High Tide Inc.

TSXV:HITI Stock Report

Mkt Cap: CA$146.5m

High Tide Financial Health

How is High Tide's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: HITI's short term assets (CA$64.1M) exceed its short term liabilities (CA$52.2M).

Long Term Liabilities: HITI's short term assets (CA$64.1M) exceed its long term liabilities (CA$54.9M).

Debt to Equity History and Analysis

Debt Level: HITI's net debt to equity ratio (5.7%) is considered satisfactory.

Reducing Debt: HITI had negative shareholder equity 5 years ago, but is now positive and has therefore improved.

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: HITI has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if HITI has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.

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