Medicure Balance Sheet Health
Financial Health criteria checks 6/6
Medicure has a total shareholder equity of CA$19.5M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$28.2M and CA$8.7M respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | n/a |
| Cash | CA$5.85m |
| Equity | CA$19.54m |
| Total liabilities | CA$8.70m |
| Total assets | CA$28.24m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NGQ1's short term assets (CA$15.9M) exceed its short term liabilities (CA$8.5M).
Long Term Liabilities: NGQ1's short term assets (CA$15.9M) exceed its long term liabilities (CA$187.0K).
Debt to Equity History and Analysis
Debt Level: NGQ1 is debt free.
Reducing Debt: NGQ1 had no debt 5 years ago.
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 NGQ1 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: NGQ1 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 28.4% per year.