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HEXO Balance Sheet Health

Financial Health criteria checks 2/6

HEXO has a total shareholder equity of CA$142.7M and total debt of CA$178.0M, which brings its debt-to-equity ratio to 124.7%. Its total assets and total liabilities are CA$396.7M and CA$253.9M respectively.

Key information

124.7%

Debt to equity ratio

CA$178.02m

Debt

Interest coverage ration/a
CashCA$20.00m
EquityCA$142.73m
Total liabilitiesCA$253.95m
Total assetsCA$396.68m

Recent financial health updates

Recent updates

Hexo to produce Mike Tyson's cannabis brand's products in Canada

Aug 30

Canopy Growth, Tilray other Canadian cannabis names up amid WallStreetBets chatter

Aug 17

HEXO receives additional 180 calendar day grace period for regaining compliance

Jul 28

HEXO wins shareholder approval for note transaction with Tilray

Jul 05

HEXO: Undervalued, But With Certain Dilution Risks

Apr 28

HEXO Q1 Earnings: Not A Great Path Forward

Dec 14

Financial Position Analysis

Short Term Liabilities: HEXO's short term assets (CA$95.7M) do not cover its short term liabilities (CA$236.2M).

Long Term Liabilities: HEXO's short term assets (CA$95.7M) exceed its long term liabilities (CA$17.7M).


Debt to Equity History and Analysis

Debt Level: HEXO's net debt to equity ratio (110.7%) is considered high.

Reducing Debt: HEXO's debt to equity ratio has increased from 0% to 124.7% 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: HEXO has sufficient cash runway for 5 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: Insufficient data to determine if HEXO has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


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