Verano Holdings Balance Sheet Health
Financial Health criteria checks 3/6
Verano Holdings has a total shareholder equity of $1.2B and total debt of $420.1M, which brings its debt-to-equity ratio to 34.5%. Its total assets and total liabilities are $2.3B and $1.1B respectively. Verano Holdings's EBIT is $98.6M making its interest coverage ratio 1.7. It has cash and short-term investments of $67.1M.
Key information
34.5%
Debt to equity ratio
US$420.15m
Debt
| Interest coverage ratio | 1.7x |
| Cash | US$67.12m |
| Equity | US$1.22b |
| Total liabilities | US$1.10b |
| Total assets | US$2.31b |
Recent financial health updates
Recent updates
Are Investors Undervaluing Verano Holdings Corp. (CSE:VRNO) By 31%?
Oct 07
Why Investors Shouldn't Be Surprised By Verano Holdings Corp.'s (CSE:VRNO) 34% Share Price Surge
Sep 02An Intrinsic Calculation For Verano Holdings Corp. (CSE:VRNO) Suggests It's 27% Undervalued
Jan 26Verano Holdings Corp. (CSE:VRNO) Second-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For This Year
Aug 12Verano Holdings' (CSE:VRNO) Earnings Are Weaker Than They Seem
May 25Financial Position Analysis
Short Term Liabilities: VRNO's short term assets ($321.7M) do not cover its short term liabilities ($435.4M).
Long Term Liabilities: VRNO's short term assets ($321.7M) do not cover its long term liabilities ($661.6M).
Debt to Equity History and Analysis
Debt Level: VRNO's net debt to equity ratio (29%) is considered satisfactory.
Reducing Debt: VRNO's debt to equity ratio has increased from 17.6% to 34.5% 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: Whilst unprofitable VRNO has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: VRNO is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 52.3% per year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 04:06 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Verano Holdings Corp. is covered by 17 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Aaron Grey | Alliance Global Partners |
| Kenric Tyghe | ATB Capital Markets |
| Frederico Yokota Choucair Gomes | ATB Capital Markets |