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 1322nd Century adds Creager as distribution partner for its VLN cigarettes in Colorado
Oct 03Financial 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.