MTL Cannabis Balance Sheet Health
Financial Health criteria checks 1/6
MTL Cannabis has a total shareholder equity of CA$1.9M and total debt of CA$7.8M, which brings its debt-to-equity ratio to 418.6%. Its total assets and total liabilities are CA$24.7M and CA$22.8M respectively.
Key information
418.6%
Debt to equity ratio
CA$7.84m
Debt
Interest coverage ratio | n/a |
Cash | CA$979.75k |
Equity | CA$1.87m |
Total liabilities | CA$22.80m |
Total assets | CA$24.67m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MTLC's short term assets (CA$16.7M) do not cover its short term liabilities (CA$16.8M).
Long Term Liabilities: MTLC's short term assets (CA$16.7M) exceed its long term liabilities (CA$6.0M).
Debt to Equity History and Analysis
Debt Level: MTLC's net debt to equity ratio (366.3%) is considered high.
Reducing Debt: Insufficient data to determine if MTLC's debt to equity ratio has reduced 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: Insufficient data to determine if MTLC has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if MTLC has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.