IM Cannabis Balance Sheet Health
Financial Health criteria checks 3/6
IM Cannabis has a total shareholder equity of CA$8.3M and total debt of CA$12.3M, which brings its debt-to-equity ratio to 147.9%. Its total assets and total liabilities are CA$41.1M and CA$32.8M respectively.
Key information
147.9%
Debt to equity ratio
CA$12.34m
Debt
Interest coverage ratio | n/a |
Cash | CA$1.05m |
Equity | CA$8.34m |
Total liabilities | CA$32.77m |
Total assets | CA$41.11m |
Recent financial health updates
Recent updates
Potential Upside For IM Cannabis Corp. (CSE:IMCC) Not Without Risk
Jul 19Health Check: How Prudently Does IM Cannabis (CSE:IMCC) Use Debt?
Dec 24Don't Ignore The Fact That This Insider Just Sold Some Shares In IM Cannabis Corp. (CSE:IMCC)
Feb 05What Percentage Of IM Cannabis Corp. (CSE:IMCC) Shares Do Insiders Own?
Jan 08Financial Position Analysis
Short Term Liabilities: IMCC's short term assets (CA$20.0M) do not cover its short term liabilities (CA$30.5M).
Long Term Liabilities: IMCC's short term assets (CA$20.0M) exceed its long term liabilities (CA$2.3M).
Debt to Equity History and Analysis
Debt Level: IMCC's net debt to equity ratio (135.4%) is considered high.
Reducing Debt: IMCC's debt to equity ratio has increased from 16.5% to 147.9% 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: IMCC has sufficient cash runway for 4 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: IMCC is forecast to have sufficient cash runway for 2 months based on free cash flow estimates, but has since raised additional capital.