Rhinomed Balance Sheet Health

Financial Health criteria checks 2/6

Rhinomed has a total shareholder equity of A$-6.4M and total debt of A$5.8M, which brings its debt-to-equity ratio to -90.4%. Its total assets and total liabilities are A$3.1M and A$9.5M respectively.

Key information

-90.4%

Debt to equity ratio

AU$5.79m

Debt

Interest coverage ration/a
CashAU$190.41k
Equity-AU$6.41m
Total liabilitiesAU$9.48m
Total assetsAU$3.08m

Recent financial health updates

Recent updates

Rhinomed Limited's (ASX:RNO) CEO Will Probably Find It Hard To See A Huge Raise This Year

Nov 10
Rhinomed Limited's (ASX:RNO) CEO Will Probably Find It Hard To See A Huge Raise This Year

Is Rhinomed (ASX:RNO) Using Too Much Debt?

Mar 03
Is Rhinomed (ASX:RNO) Using Too Much Debt?

Rhinomed (ASX:RNO) Is In A Strong Position To Grow Its Business

Mar 01
Rhinomed (ASX:RNO) Is In A Strong Position To Grow Its Business

Here's Why We're Not Too Worried About Rhinomed's (ASX:RNO) Cash Burn Situation

Jul 09
Here's Why We're Not Too Worried About Rhinomed's (ASX:RNO) Cash Burn Situation

Here's Why We're Watching Rhinomed's (ASX:RNO) Cash Burn Situation

Mar 01
Here's Why We're Watching Rhinomed's (ASX:RNO) Cash Burn Situation

Key Things To Understand About Rhinomed's (ASX:RNO) CEO Pay Cheque

Jan 25
Key Things To Understand About Rhinomed's (ASX:RNO) CEO Pay Cheque

How Many Rhinomed Limited (ASX:RNO) Shares Did Insiders Buy, In The Last Year?

Dec 20
How Many Rhinomed Limited (ASX:RNO) Shares Did Insiders Buy, In The Last Year?

Financial Position Analysis

Short Term Liabilities: RNO has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: RNO 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: RNO has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: RNO'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: RNO has sufficient cash runway for 0 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: RNO is forecast to have sufficient cash runway for 0 months based on free cash flow estimates, but has since raised additional capital.


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