Avicanna Balance Sheet Health
Financial Health criteria checks 4/6
Avicanna has a total shareholder equity of CA$7.9M and total debt of CA$1.6M, which brings its debt-to-equity ratio to 19.8%. Its total assets and total liabilities are CA$21.5M and CA$13.7M respectively.
Key information
19.8%
Debt to equity ratio
CA$1.56m
Debt
Interest coverage ratio | n/a |
Cash | CA$850.67k |
Equity | CA$7.87m |
Total liabilities | CA$13.66m |
Total assets | CA$21.54m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: AVCN's short term assets (CA$7.9M) do not cover its short term liabilities (CA$11.8M).
Long Term Liabilities: AVCN's short term assets (CA$7.9M) exceed its long term liabilities (CA$1.9M).
Debt to Equity History and Analysis
Debt Level: AVCN's net debt to equity ratio (9%) is considered satisfactory.
Reducing Debt: AVCN's debt to equity ratio has increased from 4.1% to 19.8% 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 AVCN has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: AVCN is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 21.4% per year.