Recce Pharmaceuticals Balance Sheet Health
Financial Health criteria checks 2/6
Recce Pharmaceuticals has a total shareholder equity of A$-9.5M and total debt of A$9.7M, which brings its debt-to-equity ratio to -101.7%. Its total assets and total liabilities are A$6.4M and A$15.9M respectively.
Key information
-101.7%
Debt to equity ratio
AU$9.69m
Debt
| Interest coverage ratio | n/a |
| Cash | AU$4.42m |
| Equity | -AU$9.52m |
| Total liabilities | AU$15.89m |
| Total assets | AU$6.37m |
Recent financial health updates
Here's Why We're Watching Recce Pharmaceuticals' (ASX:RCE) Cash Burn Situation
Feb 13
We're Hopeful That Recce Pharmaceuticals (ASX:RCE) Will Use Its Cash Wisely
Jul 28Recce Pharmaceuticals (ASX:RCE) Is In A Good Position To Deliver On Growth Plans
Dec 07We're Hopeful That Recce Pharmaceuticals (ASX:RCE) Will Use Its Cash Wisely
Aug 03Recce Pharmaceuticals (ASX:RCE) Is In A Good Position To Deliver On Growth Plans
Mar 08Recent updates
We Think Shareholders Are Less Likely To Approve A Pay Rise For Recce Pharmaceuticals Ltd's (ASX:RCE) CEO For Now
Nov 01Here's Why We're Watching Recce Pharmaceuticals' (ASX:RCE) Cash Burn Situation
Feb 13We're Hopeful That Recce Pharmaceuticals (ASX:RCE) Will Use Its Cash Wisely
Jul 28Recce Pharmaceuticals (ASX:RCE) Is In A Good Position To Deliver On Growth Plans
Dec 07We're Hopeful That Recce Pharmaceuticals (ASX:RCE) Will Use Its Cash Wisely
Aug 03Recce Pharmaceuticals (ASX:RCE) Is In A Good Position To Deliver On Growth Plans
Mar 08Need To Know: Recce Pharmaceuticals Ltd (ASX:RCE) Insiders Have Been Selling Shares
Feb 01Could The Recce Pharmaceuticals Ltd (ASX:RCE) Ownership Structure Tell Us Something Useful?
Dec 09Financial Position Analysis
Short Term Liabilities: RCE has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: RCE has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: RCE has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: RCE's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
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: RCE has sufficient cash runway for 4 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: RCE is forecast to have sufficient cash runway for 5 months based on free cash flow estimates, but has since raised additional capital.