Canopy Growth Balance Sheet Health
Financial Health criteria checks 3/6
Canopy Growth has a total shareholder equity of CA$544.7M and total debt of CA$612.1M, which brings its debt-to-equity ratio to 112.4%. Its total assets and total liabilities are CA$1.4B and CA$815.1M respectively.
Key information
112.4%
Debt to equity ratio
CA$612.07m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$188.38m |
| Equity | CA$544.66m |
| Total liabilities | CA$815.09m |
| Total assets | CA$1.36b |
Recent financial health updates
Is Canopy Growth (TSE:WEED) A Risky Investment?
Sep 17
Is Canopy Growth (TSE:WEED) Using Too Much Debt?
Mar 21Is Canopy Growth (TSE:WEED) Using Too Much Debt?
Dec 08Recent updates
Canopy Growth Corporation's (TSE:WEED) 77% Share Price Surge Not Quite Adding Up
Apr 20More Unpleasant Surprises Could Be In Store For Canopy Growth Corporation's (TSE:WEED) Shares After Tumbling 28%
Feb 23Analysts Have Been Trimming Their Canopy Growth Corporation (TSE:WEED) Price Target After Its Latest Report
Feb 13Why We're Not Concerned Yet About Canopy Growth Corporation's (TSE:WEED) 42% Share Price Plunge
Dec 22Is Canopy Growth (TSE:WEED) A Risky Investment?
Sep 17With A 31% Price Drop For Canopy Growth Corporation (TSE:WEED) You'll Still Get What You Pay For
Apr 17Is Canopy Growth (TSE:WEED) Using Too Much Debt?
Mar 21Earnings Update: Canopy Growth Corporation (TSE:WEED) Just Reported And Analysts Are Trimming Their Forecasts
Feb 12Is Canopy Growth (TSE:WEED) Using Too Much Debt?
Dec 08Financial Position Analysis
Short Term Liabilities: WEED's short term assets (CA$397.3M) exceed its short term liabilities (CA$221.3M).
Long Term Liabilities: WEED's short term assets (CA$397.3M) do not cover its long term liabilities (CA$593.7M).
Debt to Equity History and Analysis
Debt Level: WEED's net debt to equity ratio (77.8%) is considered high.
Reducing Debt: WEED's debt to equity ratio has increased from 9.7% to 112.4% 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: WEED has sufficient cash runway for 6 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: WEED is forecast to have sufficient cash runway for 10 months based on free cash flow estimates, but has since raised additional capital.