Canaan Balance Sheet Health
Financial Health criteria checks 5/6
Canaan has a total shareholder equity of $315.8M and total debt of $24.0M, which brings its debt-to-equity ratio to 7.6%. Its total assets and total liabilities are $502.1M and $186.3M respectively.
Key information
7.6%
Debt to equity ratio
US$23.96m
Debt
| Interest coverage ratio | n/a |
| Cash | US$71.78m |
| Equity | US$315.81m |
| Total liabilities | US$186.33m |
| Total assets | US$502.14m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CAN N's short term assets ($307.5M) exceed its short term liabilities ($151.2M).
Long Term Liabilities: CAN N's short term assets ($307.5M) exceed its long term liabilities ($35.1M).
Debt to Equity History and Analysis
Debt Level: CAN N has more cash than its total debt.
Reducing Debt: CAN N's debt to equity ratio has reduced from 27.4% to 7.6% 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: CAN N has sufficient cash runway for 5 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: Insufficient data to determine if CAN N has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.