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.