good natured Products Balance Sheet Health
Financial Health criteria checks 2/6
good natured Products has a total shareholder equity of CA$9.1M and total debt of CA$33.7M, which brings its debt-to-equity ratio to 370.7%. Its total assets and total liabilities are CA$85.9M and CA$76.8M respectively.
Key information
370.7%
Debt to equity ratio
CA$33.75m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$1.36m |
| Equity | CA$9.10m |
| Total liabilities | CA$76.80m |
| Total assets | CA$85.90m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2VL's short term assets (CA$18.6M) do not cover its short term liabilities (CA$76.5M).
Long Term Liabilities: 2VL's short term assets (CA$18.6M) exceed its long term liabilities (CA$340.0K).
Debt to Equity History and Analysis
Debt Level: 2VL's net debt to equity ratio (355.8%) is considered high.
Reducing Debt: 2VL had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
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: 2VL has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: 2VL has less than a year of cash runway if free cash flow continues to reduce at historical rates of 14.5% each year