Herbal Dispatch Balance Sheet Health
Financial Health criteria checks 4/6
Herbal Dispatch has a total shareholder equity of CA$4.2M and total debt of CA$1.1M, which brings its debt-to-equity ratio to 25.3%. Its total assets and total liabilities are CA$8.2M and CA$3.9M respectively.
Key information
25.3%
Debt to equity ratio
CA$1.07m
Debt
Interest coverage ratio | n/a |
Cash | CA$222.39k |
Equity | CA$4.24m |
Total liabilities | CA$3.95m |
Total assets | CA$8.19m |
Financial Position Analysis
Short Term Liabilities: HERB's short term assets (CA$2.3M) do not cover its short term liabilities (CA$2.6M).
Long Term Liabilities: HERB's short term assets (CA$2.3M) exceed its long term liabilities (CA$1.4M).
Debt to Equity History and Analysis
Debt Level: HERB's net debt to equity ratio (20.1%) is considered satisfactory.
Reducing Debt: HERB's debt to equity ratio has increased from 15.8% to 25.3% 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: HERB has sufficient cash runway for 3 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: HERB is forecast to have sufficient cash runway for 2 months based on free cash flow estimates, but has since raised additional capital.