Tikun Olam-Cannbit Pharmaceuticals Balance Sheet Health
Financial Health criteria checks 3/6
Tikun Olam-Cannbit Pharmaceuticals has a total shareholder equity of ₪5.9M and total debt of ₪12.8M, which brings its debt-to-equity ratio to 215.1%. Its total assets and total liabilities are ₪42.7M and ₪36.8M respectively.
Key information
215.1%
Debt to equity ratio
₪12.79m
Debt
| Interest coverage ratio | n/a |
| Cash | ₪4.18m |
| Equity | ₪5.94m |
| Total liabilities | ₪36.77m |
| Total assets | ₪42.71m |
Recent financial health updates
Health Check: How Prudently Does Tikun Olam-Cannbit Pharmaceuticals (TLV:TKUN) Use Debt?
Oct 23
Tikun Olam-Cannbit Pharmaceuticals (TLV:TKUN) Has Debt But No Earnings; Should You Worry?
Jun 21Would Tikun Olam-Cannbit Pharmaceuticals (TLV:TKUN) Be Better Off With Less Debt?
Oct 03Is Tikun Olam-Cannbit Pharmaceuticals (TLV:TKUN) Weighed On By Its Debt Load?
Jun 03Tikun Olam-Cannbit Pharmaceuticals (TLV:TKUN) Is Carrying A Fair Bit Of Debt
Oct 17Is Tikun Olam - Cannbit Pharmaceuticals (TLV:TKUN) Using Debt Sensibly?
May 19Recent updates
Health Check: How Prudently Does Tikun Olam-Cannbit Pharmaceuticals (TLV:TKUN) Use Debt?
Oct 23Tikun Olam-Cannbit Pharmaceuticals (TLV:TKUN) Has Debt But No Earnings; Should You Worry?
Jun 21Tikun Olam-Cannbit Pharmaceuticals Ltd (TLV:TKUN) Stocks Shoot Up 27% But Its P/S Still Looks Reasonable
Apr 28Risks To Shareholder Returns Are Elevated At These Prices For Tikun Olam-Cannbit Pharmaceuticals Ltd (TLV:TKUN)
Jul 21Would Tikun Olam-Cannbit Pharmaceuticals (TLV:TKUN) Be Better Off With Less Debt?
Oct 03Is Tikun Olam-Cannbit Pharmaceuticals (TLV:TKUN) Weighed On By Its Debt Load?
Jun 03Tikun Olam-Cannbit Pharmaceuticals (TLV:TKUN) Is Carrying A Fair Bit Of Debt
Oct 17Is Tikun Olam - Cannbit Pharmaceuticals (TLV:TKUN) Using Debt Sensibly?
May 19Shareholders Of Tikun Olam - Cannbit Pharmaceuticals (TLV:TKUN) Must Be Happy With Their 135% Total Return
Mar 19How Much Did Tikun Olam - Cannbit Pharmaceuticals'(TLV:TKUN) Shareholders Earn From Share Price Movements Over The Last Five Years?
Dec 02
Financial Position Analysis
Short Term Liabilities: TKUN's short term assets (₪15.4M) do not cover its short term liabilities (₪25.7M).
Long Term Liabilities: TKUN's short term assets (₪15.4M) exceed its long term liabilities (₪11.1M).
Debt to Equity History and Analysis
Debt Level: TKUN's net debt to equity ratio (144.9%) is considered high.
Reducing Debt: TKUN's debt to equity ratio has increased from 8.8% to 215.1% 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 TKUN has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: TKUN is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 5% per year.