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 ratio | n/a |
Cash | AU$190.41k |
Equity | -AU$6.41m |
Total liabilities | AU$9.48m |
Total assets | AU$3.08m |
Recent financial health updates
Is Rhinomed (ASX:RNO) Using Too Much Debt?
Mar 03Rhinomed (ASX:RNO) Is In A Strong Position To Grow Its Business
Mar 01Here's Why We're Not Too Worried About Rhinomed's (ASX:RNO) Cash Burn Situation
Jul 09Here's Why We're Watching Rhinomed's (ASX:RNO) Cash Burn Situation
Mar 01Recent updates
Rhinomed Limited's (ASX:RNO) CEO Will Probably Find It Hard To See A Huge Raise This Year
Nov 10Is Rhinomed (ASX:RNO) Using Too Much Debt?
Mar 03Rhinomed (ASX:RNO) Is In A Strong Position To Grow Its Business
Mar 01Here's Why We're Not Too Worried About Rhinomed's (ASX:RNO) Cash Burn Situation
Jul 09Here's Why We're Watching Rhinomed's (ASX:RNO) Cash Burn Situation
Mar 01Key Things To Understand About Rhinomed's (ASX:RNO) CEO Pay Cheque
Jan 25How Many Rhinomed Limited (ASX:RNO) Shares Did Insiders Buy, In The Last Year?
Dec 20Financial 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.