TerrAscend Balance Sheet Health
Financial Health criteria checks 2/6
TerrAscend has a total shareholder equity of $240.7M and total debt of $206.6M, which brings its debt-to-equity ratio to 85.8%. Its total assets and total liabilities are $666.5M and $425.8M respectively. TerrAscend's EBIT is $35.1M making its interest coverage ratio 1. It has cash and short-term investments of $24.2M.
Key information
85.8%
Debt to equity ratio
US$206.64m
Debt
| Interest coverage ratio | 1x |
| Cash | US$24.15m |
| Equity | US$240.74m |
| Total liabilities | US$425.78m |
| Total assets | US$666.52m |
Recent financial health updates
TerrAscend (TSE:TSND) Takes On Some Risk With Its Use Of Debt
Apr 25
Is TerrAscend (TSE:TSND) A Risky Investment?
Dec 25TerrAscend (TSE:TSND) Is Carrying A Fair Bit Of Debt
Aug 13TerrAscend (CSE:TER) Is Making Moderate Use Of Debt
Mar 06Is TerrAscend (CSE:TER) Using Too Much Debt?
Jul 15Is TerrAscend (CSE:TER) Using Too Much Debt?
Nov 03Recent updates
TerrAscend (TSE:TSND) Takes On Some Risk With Its Use Of Debt
Apr 25What You Can Learn From TerrAscend Corp.'s (TSE:TSND) P/SAfter Its 25% Share Price Crash
Mar 10Revenues Tell The Story For TerrAscend Corp. (TSE:TSND) As Its Stock Soars 25%
Jan 24Is TerrAscend (TSE:TSND) A Risky Investment?
Dec 25TerrAscend (TSE:TSND) Is Carrying A Fair Bit Of Debt
Aug 13TerrAscend Corp.'s (CSE:TER) Earnings Haven't Escaped The Attention Of Investors
Jul 03TerrAscend (CSE:TER) Is Making Moderate Use Of Debt
Mar 06Is There An Opportunity With TerrAscend Corp.'s (CSE:TER) 37% Undervaluation?
Dec 21Some Analysts Just Cut Their TerrAscend Corp. (CSE:TER) Estimates
Aug 14Is TerrAscend (CSE:TER) Using Too Much Debt?
Jul 15Is TerrAscend (CSE:TER) Using Too Much Debt?
Nov 03Time To Worry? Analysts Just Downgraded Their TerrAscend Corp. (CSE:TER) Outlook
Aug 21Financial Position Analysis
Short Term Liabilities: TSND's short term assets ($102.9M) do not cover its short term liabilities ($207.0M).
Long Term Liabilities: TSND's short term assets ($102.9M) do not cover its long term liabilities ($218.8M).
Debt to Equity History and Analysis
Debt Level: TSND's net debt to equity ratio (75.8%) is considered high.
Reducing Debt: TSND's debt to equity ratio has increased from 22.3% to 85.8% 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 TSND has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: TSND is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 4.1% per year.