ReadCloud Balance Sheet Health
Financial Health criteria checks 5/6
ReadCloud has a total shareholder equity of A$9.7M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$14.1M and A$4.4M respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
Interest coverage ratio | n/a |
Cash | AU$1.71m |
Equity | AU$9.67m |
Total liabilities | AU$4.41m |
Total assets | AU$14.08m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RCL's short term assets (A$3.0M) do not cover its short term liabilities (A$4.1M).
Long Term Liabilities: RCL's short term assets (A$3.0M) exceed its long term liabilities (A$271.8K).
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 a year based on its current free cash flow.
Forecast Cash Runway: RCL has sufficient cash runway for 1.3 years if free cash flow continues to reduce at historical rates of 7% each year.