How much debt does IM Cannabis have?

IM Cannabis had total debt of CAD 16.27M as of Dec 31, 2025, against CAD 2.73M in cash and short-term investments. Total debt was CAD 18.01M a year earlier.

What are IM Cannabis's total assets?

IM Cannabis reported total assets of CAD 31.74M as of Dec 31, 2025, down 19.0% from CAD 39.19M a year earlier. Total liabilities were CAD 35.35M.

What is IM Cannabis's shareholders' equity?

IM Cannabis's shareholders' equity was negative at −CAD 858.00K as of Dec 31, 2025, so its liabilities exceeded its assets.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry.

IM Cannabis (IMCC) Balance Sheet: Assets & Liabilities

IM Cannabis Balance Sheet Analysis

Values in millions CAD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for IM Cannabis Corp. (IMCC) - Annual data in millions CAD
Breakdown	FY 2025	FY 2024	FY 2024	FY 2023	FY 2022	FY 2021	FY 2021	FY 2020	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Mar 2025	Dec 2024	Dec 2023	Dec 2022	Mar 2022	Dec 2021	Mar 2021	Dec 2020	Dec 2019	Dec 2018	Apr 2018
Current Assets
Cash and Cash Equivalents	2.73	0.86	0.86	1.81	2.45	13.90	13.90	8.89	8.89	13.93	0.04	0.00
Short-Term Investments	0.00	0.00	-	0.00	0.00	0.00	3.13	0.00	-	0.00	0.00	0.00
Cash & Short-Term Investments	2.73	0.86	0.86	1.81	2.45	13.90	13.90	8.89	8.89	13.93	0.04	0.00
Accounts Receivable	12.98	16.68	13.80	11.33	8.68	31.18	16.71	5.72	5.72	2.06	0.01	0.01
Inventory	4.27	3.22	3.22	9.98	16.59	31.08	29.39	8.45	11.97	5.47	0.00	0.00
Other Current Assets	2.77	2.61	5.48	1.15	1.63	8.15	6.70	4.09	0.47	2.83	-0.01	0.00
Total Current Assets	22.74	23.36	23.36	24.27	32.67	84.31	81.18	27.14	27.14	24.29	0.04	0.01
Non-Current Assets
Property, Plant & Equipment (Net)	4.11	4.18	4.18	6.37	7.15	48.43	48.43	6.47	6.47	4.42	0.00	0.00
Long-Term Investments	1.78	1.63	1.63	2.29	2.41	2.43	2.43	2.34	2.34	0.91	0.00	0.00
Goodwill	1.89	6.68	6.68	10.10	9.77	121.30	121.30	0.30	0.30	0.30	0.00	0.00
Intangible Assets	1.22	3.33	3.33	5.80	7.91	30.89	30.89	1.09	1.09	0.89	0.00	0.00
Other Non-Current Assets	0.00	0.00	-	0.00	0.76	0.01	3.16	0.00	-	0.00	0.00	0.00
Total Non-Current Assets	9.00	15.82	15.82	24.55	28.00	203.08	206.21	10.97	-	6.60	0.00	0.00
Total Assets	31.74	39.19	39.19	48.81	60.68	287.39	287.39	38.12	38.12	30.89	0.04	0.01
Current Liabilities
Accounts Payable	12.06	11.16	11.16	9.22	15.31	13.99	13.99	2.61	2.61	0.99	0.24	0.25
Short-Term Debt	15.28	17.38	17.11	12.57	9.25	11.06	9.50	0.17	-	0.16	0.00	0.00
Current Portion of Long-Term Debt	14.96	-	17.11	12.12	9.25	-	9.50	-	-	-	-	-
Accrued Liabilities	5.63	-	4.36	3.71	4.28	-	26.18	-	2.59	-	-	-
Deferred Revenue	0.21	0.49	0.49	0.79	0.03	0.14	0.14	0.74	-	0.00	0.00	0.00
Other Current Liabilities	6.47	5.89	6.38	10.26	1.48	26.05	1.73	2.76	0.90	1.01	0.01	0.22
Total Current Liabilities	34.01	34.92	34.92	32.85	33.82	51.23	51.23	6.27	6.27	2.61	0.25	0.47
Non-Current Liabilities
Long-Term Debt	0.99	0.64	0.47	1.21	0.40	18.21	0.39	0.82	-	0.89	0.00	0.00
Deferred Tax Liabilities	0.36	0.49	0.49	0.96	1.33	6.59	6.59	1.50	1.50	0.83	0.00	0.00
Other Non-Current Liabilities	0.00	0.00	0.49	0.13	1.59	6.41	13.00	16.91	16.54	0.46	0.00	0.45
Total Non-Current Liabilities	1.35	1.12	1.12	2.31	3.06	31.22	31.22	19.24	-	2.18	0.00	0.45
Total Liabilities	35.35	36.04	36.04	35.11	36.88	82.44	82.44	25.51	25.51	4.79	0.25	0.47
Stockholders' Equity
Common Stock	270.52	265.00	265.00	253.88	245.78	237.68	237.68	37.04	37.04	25.95	0.05	26.33
Retained Earnings	-270.21	-258.94	-258.94	-249.15	-239.57	-50.74	-50.74	-33.00	-33.00	-4.27	-17.22	-17.11
Accumulated Other Comprehensive Income	-3.81	-1.27	-1.27	0.10	1.28	2.61	2.61	1.23	7.06	0.31	0.04	2.14
Treasury Stock	-	-	-	-	-	-	0.66	-	-	-	-	-
Additional Paid-in Capital	2.64	0.45	-	9.64	0.00	11.69	-	5.83	-	2.68	28.75	0.00
Minority Interest	-2.76	-2.10	-2.10	-0.77	1.15	3.71	3.71	1.51	-	1.45	1.43	-11.81
Shares Outstanding	5.89	-	3.09	2.23	1.26	-	1.14	-	-	-	-	-
Total Stockholders' Equity	-0.86	5.24	3.15	14.47	22.65	201.24	204.95	11.10	12.61	24.66	10.18	11.35
Total Liabilities & Equity	31.74	39.19	39.19	48.81	60.68	287.39	287.39	38.12	-	30.89	0.04	0.01

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

IM Cannabis Balance Sheet Analysis

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