Christina Lake Cannabis Balance Sheet Health
Financial Health criteria checks 4/6
Christina Lake Cannabis has a total shareholder equity of CA$9.5M and total debt of CA$10.3M, which brings its debt-to-equity ratio to 107.7%. Its total assets and total liabilities are CA$21.3M and CA$11.7M respectively. Christina Lake Cannabis's EBIT is CA$853.2K making its interest coverage ratio 0.5. It has cash and short-term investments of CA$830.6K.
Key information
107.7%
Debt to equity ratio
CA$10.28m
Debt
| Interest coverage ratio | 0.5x |
| Cash | CA$830.63k |
| Equity | CA$9.55m |
| Total liabilities | CA$11.73m |
| Total assets | CA$21.27m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CLB's short term assets (CA$12.4M) exceed its short term liabilities (CA$3.8M).
Long Term Liabilities: CLB's short term assets (CA$12.4M) exceed its long term liabilities (CA$8.0M).
Debt to Equity History and Analysis
Debt Level: CLB's net debt to equity ratio (99%) is considered high.
Reducing Debt: CLB's debt to equity ratio has increased from 0% to 107.7% 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 sufficient cash runway for 2 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: CLB is forecast to have sufficient cash runway for 3 months based on free cash flow estimates, but has since raised additional capital.