Avicanna Balance Sheet Health
Financial Health criteria checks 4/6
Avicanna has a total shareholder equity of CA$8.0M and total debt of CA$1.4M, which brings its debt-to-equity ratio to 17.4%. Its total assets and total liabilities are CA$19.4M and CA$11.4M respectively.
Key information
17.4%
Debt to equity ratio
CA$1.39m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$488.21k |
| Equity | CA$7.96m |
| Total liabilities | CA$11.41m |
| Total assets | CA$19.37m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AVCN.F's short term assets (CA$6.7M) do not cover its short term liabilities (CA$9.6M).
Long Term Liabilities: AVCN.F's short term assets (CA$6.7M) exceed its long term liabilities (CA$1.8M).
Debt to Equity History and Analysis
Debt Level: AVCN.F's net debt to equity ratio (11.3%) is considered satisfactory.
Reducing Debt: AVCN.F's debt to equity ratio has increased from 4.8% to 17.4% 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: AVCN.F has sufficient cash runway for 10 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: AVCN.F is forecast to have sufficient cash runway for 5 months based on free cash flow estimates, but has since raised additional capital.