Greenlane Holdings Balance Sheet Health
Financial Health criteria checks 4/6
Greenlane Holdings has a total shareholder equity of $15.4M and total debt of $7.0M, which brings its debt-to-equity ratio to 45.3%. Its total assets and total liabilities are $48.4M and $33.0M respectively.
Key information
45.3%
Debt to equity ratio
US$6.98m
Debt
| Interest coverage ratio | n/a |
| Cash | US$2.44m |
| Equity | US$15.41m |
| Total liabilities | US$33.04m |
| Total assets | US$48.45m |
Recent financial health updates
Recent updates
Greenlane announces CEO transition
Oct 07Greenlane regains Nasdaq compliance
Aug 30Analysts Just Shaved Their Greenlane Holdings, Inc. (NASDAQ:GNLN) Forecasts Dramatically
Aug 18
Greenlane nabs $15M asset-based loan
Aug 11Does Greenlane Holdings (NASDAQ:GNLN) Have A Healthy Balance Sheet?
Dec 02Greenlane Holdings: Up In Smoke
Oct 14Health Check: How Prudently Does Greenlane Holdings (NASDAQ:GNLN) Use Debt?
May 29Could The Greenlane Holdings, Inc. (NASDAQ:GNLN) Ownership Structure Tell Us Something Useful?
Mar 04Is Greenlane Holdings (NASDAQ:GNLN) Using Debt Sensibly?
Feb 06Does Greenlane Holdings' (NASDAQ:GNLN) Share Price Gain of 80% Match Its Business Performance?
Jan 11Greenlane trades high as it teams up with Last Prisoner Project to aid in justice reform
Jan 06Greenlane: Adapting To The Post-Juul World
Dec 28How Many Greenlane Holdings, Inc. (NASDAQ:GNLN) Shares Have Insiders Sold, In The Last Year?
Dec 15Financial Position Analysis
Short Term Liabilities: GNLN's short term assets ($37.5M) exceed its short term liabilities ($31.7M).
Long Term Liabilities: GNLN's short term assets ($37.5M) exceed its long term liabilities ($1.3M).
Debt to Equity History and Analysis
Debt Level: GNLN's net debt to equity ratio (29.4%) is considered satisfactory.
Reducing Debt: GNLN's debt to equity ratio has reduced from 78.2% to 45.3% 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: GNLN has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: GNLN has less than a year of cash runway if free cash flow continues to reduce at historical rates of 9.1% each year