Rare Foods Australia Limited

ASX:RFA Stock Report

Market Cap: AU$7.0m

Rare Foods Australia Balance Sheet Health

Financial Health criteria checks 5/6

Rare Foods Australia has a total shareholder equity of A$9.2M and total debt of A$2.0M, which brings its debt-to-equity ratio to 22.2%. Its total assets and total liabilities are A$14.5M and A$5.3M respectively.

Key information

22.2%

Debt to equity ratio

AU$2.03m

Debt

Interest coverage ration/a
CashAU$572.85k
EquityAU$9.17m
Total liabilitiesAU$5.32m
Total assetsAU$14.49m

Recent financial health updates

No updates

Recent updates

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Financial Position Analysis

Short Term Liabilities: RFA's short term assets (A$6.6M) exceed its short term liabilities (A$2.7M).

Long Term Liabilities: RFA's short term assets (A$6.6M) exceed its long term liabilities (A$2.6M).


Debt to Equity History and Analysis

Debt Level: RFA's net debt to equity ratio (15.9%) is considered satisfactory.

Reducing Debt: RFA's debt to equity ratio has increased from 1.1% to 22.2% 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: RFA has sufficient cash runway for 4 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: RFA is forecast to have sufficient cash runway for 3 months based on free cash flow estimates, but has since raised additional capital.


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