22nd Century Group, Inc.

NasdaqCM:XXII Stock Report

Market Cap: US$4.5m

22nd Century Group Balance Sheet Health

Financial Health criteria checks 2/6

22nd Century Group has a total shareholder equity of $-955.0K and total debt of $8.4M, which brings its debt-to-equity ratio to -882%. Its total assets and total liabilities are $24.1M and $25.0M respectively.

Key information

-882.0%

Debt to equity ratio

US$8.42m

Debt

Interest coverage ration/a
CashUS$1.28m
Equity-US$955.00k
Total liabilitiesUS$25.04m
Total assetsUS$24.09m

Recent financial health updates

Recent updates

Market Participants Recognise 22nd Century Group, Inc.'s (NASDAQ:XXII) Revenues Pushing Shares 1,233% Higher

Apr 02
Market Participants Recognise 22nd Century Group, Inc.'s (NASDAQ:XXII) Revenues Pushing Shares 1,233% Higher

Time To Worry? Analysts Just Downgraded Their 22nd Century Group, Inc. (NASDAQ:XXII) Outlook

Aug 20
Time To Worry? Analysts Just Downgraded Their 22nd Century Group, Inc. (NASDAQ:XXII) Outlook

With 22nd Century Group, Inc. (NASDAQ:XXII) It Looks Like You'll Get What You Pay For

Jun 14
With 22nd Century Group, Inc. (NASDAQ:XXII) It Looks Like You'll Get What You Pay For

Does 22nd Century Group (NASDAQ:XXII) Have A Healthy Balance Sheet?

Jan 13
Does 22nd Century Group (NASDAQ:XXII) Have A Healthy Balance Sheet?

22nd Century adds Creager as distribution partner for its VLN cigarettes in Colorado

Oct 03

Financial Position Analysis

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

Long Term Liabilities: XXII 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: XXII has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: XXII'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: XXII has sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: XXII is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.


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