Cannara Biotech Balance Sheet Health
Financial Health criteria checks 3/6
Cannara Biotech has a total shareholder equity of CA$81.9M and total debt of CA$47.9M, which brings its debt-to-equity ratio to 58.5%. Its total assets and total liabilities are CA$144.8M and CA$63.0M respectively. Cannara Biotech's EBIT is CA$14.0M making its interest coverage ratio 3.2. It has cash and short-term investments of CA$2.6M.
Key information
58.5%
Debt to equity ratio
CA$47.88m
Debt
Interest coverage ratio | 3.2x |
Cash | CA$2.64m |
Equity | CA$81.86m |
Total liabilities | CA$62.96m |
Total assets | CA$144.82m |
Recent financial health updates
Is Cannara Biotech (CVE:LOVE) A Risky Investment?
Jul 29Here's Why Cannara Biotech (CVE:LOVE) Has A Meaningful Debt Burden
Jan 26Cannara Biotech (CVE:LOVE) Has A Somewhat Strained Balance Sheet
Dec 10Here's Why Cannara Biotech (CSE:LOVE) Can Afford Some Debt
Mar 16Recent updates
Here's Why We Think Cannara Biotech (CVE:LOVE) Might Deserve Your Attention Today
Feb 28Investor Optimism Abounds Cannara Biotech Inc. (CVE:LOVE) But Growth Is Lacking
Jan 24Cannara Biotech's (CVE:LOVE) Earnings May Just Be The Starting Point
Dec 18Is Cannara Biotech (CVE:LOVE) A Risky Investment?
Jul 29Cannara Biotech Inc.'s (CVE:LOVE) Business Is Yet to Catch Up With Its Share Price
Apr 10Here's Why Cannara Biotech (CVE:LOVE) Has A Meaningful Debt Burden
Jan 26Cannara Biotech's (CVE:LOVE) Earnings Aren't As Good As They Appear
Jan 27Cannara Biotech (CVE:LOVE) Has A Somewhat Strained Balance Sheet
Dec 10Here's Why Cannara Biotech (CSE:LOVE) Can Afford Some Debt
Mar 16Can You Imagine How Cannara Biotech's (CSE:LOVE) Shareholders Feel About The -6.5% Share Price Increase?
Jan 22Have Insiders Been Buying Cannara Biotech Inc. (CSE:LOVE) Shares?
Dec 18Financial Position Analysis
Short Term Liabilities: LOVE's short term assets (CA$52.8M) exceed its short term liabilities (CA$22.3M).
Long Term Liabilities: LOVE's short term assets (CA$52.8M) exceed its long term liabilities (CA$40.7M).
Debt to Equity History and Analysis
Debt Level: LOVE's net debt to equity ratio (55.3%) is considered high.
Reducing Debt: LOVE's debt to equity ratio has increased from 53.2% to 58.5% over the past 5 years.
Debt Coverage: LOVE's debt is not well covered by operating cash flow (12.8%).
Interest Coverage: LOVE's interest payments on its debt are well covered by EBIT (3.2x coverage).