C21 Investments Balance Sheet Health
Financial Health criteria checks 4/6
C21 Investments has a total shareholder equity of $33.1M and total debt of $1.2M, which brings its debt-to-equity ratio to 3.5%. Its total assets and total liabilities are $55.0M and $21.9M respectively. C21 Investments's EBIT is $688.3K making its interest coverage ratio 7.2. It has cash and short-term investments of $1.9M.
Key information
3.5%
Debt to equity ratio
US$1.16m
Debt
| Interest coverage ratio | 7.2x |
| Cash | US$1.91m |
| Equity | US$33.08m |
| Total liabilities | US$21.93m |
| Total assets | US$55.01m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CXXI.F's short term assets ($7.1M) do not cover its short term liabilities ($13.6M).
Long Term Liabilities: CXXI.F's short term assets ($7.1M) do not cover its long term liabilities ($8.4M).
Debt to Equity History and Analysis
Debt Level: CXXI.F has more cash than its total debt.
Reducing Debt: CXXI.F's debt to equity ratio has reduced from 14.3% to 3.5% 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 CXXI.F has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: CXXI.F is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 36.2% per year.