InnoCan Pharma Balance Sheet Health

Financial Health criteria checks 6/6

InnoCan Pharma has a total shareholder equity of $4.7M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $9.0M and $4.3M respectively.

Key information

Debt to equity ratio

US$0

Debt

Interest coverage ratio	n/a
Cash	US$4.60m
Equity	US$4.71m
Total liabilities	US$4.33m
Total assets	US$9.04m

Recent financial health updates

Recent updates

It's Probably Less Likely That InnoCan Pharma Corporation's (CSE:INNO) CEO Will See A Huge Pay Rise This Year

May 04

Is InnoCan Pharma (CSE:INNO) In A Good Position To Deliver On Growth Plans?

Dec 06

We Think InnoCan Pharma (CSE:INNO) Can Afford To Drive Business Growth

Aug 15

Companies Like InnoCan Pharma (CSE:INNO) Are In A Position To Invest In Growth

Apr 19

Is InnoCan Pharma (CSE:INNO) In A Good Position To Deliver On Growth Plans?

Jul 20

We Think InnoCan Pharma (CSE:INNO) Needs To Drive Business Growth Carefully

Apr 05

Financial Position Analysis

Short Term Liabilities: INNO's short term assets ($8.9M) exceed its short term liabilities ($4.3M).

Long Term Liabilities: INNO's short term assets ($8.9M) exceed its long term liabilities ($7.0K).

Debt to Equity History and Analysis

Debt Level: INNO is debt free.

Reducing Debt: INNO has no debt compared to 5 years ago when its debt to equity ratio was 13.4%.

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: INNO has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: INNO has sufficient cash runway for 1.1 years if free cash flow continues to reduce at historical rates of 11.4% each year.

InnoCan Pharma Balance Sheet Health

Financial Health criteria checks 6/6

Key information

Recent financial health updates

Is InnoCan Pharma (CSE:INNO) In A Good Position To Deliver On Growth Plans?

We Think InnoCan Pharma (CSE:INNO) Can Afford To Drive Business Growth

Companies Like InnoCan Pharma (CSE:INNO) Are In A Position To Invest In Growth

Is InnoCan Pharma (CSE:INNO) In A Good Position To Deliver On Growth Plans?

We Think InnoCan Pharma (CSE:INNO) Needs To Drive Business Growth Carefully

Recent updates

First quarter 2024 earnings released: US$0.007 loss per share (vs US$0.005 loss in 1Q 2023)

Innocan Pharma Corporation Reports Breakthrough in a Pre-Clinical Trial: Liposomal-CBD Injection Restores Mobility to an Amputee Female Donkey

It's Probably Less Likely That InnoCan Pharma Corporation's (CSE:INNO) CEO Will See A Huge Pay Rise This Year

Full year 2023 earnings released: US$0.018 loss per share (vs US$0.015 loss in FY 2022)

InnoCan Pharma Corporation announced that it has received CAD 1.98821 million in funding

InnoCan Pharma Corporation, Annual General Meeting, May 09, 2024

InnoCan Pharma Corporation announced that it expects to receive CAD 3 million in funding

Third quarter 2023 earnings released: US$0.008 loss per share (vs US$0.001 loss in 3Q 2022)

InnoCan Pharma Corporation announced that it has received CAD 1.627682 million in funding

InnoCan Pharma Corporation announced that it expects to receive CAD 3 million in funding

InnoCan Pharma Corporation Announces Appointment of Dr. Joseph V. Pergolizzi to its Scientific Advisory Board

Second quarter 2023 earnings released: US$0.002 loss per share (vs US$0.007 loss in 2Q 2022)

InnoCan Pharma Corporation announced that it has received CAD 1.934239 million in funding

New minor risk - Shareholder dilution

InnoCan Pharma Corporation announced that it expects to receive CAD 1.934239 million in funding

New minor risk - Shareholder dilution

InnoCan Pharma Corporation announced that it has received CAD 3.9606 million in funding

Innocan Pharma Corporation Submits New Patent Applications for Advanced Pain Relief Technology

First quarter 2023 earnings released: US$0.005 loss per share (vs US$0.003 loss in 1Q 2022)

InnoCan Pharma Corporation Announces Successful Treatment of Billy with Liposomal-CBD Injection in Pre-Clinical Trial

Full year 2022 earnings released: US$0.015 loss per share (vs US$0.045 loss in FY 2021)

InnoCan Pharma Corporation announced that it has received CAD 0.4955 million in funding

Is InnoCan Pharma (CSE:INNO) In A Good Position To Deliver On Growth Plans?

