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Heritage Cannabis Holdings Balance Sheet Health
Financial Health criteria checks 3/6
Heritage Cannabis Holdings has a total shareholder equity of CA$20.9M and total debt of CA$7.3M, which brings its debt-to-equity ratio to 35.1%. Its total assets and total liabilities are CA$55.9M and CA$35.0M respectively.
Key information
35.1%
Debt to equity ratio
CA$7.31m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$4.82m |
| Equity | CA$20.85m |
| Total liabilities | CA$35.00m |
| Total assets | CA$55.85m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HERT.F's short term assets (CA$32.2M) exceed its short term liabilities (CA$25.1M).
Long Term Liabilities: HERT.F's short term assets (CA$32.2M) exceed its long term liabilities (CA$9.9M).
Debt to Equity History and Analysis
Debt Level: HERT.F's net debt to equity ratio (11.9%) is considered satisfactory.
Reducing Debt: HERT.F's debt to equity ratio has increased from 0% to 35.1% 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: Insufficient data to determine if HERT.F has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if HERT.F has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.