MTL Cannabis Balance Sheet Health
Financial Health criteria checks 1/6
MTL Cannabis has a total shareholder equity of CA$17.3M and total debt of CA$22.0M, which brings its debt-to-equity ratio to 127.4%. Its total assets and total liabilities are CA$77.0M and CA$59.8M respectively. MTL Cannabis's EBIT is CA$9.0M making its interest coverage ratio 1.4. It has cash and short-term investments of CA$2.3M.
Key information
127.4%
Debt to equity ratio
CA$21.98m
Debt
| Interest coverage ratio | 1.4x |
| Cash | CA$2.26m |
| Equity | CA$17.26m |
| Total liabilities | CA$59.76m |
| Total assets | CA$77.02m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: MTLC's short term assets (CA$22.8M) do not cover its short term liabilities (CA$34.3M).
Long Term Liabilities: MTLC's short term assets (CA$22.8M) do not cover its long term liabilities (CA$25.4M).
Debt to Equity History and Analysis
Debt Level: MTLC's net debt to equity ratio (114.3%) is considered high.
Reducing Debt: Insufficient data to determine if MTLC's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: MTLC's debt is well covered by operating cash flow (78.4%).
Interest Coverage: MTLC's interest payments on its debt are not well covered by EBIT (1.4x coverage).