Greenlane Holdings Balance Sheet Health
Financial Health criteria checks 2/6
Greenlane Holdings has a total shareholder equity of $9.3M and total debt of $8.6M, which brings its debt-to-equity ratio to 92.6%. Its total assets and total liabilities are $33.8M and $24.5M respectively.
Key information
92.6%
Debt to equity ratio
US$8.63m
Debt
| Interest coverage ratio | n/a |
| Cash | US$2.31m |
| Equity | US$9.32m |
| Total liabilities | US$24.50m |
| Total assets | US$33.82m |
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 29Financial Position Analysis
Short Term Liabilities: GNLN's short term assets ($26.6M) exceed its short term liabilities ($24.2M).
Long Term Liabilities: GNLN's short term assets ($26.6M) exceed its long term liabilities ($326.0K).
Debt to Equity History and Analysis
Debt Level: GNLN's net debt to equity ratio (67.8%) is considered high.
Reducing Debt: GNLN's debt to equity ratio has increased from 6.7% to 92.6% 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 grow at historical rates of 14.7% each year.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/31 04:49 |
| End of Day Share Price | 2024/12/30 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Greenlane Holdings, Inc. is covered by 8 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Aaron Grey | Alliance Global Partners |
| Michael Hickey | Benchmark Company |
| Derek Dley | Canaccord Genuity |