Delta 9 Cannabis Balance Sheet Health
Financial Health criteria checks 2/6
Delta 9 Cannabis has a total shareholder equity of CA$-6.4M and total debt of CA$44.5M, which brings its debt-to-equity ratio to -692.6%. Its total assets and total liabilities are CA$74.1M and CA$80.5M respectively.
Key information
-692.6%
Debt to equity ratio
CA$44.51m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$2.15m |
| Equity | -CA$6.43m |
| Total liabilities | CA$80.51m |
| Total assets | CA$74.09m |
Recent financial health updates
Is Delta 9 Cannabis (TSE:DN) Using Too Much Debt?
Sep 09
Does Delta 9 Cannabis (TSE:DN) Have A Healthy Balance Sheet?
Aug 19Is Delta 9 Cannabis (TSE:DN) A Risky Investment?
Jan 11Delta 9 Cannabis (TSE:DN) Is Making Moderate Use Of Debt
Sep 28Delta 9 Cannabis (TSE:DN) Is Carrying A Fair Bit Of Debt
Apr 08Recent updates
It's Down 29% But Delta 9 Cannabis Inc. (TSE:DN) Could Be Riskier Than It Looks
May 10Delta 9 Cannabis Inc.'s (TSE:DN) Shares Leap 122% Yet They're Still Not Telling The Full Story
Mar 26Market Might Still Lack Some Conviction On Delta 9 Cannabis Inc. (TSE:DN) Even After 122% Share Price Boost
Mar 26Is Delta 9 Cannabis (TSE:DN) Using Too Much Debt?
Sep 09Delta 9 Cannabis Inc. (TSE:DN) Not Doing Enough For Some Investors As Its Shares Slump 27%
Jul 28Does Delta 9 Cannabis (TSE:DN) Have A Healthy Balance Sheet?
Aug 19Is Delta 9 Cannabis (TSE:DN) A Risky Investment?
Jan 11Delta 9 Cannabis (TSE:DN) Is Making Moderate Use Of Debt
Sep 28Delta 9 Cannabis (TSE:DN) Is Carrying A Fair Bit Of Debt
Apr 08John Arbuthnot Is The Co-Founder of Delta 9 Cannabis Inc. (TSE:DN) And They Just Picked Up 1.0% More Shares
Dec 24
Financial Position Analysis
Short Term Liabilities: DN has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: DN has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: DN has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: DN's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
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 DN has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: DN is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 33.3% per year.