Decibel Cannabis Balance Sheet Health
Financial Health criteria checks 4/6
Decibel Cannabis has a total shareholder equity of CA$42.9M and total debt of CA$40.3M, which brings its debt-to-equity ratio to 93.9%. Its total assets and total liabilities are CA$137.1M and CA$94.2M respectively. Decibel Cannabis's EBIT is CA$5.6M making its interest coverage ratio 1.8. It has cash and short-term investments of CA$2.6M.
Key information
93.9%
Debt to equity ratio
CA$40.28m
Debt
Interest coverage ratio | 1.8x |
Cash | CA$2.64m |
Equity | CA$42.91m |
Total liabilities | CA$94.20m |
Total assets | CA$137.10m |
Recent financial health updates
Decibel Cannabis (CVE:DB) Takes On Some Risk With Its Use Of Debt
Jul 27Here'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 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 22Recent updates
Decibel Cannabis (CVE:DB) Takes On Some Risk With Its Use Of Debt
Jul 27Decibel Cannabis Company Inc. (CVE:DB) Analysts Are Cutting Their Estimates: Here's What You Need To Know
Jun 02Sentiment 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 28Financial Position Analysis
Short Term Liabilities: DB's short term assets (CA$73.8M) exceed its short term liabilities (CA$55.4M).
Long Term Liabilities: DB's short term assets (CA$73.8M) exceed its long term liabilities (CA$38.8M).
Debt to Equity History and Analysis
Debt Level: DB's net debt to equity ratio (87.7%) is considered high.
Reducing Debt: DB's debt to equity ratio has increased from 0.4% to 93.9% 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: 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 26% per year.