Canopy Growth Balance Sheet Health
Financial Health criteria checks 3/6
Canopy Growth has a total shareholder equity of CA$544.7M and total debt of CA$612.1M, which brings its debt-to-equity ratio to 112.4%. Its total assets and total liabilities are CA$1.4B and CA$815.1M respectively.
Key information
112.4%
Debt to equity ratio
CA$612.07m
Debt
Interest coverage ratio | n/a |
Cash | CA$188.38m |
Equity | CA$544.66m |
Total liabilities | CA$815.09m |
Total assets | CA$1.36b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 11L's short term assets (CA$397.3M) exceed its short term liabilities (CA$221.3M).
Long Term Liabilities: 11L's short term assets (CA$397.3M) do not cover its long term liabilities (CA$593.7M).
Debt to Equity History and Analysis
Debt Level: 11L's net debt to equity ratio (77.8%) is considered high.
Reducing Debt: 11L's debt to equity ratio has increased from 9.7% to 112.4% 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: 11L has sufficient cash runway for 6 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: 11L is forecast to have sufficient cash runway for 10 months based on free cash flow estimates, but has since raised additional capital.