Burcon NutraScience Balance Sheet Health
Financial Health criteria checks 4/6
Burcon NutraScience has a total shareholder equity of CA$2.8M and total debt of CA$5.3M, which brings its debt-to-equity ratio to 189.7%. Its total assets and total liabilities are CA$8.7M and CA$6.0M respectively.
Key information
189.7%
Debt to equity ratio
CA$5.29m
Debt
Interest coverage ratio | n/a |
Cash | CA$675.38k |
Equity | CA$2.79m |
Total liabilities | CA$5.95m |
Total assets | CA$8.74m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BNE's short term assets (CA$1.1M) exceed its short term liabilities (CA$666.5K).
Long Term Liabilities: BNE's short term assets (CA$1.1M) do not cover its long term liabilities (CA$5.3M).
Debt to Equity History and Analysis
Debt Level: BNE's net debt to equity ratio (165.4%) is considered high.
Reducing Debt: BNE 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: BNE has sufficient cash runway for 2 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: BNE is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.