Trulieve Cannabis Balance Sheet Health
Financial Health criteria checks 4/6
Trulieve Cannabis has a total shareholder equity of $1.4B and total debt of $485.2M, which brings its debt-to-equity ratio to 34.4%. Its total assets and total liabilities are $2.7B and $1.3B respectively. Trulieve Cannabis's EBIT is $92.6M making its interest coverage ratio 1.2. It has cash and short-term investments of $201.4M.
Key information
34.4%
Debt to equity ratio
US$485.17m
Debt
Interest coverage ratio | 1.2x |
Cash | US$201.37m |
Equity | US$1.41b |
Total liabilities | US$1.32b |
Total assets | US$2.73b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TCNN.F's short term assets ($477.3M) exceed its short term liabilities ($114.8M).
Long Term Liabilities: TCNN.F's short term assets ($477.3M) do not cover its long term liabilities ($1.2B).
Debt to Equity History and Analysis
Debt Level: TCNN.F's net debt to equity ratio (20.1%) is considered satisfactory.
Reducing Debt: TCNN.F's debt to equity ratio has increased from 19.3% to 34.4% 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: Whilst unprofitable TCNN.F has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: TCNN.F is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 21.9% per year.