MTL Cannabis Balance Sheet Health
Financial Health criteria checks 1/6
MTL Cannabis has a total shareholder equity of CA$14.6M and total debt of CA$22.9M, which brings its debt-to-equity ratio to 156.3%. Its total assets and total liabilities are CA$71.5M and CA$56.8M respectively. MTL Cannabis's EBIT is CA$4.6M making its interest coverage ratio 0.8. It has cash and short-term investments of CA$1.4M.
Key information
156.3%
Debt to equity ratio
CA$22.86m
Debt
| Interest coverage ratio | 0.8x |
| Cash | CA$1.35m |
| Equity | CA$14.63m |
| Total liabilities | CA$56.85m |
| Total assets | CA$71.47m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: MTLC's short term assets (CA$20.2M) do not cover its short term liabilities (CA$34.3M).
Long Term Liabilities: MTLC's short term assets (CA$20.2M) do not cover its long term liabilities (CA$22.5M).
Debt to Equity History and Analysis
Debt Level: MTLC's net debt to equity ratio (147%) 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 (60.3%).
Interest Coverage: MTLC's interest payments on its debt are not well covered by EBIT (0.8x coverage).