Verano Holdings Balance Sheet Health
Financial Health criteria checks 4/6
Verano Holdings has a total shareholder equity of $1.2B and total debt of $444.7M, which brings its debt-to-equity ratio to 35.9%. Its total assets and total liabilities are $2.3B and $1.1B respectively. Verano Holdings's EBIT is $132.0M making its interest coverage ratio 2.2. It has cash and short-term investments of $193.8M.
Key information
35.9%
Debt to equity ratio
US$444.69m
Debt
Interest coverage ratio | 2.2x |
Cash | US$193.80m |
Equity | US$1.24b |
Total liabilities | US$1.08b |
Total assets | US$2.32b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: VRNO.F's short term assets ($418.8M) exceed its short term liabilities ($415.0M).
Long Term Liabilities: VRNO.F's short term assets ($418.8M) do not cover its long term liabilities ($661.1M).
Debt to Equity History and Analysis
Debt Level: VRNO.F's net debt to equity ratio (20.3%) is considered satisfactory.
Reducing Debt: VRNO.F's debt to equity ratio has increased from 9.4% to 35.9% 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 VRNO.F has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: VRNO.F is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 60.9% per year.