Adastra Holdings Balance Sheet Health
Financial Health criteria checks 4/6
Adastra Holdings has a total shareholder equity of CA$13.5M and total debt of CA$3.6M, which brings its debt-to-equity ratio to 26.4%. Its total assets and total liabilities are CA$33.4M and CA$19.9M respectively.
Key information
26.4%
Debt to equity ratio
CA$3.56m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$1.16m |
| Equity | CA$13.46m |
| Total liabilities | CA$19.90m |
| Total assets | CA$33.36m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: D2E0's short term assets (CA$12.2M) do not cover its short term liabilities (CA$19.2M).
Long Term Liabilities: D2E0's short term assets (CA$12.2M) exceed its long term liabilities (CA$731.9K).
Debt to Equity History and Analysis
Debt Level: D2E0's net debt to equity ratio (17.8%) is considered satisfactory.
Reducing Debt: D2E0's debt to equity ratio has reduced from 72% to 26.4% 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: D2E0 has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: D2E0 has less than a year of cash runway if free cash flow continues to grow at historical rates of 59.1% each year.