Green Rise Foods Balance Sheet Health
Financial Health criteria checks 3/6
Green Rise Foods has a total shareholder equity of CA$5.7M and total debt of CA$45.2M, which brings its debt-to-equity ratio to 791.3%. Its total assets and total liabilities are CA$55.2M and CA$49.5M respectively.
Key information
791.3%
Debt to equity ratio
CA$45.21m
Debt
| Interest coverage ratio | 0.7x |
| Cash | n/a |
| Equity | CA$5.71m |
| Total liabilities | CA$49.48m |
| Total assets | CA$55.20m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 6VN's short term assets (CA$6.6M) do not cover its short term liabilities (CA$45.6M).
Long Term Liabilities: 6VN's short term assets (CA$6.6M) exceed its long term liabilities (CA$3.9M).
Debt to Equity History and Analysis
Debt Level: 6VN's net debt to equity ratio (791.3%) is considered high.
Reducing Debt: 6VN's debt to equity ratio has increased from 217.8% to 791.3% 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 6VN has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 6VN is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 8.6% per year.