Avicanna Balance Sheet Health
Financial Health criteria checks 5/6
Avicanna has a total shareholder equity of CA$9.2M and total debt of CA$84.9K, which brings its debt-to-equity ratio to 0.9%. Its total assets and total liabilities are CA$20.5M and CA$11.3M respectively.
Key information
0.9%
Debt to equity ratio
CA$84.92k
Debt
| Interest coverage ratio | n/a |
| Cash | CA$812.07k |
| Equity | CA$9.19m |
| Total liabilities | CA$11.28m |
| Total assets | CA$20.47m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 0NN's short term assets (CA$8.0M) do not cover its short term liabilities (CA$9.7M).
Long Term Liabilities: 0NN's short term assets (CA$8.0M) exceed its long term liabilities (CA$1.6M).
Debt to Equity History and Analysis
Debt Level: 0NN has more cash than its total debt.
Reducing Debt: 0NN's debt to equity ratio has reduced from 9.4% to 0.9% 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: 0NN has sufficient cash runway for 3 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: 0NN is forecast to have sufficient cash runway for 2 months based on free cash flow estimates, but has since raised additional capital.