High Tide Balance Sheet Health
Financial Health criteria checks 6/6
High Tide has a total shareholder equity of CA$140.1M and total debt of CA$29.0M, which brings its debt-to-equity ratio to 20.7%. Its total assets and total liabilities are CA$227.3M and CA$87.2M respectively. High Tide's EBIT is CA$4.2M making its interest coverage ratio 0.4. It has cash and short-term investments of CA$28.7M.
Key information
20.7%
Debt to equity ratio
CA$28.95m
Debt
| Interest coverage ratio | 0.4x |
| Cash | CA$28.75m |
| Equity | CA$140.10m |
| Total liabilities | CA$87.21m |
| Total assets | CA$227.31m |
Recent financial health updates
Here's Why High Tide (CVE:HITI) Can Afford Some Debt
Sep 23
Does High Tide (CVE:HITI) Have A Healthy Balance Sheet?
Mar 31Is High Tide (CVE:HITI) A Risky Investment?
Nov 16High Tide (CVE:HITI) Is Making Moderate Use Of Debt
Apr 12Does High Tide (CVE:HITI) Have A Healthy Balance Sheet?
Jan 01Is High Tide (CVE:HITI) Weighed On By Its Debt Load?
Sep 17Recent updates
High Tide Inc. (CVE:HITI) Screens Well But There Might Be A Catch
Mar 16Here's Why High Tide (CVE:HITI) Can Afford Some Debt
Sep 23Take Care Before Diving Into The Deep End On High Tide Inc. (CVE:HITI)
Jul 25Does High Tide (CVE:HITI) Have A Healthy Balance Sheet?
Mar 31Is High Tide (CVE:HITI) A Risky Investment?
Nov 16High Tide (CVE:HITI) Is Making Moderate Use Of Debt
Apr 12Does High Tide (CVE:HITI) Have A Healthy Balance Sheet?
Jan 01Is High Tide (CVE:HITI) Weighed On By Its Debt Load?
Sep 17Financial Position Analysis
Short Term Liabilities: HITI's short term assets (CA$65.3M) exceed its short term liabilities (CA$57.8M).
Long Term Liabilities: HITI's short term assets (CA$65.3M) exceed its long term liabilities (CA$29.4M).
Debt to Equity History and Analysis
Debt Level: HITI's net debt to equity ratio (0.1%) is considered satisfactory.
Reducing Debt: HITI's debt to equity ratio has reduced from 41% to 20.7% 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 HITI has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: HITI is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 39.9% per year.