22nd Century Group Balance Sheet Health
Financial Health criteria checks 4/6
22nd Century Group has a total shareholder equity of $3.5M and total debt of $7.6M, which brings its debt-to-equity ratio to 218.8%. Its total assets and total liabilities are $26.2M and $22.7M respectively.
Key information
218.8%
Debt to equity ratio
US$7.60m
Debt
| Interest coverage ratio | n/a |
| Cash | US$5.34m |
| Equity | US$3.47m |
| Total liabilities | US$22.71m |
| Total assets | US$26.18m |
Recent financial health updates
Recent updates
Market Participants Recognise 22nd Century Group, Inc.'s (NASDAQ:XXII) Revenues Pushing Shares 1,233% Higher
Apr 02
Time To Worry? Analysts Just Downgraded Their 22nd Century Group, Inc. (NASDAQ:XXII) Outlook
Aug 20With 22nd Century Group, Inc. (NASDAQ:XXII) It Looks Like You'll Get What You Pay For
Jun 14Does 22nd Century Group (NASDAQ:XXII) Have A Healthy Balance Sheet?
Jan 13Financial Position Analysis
Short Term Liabilities: XXII's short term assets ($15.8M) exceed its short term liabilities ($14.4M).
Long Term Liabilities: XXII's short term assets ($15.8M) exceed its long term liabilities ($8.3M).
Debt to Equity History and Analysis
Debt Level: XXII's net debt to equity ratio (65%) is considered high.
Reducing Debt: XXII's debt to equity ratio has increased from 2.1% to 218.8% 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: XXII has sufficient cash runway for 4 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 3 months based on free cash flow estimates, but has since raised additional capital.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/27 23:26 |
| End of Day Share Price | 2024/12/27 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
22nd Century Group, Inc. is covered by 7 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Aaron Grey | Alliance Global Partners |
| James McIlree | Bradley Woods & Co. Ltd. |
| James McIlree | Chardan Capital Markets, LLC |