Cansortium Balance Sheet Health
Financial Health criteria checks 2/6
Cansortium has a total shareholder equity of $8.6M and total debt of $61.4M, which brings its debt-to-equity ratio to 715.2%. Its total assets and total liabilities are $177.8M and $169.2M respectively. Cansortium's EBIT is $9.3M making its interest coverage ratio 0.5. It has cash and short-term investments of $10.5M.
Key information
715.2%
Debt to equity ratio
US$61.40m
Debt
Interest coverage ratio | 0.5x |
Cash | US$10.52m |
Equity | US$8.59m |
Total liabilities | US$169.22m |
Total assets | US$177.80m |
Recent financial health updates
Is Cansortium (CSE:TIUM.U) Using Too Much Debt?
Nov 30Is Cansortium (CSE:TIUM.U) Using Debt Sensibly?
Sep 01Does Cansortium (CSE:TIUM.U) Have A Healthy Balance Sheet?
Jan 09Here's Why Cansortium (CSE:TIUM.U) Has A Meaningful Debt Burden
Sep 09Recent updates
Cansortium Inc.'s (CSE:TIUM.U) Shares Not Telling The Full Story
Jan 15Is Cansortium (CSE:TIUM.U) Using Too Much Debt?
Nov 30Is Cansortium (CSE:TIUM.U) Using Debt Sensibly?
Sep 01Cansortium Inc. (CSE:TIUM.U) Looks Inexpensive After Falling 30% But Perhaps Not Attractive Enough
Jul 28An Intrinsic Calculation For Cansortium Inc. (CSE:TIUM.U) Suggests It's 26% Undervalued
Mar 08Does Cansortium (CSE:TIUM.U) Have A Healthy Balance Sheet?
Jan 09Here's Why Cansortium (CSE:TIUM.U) Has A Meaningful Debt Burden
Sep 09Financial Position Analysis
Short Term Liabilities: TIUM.U's short term assets ($22.2M) do not cover its short term liabilities ($49.5M).
Long Term Liabilities: TIUM.U's short term assets ($22.2M) do not cover its long term liabilities ($119.7M).
Debt to Equity History and Analysis
Debt Level: TIUM.U's net debt to equity ratio (592.7%) is considered high.
Reducing Debt: TIUM.U's debt to equity ratio has increased from 81.1% to 715.2% 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: Whilst unprofitable TIUM.U has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: TIUM.U is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 33.7% per year.