Better Choice Balance Sheet Health
Financial Health criteria checks 6/6
Better Choice has a total shareholder equity of $10.3M and total debt of $1.9M, which brings its debt-to-equity ratio to 18.9%. Its total assets and total liabilities are $17.2M and $6.9M respectively.
Key information
18.9%
Debt to equity ratio
US$1.94m
Debt
| Interest coverage ratio | n/a |
| Cash | US$4.74m |
| Equity | US$10.30m |
| Total liabilities | US$6.87m |
| Total assets | US$17.17m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BTTR's short term assets ($16.3M) exceed its short term liabilities ($6.9M).
Long Term Liabilities: BTTR's short term assets ($16.3M) exceed its long term liabilities ($21.0K).
Debt to Equity History and Analysis
Debt Level: BTTR has more cash than its total debt.
Reducing Debt: BTTR's debt to equity ratio has reduced from 226.8% to 18.9% 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: Whilst unprofitable BTTR has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: BTTR is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 12.9% per year.