Third quarter 2022 earnings released: US$0.001 loss per share (vs US$0.016 loss in 3Q 2021)

Innocan Pharma Corporation Announces the Addition of Givi Topchishvili, to Advisory Committee, as A Business Strategy Adviser

Less than half of directors are independent

Innocan Pharma Corporation Announces Additional Positive Results in New Preclinical Trial Involving A Dog with Refractory Epilepsy

Second quarter 2022 earnings released

InnoCan Pharma Corporation Meets Pre-Clinical End-Point in Pilot Pain Study on Dogs Using LPT Liposome Technology

We Think InnoCan Pharma (CSE:INNO) Can Afford To Drive Business Growth

InnoCan Pharma Corporation Announces Results Approaches 100% Bioavailability Following Subcutaneous Injection of Its CBD Proprietary LPT Delivery System in A Clinical Study Conducted on Dogs Suffering from Pain

InnoCan Pharma Corporation Files PCT Patent Application for Novel Composition for Preventing and Treating Hair Loss

Innocan Pharma Corporation Files PCT Patent Application for Diabetic Symptoms

InnoCan Pharma Corporation Reports Positive Results from Recent Preclinical Trial on Epileptic Seizures on Dog Using LPT

Innocan Pharma Corporation Reports Successful Preclinical Dog-Trial Results Regarding Pain Management

Innocan Pharma Corporation Announces Filing of PCT Patent Application for Vaginal Atrophy Treatment

First quarter 2022 earnings released

Less than half of directors are independent

Companies Like InnoCan Pharma (CSE:INNO) Are In A Position To Invest In Growth

InnoCan Pharma Corporation Reports Successful FDA Required Characterization of Highly CBD Loaded Liposome Platform

Is InnoCan Pharma (CSE:INNO) In A Good Position To Deliver On Growth Plans?

Innocan Pharma Corporation Cbd Integrated Anti-Aging Sleeping Mask Demonstrates A Reduction of the Appearance of Wrinkles by Up to 28.8% in 4 Weeks of Clinical Study

Innocan Pharma Corporation Completes a Cosmetic Clinical Study of SHIR® CBD Eye Serum on 22 Volunteers

Innocan Pharma Announces Patent Application for Novel Cannabis-Based Vaginal Moisturizer and Lubricant Treatment

Innocan Pharma's Liposome Platform Technology Demonstrates a 7-Week Prolonged Release of CBD into Bloodstream in Recent Animal Study

Innocan Pharma's CBD Loaded Liposome Platform Technology Receives Positive Results from Recent Animal Study

We Think InnoCan Pharma (CSE:INNO) Needs To Drive Business Growth Carefully

Innocan Pharma Announces Patent Application for Novel Cannabis-Based Anti-Itch Treatment

InnoCan Pharma Corporation Announces the Completion of Its First Full-Scale Manufacturing Run in the US and the Launching of Its US Commercial Online Platform

Innocan Pharma Announces Successful Production of CBD Loaded Liposomes Under Aseptic Conditions

New 90-day high: CA$0.41

InnoCan Pharma Corporation Announces Successful Completion of a Large-Scale Production of Exosomes

InnoCan Pharma Corporation announced that it has received CAD 2.367804 million in funding

New 90-day high: CA$0.31

InnoCan Pharma Corporation Announces the Completion of Its First Full-Scale Manufacturing Run in Europe and the Commencement of its Full-Scale Manufacturing Run in the USA

Innocan Pharma Corporation Announces the Launch of Two Therapeutic Studies on Small and Large Animals Examining the Therapeutic Efficacy of CBD Loaded Liposome Platform Technology in Relevant Diseases

New 90-day high: CA$0.30

Innocan Pharma's Clinical Study in the US Indicates That More Than 90% of Participants Experienced Pain Reduction After Using Innocan's Relief & Go OTC Pain Relief Spray

Innocan Pharma's Cosmetic Clinical Study Indicates a 90% Wrinkle Reduction After Using Its SHIR(TM) Premium CBD Facial Serum

Innocan Pharma Corporation Provides Clinical Update of its Unique CBD-Loaded Liposome Platform Technology for Injectable CBD

New 90-day high: CA$0.24

InnoCan Pharma Corporation Completes Successful Cosmetic Clinical Studies

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Cash Runway Analysis

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