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.