Cannara Biotech Balance Sheet Health
Financial Health criteria checks 1/6
Cannara Biotech has a total shareholder equity of CA$79.3M and total debt of CA$48.7M, which brings its debt-to-equity ratio to 61.4%. Its total assets and total liabilities are CA$145.8M and CA$66.5M respectively. Cannara Biotech's EBIT is CA$11.5M making its interest coverage ratio 2.5. It has cash and short-term investments of CA$3.1M.
Key information
61.4%
Debt to equity ratio
CA$48.68m
Debt
Interest coverage ratio | 2.5x |
Cash | CA$3.13m |
Equity | CA$79.34m |
Total liabilities | CA$66.48m |
Total assets | CA$145.82m |
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
Cannara Biotech Inc.'s (CVE:LOVE) Prospects Need A Boost To Lift Shares
May 09Here'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$58.2M) do not cover its short term liabilities (CA$60.1M).
Long Term Liabilities: LOVE's short term assets (CA$58.2M) exceed its long term liabilities (CA$6.4M).
Debt to Equity History and Analysis
Debt Level: LOVE's net debt to equity ratio (57.4%) is considered high.
Reducing Debt: LOVE's debt to equity ratio has increased from 38.9% to 61.4% over the past 5 years.
Debt Coverage: LOVE's debt is not well covered by operating cash flow (16.6%).
Interest Coverage: LOVE's interest payments on its debt are not well covered by EBIT (2.5x coverage).