High Tide Balance Sheet Health
Financial Health criteria checks 6/6
High Tide has a total shareholder equity of CA$147.6M and total debt of CA$28.0M, which brings its debt-to-equity ratio to 19%. Its total assets and total liabilities are CA$238.5M and CA$90.8M respectively. High Tide's EBIT is CA$12.7M making its interest coverage ratio 1.1. It has cash and short-term investments of CA$36.0M.
Key information
19.0%
Debt to equity ratio
CA$28.03m
Debt
| Interest coverage ratio | 1.1x |
| Cash | CA$35.97m |
| Equity | CA$147.64m |
| Total liabilities | CA$90.82m |
| Total assets | CA$238.46m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2LYA's short term assets (CA$75.7M) exceed its short term liabilities (CA$60.1M).
Long Term Liabilities: 2LYA's short term assets (CA$75.7M) exceed its long term liabilities (CA$30.7M).
Debt to Equity History and Analysis
Debt Level: 2LYA has more cash than its total debt.
Reducing Debt: 2LYA's debt to equity ratio has reduced from 98% to 19% 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: Whilst unprofitable 2LYA has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 2LYA is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 46.1% per year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/30 21:31 |
| End of Day Share Price | 2024/12/30 00:00 |
| Earnings | 2024/07/31 |
| Annual Earnings | 2023/10/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
High Tide Inc. is covered by 14 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| David Kideckel | ATB Capital Markets |
| Frederico Yokota Choucair Gomes | ATB Capital Markets |
| Doug Cooper | Beacon Securities Limited |