CareRx Balance Sheet Health
Financial Health criteria checks 4/6
CareRx has a total shareholder equity of CA$81.5M and total debt of CA$66.4M, which brings its debt-to-equity ratio to 81.4%. Its total assets and total liabilities are CA$228.0M and CA$146.5M respectively. CareRx's EBIT is CA$7.6M making its interest coverage ratio 0.6. It has cash and short-term investments of CA$11.4M.
Key information
81.4%
Debt to equity ratio
CA$66.36m
Debt
| Interest coverage ratio | 0.6x |
| Cash | CA$11.37m |
| Equity | CA$81.50m |
| Total liabilities | CA$146.53m |
| Total assets | CA$228.03m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CHHH.F's short term assets (CA$65.0M) exceed its short term liabilities (CA$61.7M).
Long Term Liabilities: CHHH.F's short term assets (CA$65.0M) do not cover its long term liabilities (CA$84.8M).
Debt to Equity History and Analysis
Debt Level: CHHH.F's net debt to equity ratio (67.5%) 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 36.3% per year.