Flora Growth Balance Sheet Health

Financial Health criteria checks 3/6

Flora Growth has a total shareholder equity of $13.1M and total debt of $1.1M, which brings its debt-to-equity ratio to 8.5%. Its total assets and total liabilities are $31.6M and $18.5M respectively.

Key information

8.5%

Debt to equity ratio

US$1.12m

Debt

Interest coverage ration/a
CashUS$4.76m
EquityUS$13.12m
Total liabilitiesUS$18.48m
Total assetsUS$31.60m

Recent financial health updates

Recent updates

Investors Don't See Light At End Of Flora Growth Corp.'s (NASDAQ:FLGC) Tunnel And Push Stock Down 51%

Feb 17
Investors Don't See Light At End Of Flora Growth Corp.'s (NASDAQ:FLGC) Tunnel And Push Stock Down 51%

The Market Lifts Flora Growth Corp. (NASDAQ:FLGC) Shares 41% But It Can Do More

Dec 22
The Market Lifts Flora Growth Corp. (NASDAQ:FLGC) Shares 41% But It Can Do More

Investors Give Flora Growth Corp. (NASDAQ:FLGC) Shares A 28% Hiding

Apr 17
Investors Give Flora Growth Corp. (NASDAQ:FLGC) Shares A 28% Hiding

News Flash: Analysts Just Made A Meaningful Upgrade To Their Flora Growth Corp. (NASDAQ:FLGC) Forecasts

Dec 08
News Flash: Analysts Just Made A Meaningful Upgrade To Their Flora Growth Corp. (NASDAQ:FLGC) Forecasts

Flora Growth gains on deal to acquire No Cap Hemp assets

Sep 07

Elshad Garayev is the new finance chief of Flora Growth

Jul 11

Flora Ready To Grow Like A Weed

Jan 03

Flora Growth: Cheap Cannabis Appeal

Nov 03

Flora Growth CEO Luis Merchan - Growing A Global Cannabis Brand (Video)

Aug 31

Flora Growth bolsters leadership team with new hires

Jun 09

Financial Position Analysis

Short Term Liabilities: FLGC's short term assets ($23.9M) exceed its short term liabilities ($16.6M).

Long Term Liabilities: FLGC's short term assets ($23.9M) exceed its long term liabilities ($1.9M).


Debt to Equity History and Analysis

Debt Level: FLGC has more cash than its total debt.

Reducing Debt: Insufficient data to determine if FLGC's debt to equity ratio has reduced 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: FLGC has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: FLGC has less than a year of cash runway if free cash flow continues to reduce at historical rates of 21.9% each year


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