AmeriCann Balance Sheet Health
Financial Health criteria checks 2/6
AmeriCann has a total shareholder equity of $5.5M and total debt of $5.1M, which brings its debt-to-equity ratio to 91.8%. Its total assets and total liabilities are $15.0M and $9.4M respectively. AmeriCann's EBIT is $362.9K making its interest coverage ratio 0.6. It has cash and short-term investments of $807.6K.
Key information
91.8%
Debt to equity ratio
US$5.08m
Debt
Interest coverage ratio | 0.6x |
Cash | US$807.61k |
Equity | US$5.54m |
Total liabilities | US$9.42m |
Total assets | US$14.96m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ACAN's short term assets ($1.3M) do not cover its short term liabilities ($5.2M).
Long Term Liabilities: ACAN's short term assets ($1.3M) do not cover its long term liabilities ($4.2M).
Debt to Equity History and Analysis
Debt Level: ACAN's net debt to equity ratio (77.2%) is considered high.
Reducing Debt: ACAN's debt to equity ratio has increased from 32.1% to 91.8% 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: ACAN has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: ACAN has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 45.1% each year