Goodfood Market Corp.

OTCPK:GDDF.F Stock Report

Market Cap: US$21.5m

Goodfood Market Balance Sheet Health

Financial Health criteria checks 2/6

Goodfood Market has a total shareholder equity of CA$-23.1M and total debt of CA$45.8M, which brings its debt-to-equity ratio to -198.2%. Its total assets and total liabilities are CA$54.1M and CA$77.2M respectively. Goodfood Market's EBIT is CA$1.5M making its interest coverage ratio 0.3. It has cash and short-term investments of CA$26.2M.

Key information

-198.2%

Debt to equity ratio

CA$45.83m

Debt

Interest coverage ratio0.3x
CashCA$26.20m
Equity-CA$23.13m
Total liabilitiesCA$77.24m
Total assetsCA$54.11m

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: GDDF.F has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: GDDF.F has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: GDDF.F has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: GDDF.F's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


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 GDDF.F has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: GDDF.F is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 24% per year.


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