Tikun Olam-Cannbit Pharmaceuticals Balance Sheet Health
Financial Health criteria checks 4/6
Tikun Olam-Cannbit Pharmaceuticals has a total shareholder equity of ₪33.0M and total debt of ₪14.0M, which brings its debt-to-equity ratio to 42.3%. Its total assets and total liabilities are ₪76.6M and ₪43.5M respectively.
Key information
42.3%
Debt to equity ratio
₪13.99m
Debt
| Interest coverage ratio | n/a |
| Cash | ₪6.64m |
| Equity | ₪33.04m |
| Total liabilities | ₪43.53m |
| Total assets | ₪76.57m |
Recent financial health updates
Would Tikun Olam-Cannbit Pharmaceuticals (TLV:TKUN) Be Better Off With Less Debt?
Oct 03
Is 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
Risks 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 (₪24.1M) do not cover its short term liabilities (₪28.3M).
Long Term Liabilities: TKUN's short term assets (₪24.1M) exceed its long term liabilities (₪15.2M).
Debt to Equity History and Analysis
Debt Level: TKUN's net debt to equity ratio (22.2%) is considered satisfactory.
Reducing Debt: TKUN's debt to equity ratio has reduced from 3950% to 42.3% 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: TKUN has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: TKUN has less than a year of cash runway if free cash flow continues to reduce at historical rates of 10.6% each year