Happy Belly Food Group Balance Sheet Health
Financial Health criteria checks 3/6
Happy Belly Food Group has a total shareholder equity of CA$383.3K and total debt of CA$3.6M, which brings its debt-to-equity ratio to 943.4%. Its total assets and total liabilities are CA$7.6M and CA$7.2M respectively.
Key information
943.4%
Debt to equity ratio
CA$3.62m
Debt
Interest coverage ratio | n/a |
Cash | CA$2.49m |
Equity | CA$383.34k |
Total liabilities | CA$7.18m |
Total assets | CA$7.56m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: W3J's short term assets (CA$3.3M) exceed its short term liabilities (CA$2.2M).
Long Term Liabilities: W3J's short term assets (CA$3.3M) do not cover its long term liabilities (CA$5.0M).
Debt to Equity History and Analysis
Debt Level: W3J's net debt to equity ratio (293.1%) is considered high.
Reducing Debt: W3J's debt to equity ratio has increased from 0% to 943.4% 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: W3J has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: W3J has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 3.8% each year