Vireo Growth Balance Sheet Health
Financial Health criteria checks 2/6
Vireo Growth has a total shareholder equity of $-22.6M and total debt of $70.3M, which brings its debt-to-equity ratio to -311.4%. Its total assets and total liabilities are $190.9M and $213.5M respectively. Vireo Growth's EBIT is $15.0M making its interest coverage ratio 0.5. It has cash and short-term investments of $12.6M.
Key information
-311.4%
Debt to equity ratio
US$70.31m
Debt
| Interest coverage ratio | 0.5x |
| Cash | US$12.60m |
| Equity | -US$22.58m |
| Total liabilities | US$213.46m |
| Total assets | US$190.88m |
Recent financial health updates
Goodness Growth Holdings (CSE:GDNS) Is Carrying A Fair Bit Of Debt
Dec 14
Health Check: How Prudently Does Goodness Growth Holdings (CSE:GDNS) Use Debt?
Jul 14Is Vireo Health International (CSE:VREO) Weighed On By Its Debt Load?
Mar 19Recent updates
Market Might Still Lack Some Conviction On Goodness Growth Holdings, Inc. (CSE:GDNS) Even After 30% Share Price Boost
Jun 01Goodness Growth Holdings, Inc. (CSE:GDNS) Stock Rockets 30% But Many Are Still Ignoring The Company
Apr 06Investors Still Aren't Entirely Convinced By Goodness Growth Holdings, Inc.'s (CSE:GDNS) Revenues Despite 59% Price Jump
Feb 01Goodness Growth Holdings (CSE:GDNS) Is Carrying A Fair Bit Of Debt
Dec 14Health Check: How Prudently Does Goodness Growth Holdings (CSE:GDNS) Use Debt?
Jul 14Is Vireo Health International (CSE:VREO) Weighed On By Its Debt Load?
Mar 19Did Business Growth Power Vireo Health International's (CSE:VREO) Share Price Gain of 127%?
Jan 25Vireo Health International's (CSE:VREO) Shareholders Are Down 55% On Their Shares
Sep 04Financial Position Analysis
Short Term Liabilities: VREO has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: VREO has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: VREO has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: VREO's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
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: VREO has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: VREO is forecast to have sufficient cash runway for 12 months based on free cash flow estimates, but has since raised additional capital.