Adastra Holdings Balance Sheet Health
Financial Health criteria checks 4/6
Adastra Holdings has a total shareholder equity of CA$14.7M and total debt of CA$3.5M, which brings its debt-to-equity ratio to 24.1%. Its total assets and total liabilities are CA$32.3M and CA$17.7M respectively.
Key information
24.1%
Debt to equity ratio
CA$3.54m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$1.38m |
| Equity | CA$14.69m |
| Total liabilities | CA$17.66m |
| Total assets | CA$32.34m |
Recent financial health updates
Here's Why Adastra Holdings (CSE:XTRX) Can Afford Some Debt
Sep 28
Does Adastra Holdings (CSE:XTRX) Have A Healthy Balance Sheet?
Jan 13We Think Adastra Holdings (CSE:XTRX) Has A Fair Chunk Of Debt
Sep 28Does Adastra Holdings (CSE:XTRX) Have A Healthy Balance Sheet?
Mar 23Here's Why Adastra Holdings (CSE:XTRX) Can Afford Some Debt
Dec 07Recent updates
Adastra Holdings Ltd.'s (CSE:XTRX) Shares Leap 26% Yet They're Still Not Telling The Full Story
Mar 08Adastra Holdings Ltd.'s (CSE:XTRX) Shares Not Telling The Full Story
Jan 23Here's Why Adastra Holdings (CSE:XTRX) Can Afford Some Debt
Sep 28Subdued Growth No Barrier To Adastra Holdings Ltd.'s (CSE:XTRX) Price
Aug 03Does Adastra Holdings (CSE:XTRX) Have A Healthy Balance Sheet?
Jan 13We Think Adastra Holdings (CSE:XTRX) Has A Fair Chunk Of Debt
Sep 28Does Adastra Holdings (CSE:XTRX) Have A Healthy Balance Sheet?
Mar 23Here's Why Adastra Holdings (CSE:XTRX) Can Afford Some Debt
Dec 07Here's Why Phyto Extractions (CSE:XTRX) Can Afford Some Debt
Aug 18Auditors Have Doubts About Phyto Extractions (CSE:XTRX)
May 04Adastra Labs Holdings (CSE:XTRX) Is Making Moderate Use Of Debt
Dec 10Financial Position Analysis
Short Term Liabilities: XTRX's short term assets (CA$10.9M) do not cover its short term liabilities (CA$16.9M).
Long Term Liabilities: XTRX's short term assets (CA$10.9M) exceed its long term liabilities (CA$740.5K).
Debt to Equity History and Analysis
Debt Level: XTRX's net debt to equity ratio (14.7%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if XTRX's debt to equity ratio has reduced 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 XTRX has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: XTRX is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 62.6% per year.