Heritage Cannabis Holdings Balance Sheet Health
Financial Health criteria checks 5/6
Heritage Cannabis Holdings has a total shareholder equity of CA$20.9M and total debt of CA$7.3M, which brings its debt-to-equity ratio to 35.1%. Its total assets and total liabilities are CA$55.9M and CA$35.0M respectively.
Key information
35.1%
Debt to equity ratio
CA$7.31m
Debt
Interest coverage ratio | n/a |
Cash | CA$4.82m |
Equity | CA$20.85m |
Total liabilities | CA$35.00m |
Total assets | CA$55.85m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2UE's short term assets (CA$32.2M) exceed its short term liabilities (CA$25.1M).
Long Term Liabilities: 2UE's short term assets (CA$32.2M) exceed its long term liabilities (CA$9.9M).
Debt to Equity History and Analysis
Debt Level: 2UE's net debt to equity ratio (11.9%) is considered satisfactory.
Reducing Debt: 2UE's debt to equity ratio has increased from 0% to 35.1% 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: 2UE has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: 2UE has sufficient cash runway for 2.1 years if free cash flow continues to grow at historical rates of 6.1% each year.