Christina Lake Cannabis Balance Sheet Health
Financial Health criteria checks 1/6
Christina Lake Cannabis has a total shareholder equity of CA$5.3M and total debt of CA$10.3M, which brings its debt-to-equity ratio to 195.3%. Its total assets and total liabilities are CA$16.9M and CA$11.6M respectively.
Key information
195.3%
Debt to equity ratio
CA$10.32m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$1.43m |
| Equity | CA$5.28m |
| Total liabilities | CA$11.62m |
| Total assets | CA$16.90m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CLB's short term assets (CA$7.7M) exceed its short term liabilities (CA$2.8M).
Long Term Liabilities: CLB's short term assets (CA$7.7M) do not cover its long term liabilities (CA$8.8M).
Debt to Equity History and Analysis
Debt Level: CLB's net debt to equity ratio (168.3%) is considered high.
Reducing Debt: CLB's debt to equity ratio has increased from 0% to 195.3% 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: CLB has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: CLB has less than a year of cash runway if free cash flow continues to grow at historical rates of 9.7% each year.