22nd Century Group Balance Sheet Health
Financial Health criteria checks 2/6
22nd Century Group has a total shareholder equity of $-8.4M and total debt of $14.4M, which brings its debt-to-equity ratio to -171.8%. Its total assets and total liabilities are $27.5M and $35.9M respectively.
Key information
-171.8%
Debt to equity ratio
US$14.45m
Debt
| Interest coverage ratio | n/a |
| Cash | US$2.06m |
| Equity | -US$8.41m |
| Total liabilities | US$35.91m |
| Total assets | US$27.50m |
Recent financial health updates
Does 22nd Century Group (NASDAQ:XXII) Have A Healthy Balance Sheet?
Jan 13
22nd Century Group (NASDAQ:XXII) Has Debt But No Earnings; Should You Worry?
Sep 02Recent updates
Market Participants Recognise 22nd Century Group, Inc.'s (NASDAQ:XXII) Revenues Pushing Shares 1,233% Higher
Apr 02Time 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 1322nd Century adds Creager as distribution partner for its VLN cigarettes in Colorado
Oct 0322nd Century Group to expand sales of VLN tobacco cigarettes
Sep 0722nd Century Group (NASDAQ:XXII) Has Debt But No Earnings; Should You Worry?
Sep 0222nd Century GAAP EPS of -$0.06 in-line, revenue of $14.5M beats by $3.21M
Aug 0922nd Century Group launches $35M securities offering
Jul 21Will 22nd Century Group (NASDAQ:XXII) Spend Its Cash Wisely?
May 1022nd Century Group: Record Revenues On VLN Cigarettes And Cannabis IP
May 09Financial 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 0 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 0 months based on free cash flow estimates, but has since raised additional capital.