Edible Garden AG Incorporated

NasdaqCM:EDBL Stock Report

Market Cap: US$1.3m

Edible Garden Balance Sheet Health

Financial Health criteria checks 3/6

Edible Garden has a total shareholder equity of $511.0K and total debt of $5.7M, which brings its debt-to-equity ratio to 1106.3%. Its total assets and total liabilities are $9.9M and $9.4M respectively.

Key information

1,106.3%

Debt to equity ratio

US$5.65m

Debt

Interest coverage ration/a
CashUS$2.19m
EquityUS$511.00k
Total liabilitiesUS$9.37m
Total assetsUS$9.88m

Recent financial health updates

Recent updates

Edible Garden AG Incorporated (NASDAQ:EDBL) Might Not Be As Mispriced As It Looks After Plunging 26%

Sep 21
Edible Garden AG Incorporated (NASDAQ:EDBL) Might Not Be As Mispriced As It Looks After Plunging 26%

Positive Sentiment Still Eludes Edible Garden AG Incorporated (NASDAQ:EDBL) Following 66% Share Price Slump

Jun 01
Positive Sentiment Still Eludes Edible Garden AG Incorporated (NASDAQ:EDBL) Following 66% Share Price Slump

Edible Garden AG Incorporated (NASDAQ:EDBL) Might Not Be As Mispriced As It Looks After Plunging 29%

Mar 26
Edible Garden AG Incorporated (NASDAQ:EDBL) Might Not Be As Mispriced As It Looks After Plunging 29%

A Piece Of The Puzzle Missing From Edible Garden AG Incorporated's (NASDAQ:EDBL) 27% Share Price Climb

Dec 22
A Piece Of The Puzzle Missing From Edible Garden AG Incorporated's (NASDAQ:EDBL) 27% Share Price Climb

Analysts Have Been Trimming Their Edible Garden AG Incorporated (NASDAQ:EDBL) Price Target After Its Latest Report

Mar 25
Analysts Have Been Trimming Their Edible Garden AG Incorporated (NASDAQ:EDBL) Price Target After Its Latest Report

Financial Position Analysis

Short Term Liabilities: EDBL's short term assets ($6.3M) do not cover its short term liabilities ($8.6M).

Long Term Liabilities: EDBL's short term assets ($6.3M) exceed its long term liabilities ($752.0K).


Debt to Equity History and Analysis

Debt Level: EDBL's net debt to equity ratio (678.1%) is considered high.

Reducing Debt: Insufficient data to determine if EDBL's debt to equity ratio has reduced 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: EDBL has sufficient cash runway for 3 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 3 months based on free cash flow estimates, but has since raised additional capital.


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