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 ratio | n/a |
Cash | US$4.76m |
Equity | US$13.12m |
Total liabilities | US$18.48m |
Total assets | US$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 17The Market Lifts Flora Growth Corp. (NASDAQ:FLGC) Shares 41% But It Can Do More
Dec 22Investors Give Flora Growth Corp. (NASDAQ:FLGC) Shares A 28% Hiding
Apr 17News Flash: Analysts Just Made A Meaningful Upgrade To Their Flora Growth Corp. (NASDAQ:FLGC) Forecasts
Dec 08Flora Growth gains on deal to acquire No Cap Hemp assets
Sep 07Elshad Garayev is the new finance chief of Flora Growth
Jul 11Flora Ready To Grow Like A Weed
Jan 03Flora Growth: Cheap Cannabis Appeal
Nov 03Flora Growth CEO Luis Merchan - Growing A Global Cannabis Brand (Video)
Aug 31Flora Growth bolsters leadership team with new hires
Jun 09Financial 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