Avicanna Balance Sheet Health
Financial Health criteria checks 5/6
Avicanna has a total shareholder equity of CA$9.2M and total debt of CA$84.9K, which brings its debt-to-equity ratio to 0.9%. Its total assets and total liabilities are CA$20.5M and CA$11.3M respectively.
Key information
0.9%
Debt to equity ratio
CA$84.92k
Debt
| Interest coverage ratio | n/a |
| Cash | CA$812.07k |
| Equity | CA$9.19m |
| Total liabilities | CA$11.28m |
| Total assets | CA$20.47m |
Recent financial health updates
Recent updates
Take Care Before Jumping Onto Avicanna Inc. (TSE:AVCN) Even Though It's 31% Cheaper
Nov 17
Why Investors Shouldn't Be Surprised By Avicanna Inc.'s (TSE:AVCN) 35% Share Price Surge
Aug 28Market Participants Recognise Avicanna Inc.'s (TSE:AVCN) Revenues Pushing Shares 79% Higher
Jul 11It's Down 35% But Avicanna Inc. (TSE:AVCN) Could Be Riskier Than It Looks
May 24Shareholders Should Be Pleased With Avicanna Inc.'s (TSE:AVCN) Price
Apr 05Here's Why Avicanna (TSE:AVCN) Can Afford Some Debt
Apr 18Financial Position Analysis
Short Term Liabilities: AVCN's short term assets (CA$8.0M) do not cover its short term liabilities (CA$9.7M).
Long Term Liabilities: AVCN's short term assets (CA$8.0M) exceed its long term liabilities (CA$1.6M).
Debt to Equity History and Analysis
Debt Level: AVCN has more cash than its total debt.
Reducing Debt: AVCN's debt to equity ratio has reduced from 9.4% to 0.9% 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: AVCN has sufficient cash runway for 3 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: AVCN is forecast to have sufficient cash runway for 2 months based on free cash flow estimates, but has since raised additional capital.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/22 04:50 |
| End of Day Share Price | 2025/01/22 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
Avicanna Inc. is covered by 1 analysts. 0 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 |
|---|---|
| Rahul Sarugaser | Raymond James Ltd. |