ReadCloud Balance Sheet Health

Financial Health criteria checks 5/6

ReadCloud has a total shareholder equity of A$10.2M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$14.9M and A$4.7M respectively.

Key information

Debt to equity ratio

AU$0

Debt

Interest coverage ratio	n/a
Cash	AU$3.10m
Equity	AU$10.16m
Total liabilities	AU$4.74m
Total assets	AU$14.90m

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: RCL's short term assets (A$5.8M) exceed its short term liabilities (A$4.5M).

Long Term Liabilities: RCL's short term assets (A$5.8M) exceed its long term liabilities (A$248.1K).

Debt to Equity History and Analysis

Debt Level: RCL is debt free.

Reducing Debt: RCL had no debt 5 years ago.

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: RCL has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if RCL has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.

ReadCloud Balance Sheet Health

Financial Health criteria checks 5/6

Key information

Recent financial health updates

Recent updates

ReadCloud Limited, Annual General Meeting, Feb 23, 2024

ReadCloud Limited Announces Change of Company Secretary

Full year 2023 earnings released: AU$0.018 loss per share (vs AU$0.014 loss in FY 2022)

New minor risk - Shareholder dilution

Less than half of directors are independent

Readcloud Limited Announces Executive Changes

First half 2023 earnings released: EPS: AU$0.01 (vs AU$0.01 in 1H 2022)

ReadCloud Limited Appoints Andrew Skelton as the New Chief Executive Officer with Effect from 15 May 2023

ReadCloud Limited Elects Jonathan Isaacs as Director

ReadCloud Limited Announces Management Changes

ReadCloud Limited, Annual General Meeting, Feb 13, 2023

Price target decreased to AU$0.39

Less than half of directors are independent

ReadCloud Limited (ASX:RCL) completed the acquisition of Southern Solutions Training Services Pty Ltd for AUD 3.2 million.

ReadCloud Limited (ASX:RCL) acquired Southern Solutions Training Services Pty Ltd for AUD 3.2 million.

Less than half of directors are independent

Non-Executive Chairman recently bought AU$70k worth of stock

Here's Why We Think ReadCloud Limited's (ASX:RCL) CEO Compensation Looks Fair

Full year 2021 earnings released: AU$0.01 loss per share (vs AU$0.01 loss in FY 2020)

Price target decreased to AU$0.67

ReadCloud Limited (ASX:RCL) entered into an agreement to acquire Ripponlea Institute Pty Ltd from Sarah Pavy for AUD 1.8 million.

First half 2021 earnings released: AU$0.01 loss per share (vs AU$0.012 loss in 1H 2020)

New 90-day low: AU$0.56

A Look At ReadCloud's (ASX:RCL) CEO Remuneration

Price target raised to AU$0.94

ReadCloud (ASX:RCL) Shareholders Have Enjoyed A 69% Share Price Gain

ReadCloud Limited's (ASX:RCL) Has Found A Path To Profitability

New 90-day high: AU$0.71

Readcloud Limited Announces Board Changes

This Insider Has Just Sold Shares In ReadCloud Limited (ASX:RCL)

Insider recently sold AU$2.4m worth of stock

New 90-day high: AU$0.41

ReadCloud Limited (ASX:RCL) completed the acquisition of PKY Media Pty Ltd.

ReadCloud Limited (ASX:RCL) entered into an agreement to acquire PKY Media Pty Ltd for AUD 1.5 million.

Price target raised to AU$0.68

Earnings released

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Cash Runway Analysis

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