Planet 13 Holdings Inc.

CNSX:PLTH Stock Report

Market Cap: CA$250.4m

Planet 13 Holdings Balance Sheet Health

Financial Health criteria checks 4/6

Planet 13 Holdings has a total shareholder equity of $158.1M and total debt of $10.3M, which brings its debt-to-equity ratio to 6.5%. Its total assets and total liabilities are $242.4M and $84.4M respectively.

Key information

6.5%

Debt to equity ratio

US$10.33m

Debt

Interest coverage ration/a
CashUS$26.67m
EquityUS$158.06m
Total liabilitiesUS$84.37m
Total assetsUS$242.43m

Recent financial health updates

No updates

Recent updates

Planet 13 Holdings Inc. (CSE:PLTH) Stocks Shoot Up 26% But Its P/S Still Looks Reasonable

Aug 22
Planet 13 Holdings Inc. (CSE:PLTH) Stocks Shoot Up 26% But Its P/S Still Looks Reasonable

The Market Lifts Planet 13 Holdings Inc. (CSE:PLTH) Shares 25% But It Can Do More

May 01
The Market Lifts Planet 13 Holdings Inc. (CSE:PLTH) Shares 25% But It Can Do More

Market Cool On Planet 13 Holdings Inc.'s (CSE:PLTH) Revenues Pushing Shares 26% Lower

Mar 17
Market Cool On Planet 13 Holdings Inc.'s (CSE:PLTH) Revenues Pushing Shares 26% Lower

Revenues Tell The Story For Planet 13 Holdings Inc. (CSE:PLTH)

Jan 06
Revenues Tell The Story For Planet 13 Holdings Inc. (CSE:PLTH)

Sentiment Still Eluding Planet 13 Holdings Inc. (CSE:PLTH)

Aug 17
Sentiment Still Eluding Planet 13 Holdings Inc. (CSE:PLTH)

Revenue Downgrade: Here's What Analysts Forecast For Planet 13 Holdings Inc. (CSE:PLTH)

Nov 28
Revenue Downgrade: Here's What Analysts Forecast For Planet 13 Holdings Inc. (CSE:PLTH)

We Think Shareholders Will Probably Be Generous With Planet 13 Holdings Inc.'s (CSE:PLTH) CEO Compensation

Jul 07
We Think Shareholders Will Probably Be Generous With Planet 13 Holdings Inc.'s (CSE:PLTH) CEO Compensation

Planet 13 Holdings Inc.'s (CSE:PLTH) Has Found A Path To Profitability

May 07
Planet 13 Holdings Inc.'s (CSE:PLTH) Has Found A Path To Profitability

The Planet 13 Holdings (CSE:PLTH) Share Price Has Soared 333%, Delighting Many Shareholders

Mar 03
The Planet 13 Holdings (CSE:PLTH) Share Price Has Soared 333%, Delighting Many Shareholders

The Chief Financial Officer of Planet 13 Holdings Inc. (CSE:PLTH), Dennis Logan, Just Sold 33% Of Their Holding

Jan 09
The Chief Financial Officer of Planet 13 Holdings Inc. (CSE:PLTH), Dennis Logan, Just Sold 33% Of Their Holding

Are Insiders Selling Planet 13 Holdings Inc. (CSE:PLTH) Stock?

Dec 23
Are Insiders Selling Planet 13 Holdings Inc. (CSE:PLTH) Stock?

Earnings Update: Here's Why Analysts Just Lifted Their Planet 13 Holdings Inc. (CSE:PLTH) Price Target To US$5.56

Nov 27
Earnings Update: Here's Why Analysts Just Lifted Their Planet 13 Holdings Inc. (CSE:PLTH) Price Target To US$5.56

Financial Position Analysis

Short Term Liabilities: PLTH's short term assets ($54.7M) exceed its short term liabilities ($34.7M).

Long Term Liabilities: PLTH's short term assets ($54.7M) exceed its long term liabilities ($49.6M).


Debt to Equity History and Analysis

Debt Level: PLTH has more cash than its total debt.

Reducing Debt: PLTH's debt to equity ratio has increased from 2.2% to 6.5% 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: PLTH has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: PLTH has less than a year of cash runway if free cash flow continues to reduce at historical rates of 18.3% each year


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