financial health updates
Is C21 Investments (CSE:CXXI) A Risky Investment?
Sep 04
These 4 Measures Indicate That C21 Investments (CSE:CXXI) Is Using Debt Reasonably Well
Mar 21These 4 Measures Indicate That C21 Investments (CSE:CXXI) Is Using Debt Reasonably Well
Nov 29Recent updates
Some Confidence Is Lacking In C21 Investments Inc. (CSE:CXXI) As Shares Slide 28%
Nov 14More Unpleasant Surprises Could Be In Store For C21 Investments Inc.'s (CSE:CXXI) Shares After Tumbling 35%
Sep 26Revenues Not Telling The Story For C21 Investments Inc. (CSE:CXXI) After Shares Rise 30%
Jul 24Some C21 Investments Inc. (CSE:CXXI) Shareholders Look For Exit As Shares Take 26% Pounding
Nov 12Subdued Growth No Barrier To C21 Investments Inc.'s (CSE:CXXI) Price
Sep 12C21 Investments Inc.'s (CSE:CXXI) 30% Share Price Surge Not Quite Adding Up
May 12A Look At The Intrinsic Value Of C21 Investments Inc. (CSE:CXXI)
May 01Some Confidence Is Lacking In C21 Investments Inc. (CSE:CXXI) As Shares Slide 27%
Mar 09Is C21 Investments (CSE:CXXI) A Risky Investment?
Sep 04These 4 Measures Indicate That C21 Investments (CSE:CXXI) Is Using Debt Reasonably Well
Mar 21These 4 Measures Indicate That C21 Investments (CSE:CXXI) Is Using Debt Reasonably Well
Nov 29C21 Investments Inc. (CSE:CXXI) Looks Inexpensive After Falling 28% But Perhaps Not Attractive Enough
Oct 12A Look At The Fair Value Of C21 Investments Inc. (CSE:CXXI)
Apr 22Does C21 Investments (CSE:CXXI) Have A Healthy Balance Sheet?
Mar 22C21 Investments' (CSE:CXXI) Solid Earnings May Rest On Weak Foundations
Oct 05We Think C21 Investments (CSE:CXXI) Can Stay On Top Of Its Debt
Sep 03C21 Investments (CSE:CXXI) Seems To Use Debt Quite Sensibly
Mar 07Financial Position Analysis
Short Term Liabilities: CXXI's short term assets ($8.9M) exceed its short term liabilities ($7.2M).
Long Term Liabilities: CXXI's short term assets ($8.9M) do not cover its long term liabilities ($21.6M).
Debt to Equity History and Analysis
Debt Level: CXXI has more cash than its total debt.
Reducing Debt: CXXI's debt to equity ratio has reduced from 157.1% to 4.7% 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 CXXI has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: CXXI is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 16.8% per year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/12/05 01:25 |
| End of Day Share Price | 2025/12/05 00:00 |
| Earnings | 2025/09/30 |
| Annual Earnings | 2025/03/31 |
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.
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 Github.
Analyst Sources
C21 Investments Inc. is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.