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.