Reco International Group Inc.

TSXV:RGI Stock Report

Market Cap: CA$744.5k

Reco International Group Balance Sheet Health

Financial Health criteria checks 2/6

Reco International Group has a total shareholder equity of CA$-1.3M and total debt of CA$681.2K, which brings its debt-to-equity ratio to -53.4%. Its total assets and total liabilities are CA$971.2K and CA$2.2M respectively.

Key information

-53.4%

Debt to equity ratio

CA$681.15k

Debt

Interest coverage ration/a
CashCA$218.85k
Equity-CA$1.28m
Total liabilitiesCA$2.25m
Total assetsCA$971.19k

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

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

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

Reducing Debt: RGI'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: Whilst unprofitable RGI has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: RGI is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 11.3% per year.


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