Edible Garden Balance Sheet Health
Financial Health criteria checks 2/6
Edible Garden has a total shareholder equity of $-288.0K and total debt of $4.4M, which brings its debt-to-equity ratio to -1537.2%. Its total assets and total liabilities are $6.7M and $6.9M respectively.
Key information
-1,537.2%
Debt to equity ratio
US$4.43m
Debt
Interest coverage ratio | n/a |
Cash | US$510.00k |
Equity | -US$288.00k |
Total liabilities | US$6.94m |
Total assets | US$6.66m |
Recent financial health updates
Recent updates
Edible Garden AG Incorporated (NASDAQ:EDBL) Might Not Be As Mispriced As It Looks After Plunging 29%
Mar 26A Piece Of The Puzzle Missing From Edible Garden AG Incorporated's (NASDAQ:EDBL) 27% Share Price Climb
Dec 22Analysts Have Been Trimming Their Edible Garden AG Incorporated (NASDAQ:EDBL) Price Target After Its Latest Report
Mar 25Financial Position Analysis
Short Term Liabilities: EDBL has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: EDBL 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: EDBL has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: EDBL'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: EDBL has sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: EDBL is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.