Cannabix Technologies Balance Sheet Health
Financial Health criteria checks 6/6
Cannabix Technologies has a total shareholder equity of CA$5.3M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$5.4M and CA$107.0K respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
Interest coverage ratio | n/a |
Cash | CA$5.02m |
Equity | CA$5.29m |
Total liabilities | CA$107.02k |
Total assets | CA$5.39m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 8CT's short term assets (CA$5.1M) exceed its short term liabilities (CA$107.0K).
Long Term Liabilities: 8CT has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: 8CT is debt free.
Reducing Debt: 8CT has not had any debt for 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: 8CT has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: 8CT has sufficient cash runway for 2.5 years if free cash flow continues to reduce at historical rates of 3.4% each year.