C21 Investments Balance Sheet Health
Financial Health criteria checks 4/6
C21 Investments has a total shareholder equity of $31.0M and total debt of $1.2M, which brings its debt-to-equity ratio to 3.7%. Its total assets and total liabilities are $55.2M and $24.3M respectively. C21 Investments's EBIT is $1.8M making its interest coverage ratio 49.8. It has cash and short-term investments of $3.3M.
Key information
3.7%
Debt to equity ratio
US$1.16m
Debt
| Interest coverage ratio | 49.8x |
| Cash | US$3.26m |
| Equity | US$30.97m |
| Total liabilities | US$24.25m |
| Total assets | US$55.23m |
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
Subdued 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 ($8.1M) do not cover its short term liabilities ($15.0M).
Long Term Liabilities: CXXI's short term assets ($8.1M) do not cover its long term liabilities ($9.2M).
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 180.4% to 3.7% 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, due to free cash flow being positive and growing by 33.6% per year.