IM Cannabis Balance Sheet Health
Financial Health criteria checks 3/6
IM Cannabis has a total shareholder equity of CA$4.2M and total debt of CA$15.2M, which brings its debt-to-equity ratio to 360.3%. Its total assets and total liabilities are CA$44.6M and CA$40.4M respectively.
Key information
360.3%
Debt to equity ratio
CA$15.17m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$1.96m |
| Equity | CA$4.21m |
| Total liabilities | CA$40.43m |
| Total assets | CA$44.64m |
Recent financial health updates
Recent updates
Slammed 28% IM Cannabis Corp. (CSE:IMCC) Screens Well Here But There Might Be A Catch
Sep 13
A Piece Of The Puzzle Missing From IM Cannabis Corp.'s (CSE:IMCC) Share Price
Jul 30Potential 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 05
What Percentage Of IM Cannabis Corp. (CSE:IMCC) Shares Do Insiders Own?
Jan 08Financial Position Analysis
Short Term Liabilities: IMCC's short term assets (CA$27.6M) do not cover its short term liabilities (CA$39.2M).
Long Term Liabilities: IMCC's short term assets (CA$27.6M) exceed its long term liabilities (CA$1.2M).
Debt to Equity History and Analysis
Debt Level: IMCC's net debt to equity ratio (313.8%) is considered high.
Reducing Debt: IMCC's debt to equity ratio has increased from 0% to 360.3% 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: Whilst unprofitable IMCC has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: IMCC is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 0.1% per year.