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 ratio | n/a |
| Cash | AU$572.85k |
| Equity | AU$9.17m |
| Total liabilities | AU$5.32m |
| Total assets | AU$14.49m |
Recent financial health updates
No updates
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.