Canopy Growth Balance Sheet Health
Financial Health criteria checks 3/6
Canopy Growth has a total shareholder equity of CA$544.7M and total debt of CA$612.1M, which brings its debt-to-equity ratio to 112.4%. Its total assets and total liabilities are CA$1.4B and CA$815.1M respectively.
Key information
112.4%
Debt to equity ratio
CA$612.07m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$188.38m |
| Equity | CA$544.66m |
| Total liabilities | CA$815.09m |
| Total assets | CA$1.36b |
Recent financial health updates
Recent updates
Canopy Growth Is Climbing, But It Won't Last
Mar 22Canopy Growth: Reiterate Strong Sell, Dilutive Offering Likely First Of Many To Come
Feb 06Canopy Growth: Further Implosion Is Now A Matter Of When Not If
Jan 29Avoid Canopy Growth After Failed Equity Sale
Jan 14Canopy Growth (Nasdaq:CGC): Further Dilution Seems Inevitable
Oct 13
Canopy Growth: Getting High
Oct 07Quick Takes: Tesla, Twitter, Carvana & More
Oct 06
Canopy Growth to sell Canadian retail operations, including Tokyo Smoke stores
Sep 27Canopy Growth: BioSteel Sizzles, Everything Else Fizzles
Aug 30What Is Canopy Growth's Stock Outlook After Earnings Miss?
Aug 23Canopy Growth leads cannabis rally as Senator backs compromise legislation
Aug 08Canopy gains 12% to lead Canadian cannabis rally as former Aphria legal chief joins
Aug 02Canopy Growth: Constellation's Investment Goes Up In Smoke
Jul 18Canopy Growth: Bankruptcy Risks Are Growing Like A Weed
Jun 28Canopy Growth: Still Not At Rock Bottom
May 27Can Canopy Growth's Stock Price Recover To $10?
May 04Canopy Growth: Can Wana Save The Day?
Mar 24Canopy Growth: Insight Into Upcoming Q3-2022 Earnings
Feb 08Canopy Growth: 5 Lessons From The Pot Bubble Burst
Dec 27Tilray Vs. Canopy Growth: Which Cannabis Stock Is The Better Buy?
Nov 16Is Canopy Growth Stock A Buy Or Sell Now? Why I'm Getting Bullish
Oct 25Canopy Growth: Cracking The Piggy Bank Again
Oct 15Why Canopy Growth At $18 Is A Great Investment Opportunity
Sep 22Financial Position Analysis
Short Term Liabilities: CGC's short term assets (CA$397.3M) exceed its short term liabilities (CA$221.3M).
Long Term Liabilities: CGC's short term assets (CA$397.3M) do not cover its long term liabilities (CA$593.7M).
Debt to Equity History and Analysis
Debt Level: CGC's net debt to equity ratio (77.8%) is considered high.
Reducing Debt: CGC's debt to equity ratio has increased from 9.7% to 112.4% 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: CGC has sufficient cash runway for 6 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: CGC is forecast to have sufficient cash runway for 10 months based on free cash flow estimates, but has since raised additional capital.