CareRx Balance Sheet Health
Financial Health criteria checks 3/6
CareRx has a total shareholder equity of CA$80.1M and total debt of CA$52.7M, which brings its debt-to-equity ratio to 65.8%. Its total assets and total liabilities are CA$219.5M and CA$139.5M respectively. CareRx's EBIT is CA$8.5M making its interest coverage ratio 0.9. It has cash and short-term investments of CA$8.4M.
Key information
65.8%
Debt to equity ratio
CA$52.71m
Debt
| Interest coverage ratio | 0.9x |
| Cash | CA$8.45m |
| Equity | CA$80.05m |
| Total liabilities | CA$139.47m |
| Total assets | CA$219.52m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CHHH.F's short term assets (CA$58.2M) do not cover its short term liabilities (CA$61.8M).
Long Term Liabilities: CHHH.F's short term assets (CA$58.2M) do not cover its long term liabilities (CA$77.7M).
Debt to Equity History and Analysis
Debt Level: CHHH.F's net debt to equity ratio (55.3%) is considered high.
Reducing Debt: CHHH.F had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
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 CHHH.F has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: CHHH.F is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 49.7% per year.