High Tide Balance Sheet Health
Financial Health criteria checks 6/6
High Tide has a total shareholder equity of CA$140.1M and total debt of CA$29.0M, which brings its debt-to-equity ratio to 20.7%. Its total assets and total liabilities are CA$227.3M and CA$87.2M respectively. High Tide's EBIT is CA$4.2M making its interest coverage ratio 0.4. It has cash and short-term investments of CA$28.7M.
Key information
20.7%
Debt to equity ratio
CA$28.95m
Debt
| Interest coverage ratio | 0.4x |
| Cash | CA$28.75m |
| Equity | CA$140.10m |
| Total liabilities | CA$87.21m |
| Total assets | CA$227.31m |
Recent financial health updates
No updates
Recent updates
High Tide's NuLeaf Naturals multicannabinoid products available for sale in Ontario
Oct 18High Tide to acquire Jimmy's Cannabis Shop BC for $5.3M
Sep 29High Tide GAAP EPS of -C$0.05, revenue of C$95.35M
Sep 14High Tide gets access to C$19M credit facility
Aug 18High Tide undertakes control of Three Kushbar locations in Alberta
Jul 28High Tide to raise C$10M in equity offering
Jul 19High tide opens first canna cabana store in British Columbia
Jul 13High Tide to acquire 9 retail cannabis stores from Choom for C$5.1M
Jul 07High Tide opens new Canna Cabana store in Sherwood Park
Jun 30'We Don't Need Legalization' - High Tide CEO Raj Grover
May 19Cannabis Retailer High Tide Reports 99% Revenue Growth For Q3 2021
Sep 22High Tide: Overlooked Canadian Cannabis Stock
Jul 01High Tide Will Continue Delivering Superior Returns
Jun 22Financial Position Analysis
Short Term Liabilities: HITI's short term assets (CA$65.3M) exceed its short term liabilities (CA$57.8M).
Long Term Liabilities: HITI's short term assets (CA$65.3M) exceed its long term liabilities (CA$29.4M).
Debt to Equity History and Analysis
Debt Level: HITI's net debt to equity ratio (0.1%) is considered satisfactory.
Reducing Debt: HITI's debt to equity ratio has reduced from 41% to 20.7% 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: Whilst unprofitable HITI has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: HITI is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 39.9% per year.