MTL Cannabis Balance Sheet Health
Financial Health criteria checks 2/6
MTL Cannabis has a total shareholder equity of CA$18.4M and total debt of CA$22.8M, which brings its debt-to-equity ratio to 123.6%. Its total assets and total liabilities are CA$80.4M and CA$62.0M respectively. MTL Cannabis's EBIT is CA$11.0M making its interest coverage ratio 1.6. It has cash and short-term investments of CA$3.3M.
Key information
123.6%
Debt to equity ratio
CA$22.78m
Debt
| Interest coverage ratio | 1.6x |
| Cash | CA$3.27m |
| Equity | CA$18.43m |
| Total liabilities | CA$61.99m |
| Total assets | CA$80.42m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: MTLC's short term assets (CA$28.0M) do not cover its short term liabilities (CA$40.8M).
Long Term Liabilities: MTLC's short term assets (CA$28.0M) exceed its long term liabilities (CA$21.2M).
Debt to Equity History and Analysis
Debt Level: MTLC's net debt to equity ratio (105.9%) 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 (64.7%).
Interest Coverage: MTLC's interest payments on its debt are not well covered by EBIT (1.6x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 00:28 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
MTL Cannabis Corp. is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
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