Overview of Financial Position
| FINANCIAL POSITION (December 31, 2019, 2018) |
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(C$ in thousands, except ratios and per share amounts)
| | December 31, 2019 | December 31, 2018 |
| Cash and cash equivalents | | 78,274 | 67,760 |
| Securities | | 14,174 | 7,400 |
| Trade receivables | | 4,158 | 5,343 |
| Inventories | | 2,388 | 11,406 |
| Total current assets | | 108,495 | 102,006 |
| Total current liabilities | | 19,889 | 27,207 |
| Working capital | | 88,606 | 74,799 |
| Current ratio(2) | | 5.45 | 3.74 |
| Total assets | | 503,349 | 506,913 |
| Total long-term debt(1) | | 35,418 | -- |
| Total long-term debt-to-equity(2) | | 0.10 | -- |
| Total liabilities | | 141,335 | 112,507 |
| Shareholders' equity | | 353,612 | 386,376 |
| Net book value per share | | 28.17 | 30.82 |
| Note: |
| (1) Does not include a non-interest bearing loan payable of $4.8 million as at December 31, 2019 and $4.0 million as at December 31, 2018 which is
measured at fair value through profit or loss and does not have a fixed repayment date. |
| (2) The current ratio is calculated as current assets divided by current liabilities and the total long-term debt-to-equity ratio is
calculated as total long-term debt divided by shareholders’ equity. |