TerrAscend Balance Sheet Health
Financial Health criteria checks 3/6
TerrAscend has a total shareholder equity of $207.1M and total debt of $198.9M, which brings its debt-to-equity ratio to 96%. Its total assets and total liabilities are $656.9M and $449.8M respectively. TerrAscend's EBIT is $33.6M making its interest coverage ratio 0.9. It has cash and short-term investments of $28.4M.
Key information
96.0%
Debt to equity ratio
US$198.88m
Debt
| Interest coverage ratio | 0.9x |
| Cash | US$28.39m |
| Equity | US$207.12m |
| Total liabilities | US$449.81m |
| Total assets | US$656.93m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TED's short term assets ($105.7M) exceed its short term liabilities ($78.5M).
Long Term Liabilities: TED's short term assets ($105.7M) do not cover its long term liabilities ($371.4M).
Debt to Equity History and Analysis
Debt Level: TED's net debt to equity ratio (82.3%) is considered high.
Reducing Debt: TED's debt to equity ratio has increased from 33.1% to 96% 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: Whilst unprofitable TED has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: TED is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 19.3% per year.