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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 ratio | n/a |
| Cash | CA$20.00m |
| Equity | CA$142.73m |
| Total liabilities | CA$253.95m |
| Total assets | CA$396.68m |
Recent financial health updates
Recent updates
Hexo to produce Mike Tyson's cannabis brand's products in Canada
Aug 30Canopy Growth, Tilray other Canadian cannabis names up amid WallStreetBets chatter
Aug 17HEXO receives additional 180 calendar day grace period for regaining compliance
Jul 28HEXO wins shareholder approval for note transaction with Tilray
Jul 05HEXO: Undervalued, But With Certain Dilution Risks
Apr 28HEXO Q1 Earnings: Not A Great Path Forward
Dec 14Financial 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.