TransCanna Holdings Balance Sheet Health
Financial Health criteria checks 1/6
TransCanna Holdings has a total shareholder equity of CA$2.1M and total debt of CA$26.2M, which brings its debt-to-equity ratio to 1273%. Its total assets and total liabilities are CA$32.5M and CA$30.4M respectively.
Key information
1,273.0%
Debt to equity ratio
CA$26.25m
Debt
Interest coverage ratio | n/a |
Cash | CA$7.96m |
Equity | CA$2.06m |
Total liabilities | CA$30.44m |
Total assets | CA$32.51m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TH8's short term assets (CA$9.1M) exceed its short term liabilities (CA$8.0M).
Long Term Liabilities: TH8's short term assets (CA$9.1M) do not cover its long term liabilities (CA$22.4M).
Debt to Equity History and Analysis
Debt Level: TH8's net debt to equity ratio (887%) is considered high.
Reducing Debt: Insufficient data to determine if TH8's debt to equity ratio has reduced 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: Insufficient data to determine if TH8 has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if TH8 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.