Better Choice Balance Sheet Health
Financial Health criteria checks 6/6
Better Choice has a total shareholder equity of $3.0M and total debt of $4.8M, which brings its debt-to-equity ratio to 160.6%. Its total assets and total liabilities are $16.7M and $13.8M respectively.
Key information
160.6%
Debt to equity ratio
US$4.78m
Debt
| Interest coverage ratio | n/a |
| Cash | US$4.46m |
| Equity | US$2.98m |
| Total liabilities | US$13.76m |
| Total assets | US$16.74m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: BTTR's short term assets ($16.2M) exceed its short term liabilities ($13.7M).
Long Term Liabilities: BTTR's short term assets ($16.2M) exceed its long term liabilities ($67.0K).
Debt to Equity History and Analysis
Debt Level: BTTR's net debt to equity ratio (11%) is considered satisfactory.
Reducing Debt: BTTR had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
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, even with free cash flow being positive and shrinking by 0.4% per year.