Recce Pharmaceuticals Balance Sheet Health
Financial Health criteria checks 4/6
Recce Pharmaceuticals has a total shareholder equity of A$534.2K and total debt of A$2.2M, which brings its debt-to-equity ratio to 418.1%. Its total assets and total liabilities are A$5.5M and A$4.9M respectively.
Key information
418.1%
Debt to equity ratio
AU$2.23m
Debt
| Interest coverage ratio | n/a |
| Cash | AU$4.01m |
| Equity | AU$534.18k |
| Total liabilities | AU$4.94m |
| Total assets | AU$5.47m |
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's short term assets (A$4.8M) exceed its short term liabilities (A$4.6M).
Long Term Liabilities: RCE's short term assets (A$4.8M) exceed its long term liabilities (A$291.0K).
Debt to Equity History and Analysis
Debt Level: RCE has more cash than its total debt.
Reducing Debt: RCE had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
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 less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: RCE has less than a year of cash runway if free cash flow continues to reduce at historical rates of 31.2% each year