Decibel Cannabis Balance Sheet Health
Financial Health criteria checks 4/6
Decibel Cannabis has a total shareholder equity of CA$46.2M and total debt of CA$41.0M, which brings its debt-to-equity ratio to 88.7%. Its total assets and total liabilities are CA$143.0M and CA$96.8M respectively. Decibel Cannabis's EBIT is CA$1.4M making its interest coverage ratio 0.5. It has cash and short-term investments of CA$3.5M.
Key information
88.7%
Debt to equity ratio
CA$40.96m
Debt
| Interest coverage ratio | 0.5x |
| Cash | CA$3.48m |
| Equity | CA$46.20m |
| Total liabilities | CA$96.79m |
| Total assets | CA$142.99m |
Recent financial health updates
Here's Why Decibel Cannabis (CVE:DB) Is Weighed Down By Its Debt Load
Jan 10
We Think Decibel Cannabis (CVE:DB) Is Taking Some Risk With Its Debt
Sep 28Is Decibel Cannabis (CVE:DB) Using Debt Sensibly?
May 17Decibel Cannabis (CVE:DB) Has Debt But No Earnings; Should You Worry?
Nov 11Decibel Cannabis (CVE:DB) Use Of Debt Could Be Considered Risky
Jul 22Does Decibel Cannabis (CVE:DB) Have A Healthy Balance Sheet?
Nov 24Recent updates
Sentiment Still Eluding Decibel Cannabis Company Inc. (CVE:DB)
Mar 06Here's Why Decibel Cannabis (CVE:DB) Is Weighed Down By Its Debt Load
Jan 10We Think Decibel Cannabis (CVE:DB) Is Taking Some Risk With Its Debt
Sep 28Cautious Investors Not Rewarding Decibel Cannabis Company Inc.'s (CVE:DB) Performance Completely
Jul 15Is Decibel Cannabis (CVE:DB) Using Debt Sensibly?
May 17Decibel Cannabis (CVE:DB) Has Debt But No Earnings; Should You Worry?
Nov 11Decibel Cannabis (CVE:DB) Use Of Debt Could Be Considered Risky
Jul 22Does Decibel Cannabis (CVE:DB) Have A Healthy Balance Sheet?
Nov 24Here's Why Decibel Cannabis (CVE:DB) Has A Meaningful Debt Burden
Aug 21Would Decibel Cannabis (CVE:DB) Be Better Off With Less Debt?
Apr 16Is Decibel Cannabis (CVE:DB) A Risky Investment?
Dec 28
Financial Position Analysis
Short Term Liabilities: DB's short term assets (CA$71.5M) exceed its short term liabilities (CA$56.7M).
Long Term Liabilities: DB's short term assets (CA$71.5M) exceed its long term liabilities (CA$40.1M).
Debt to Equity History and Analysis
Debt Level: DB's net debt to equity ratio (81.1%) is considered high.
Reducing Debt: DB's debt to equity ratio has increased from 0.4% to 88.7% 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 DB has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: DB is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 17.9% per year.