Reklaim Balance Sheet Health
Financial Health criteria checks 1/6
Reklaim has a total shareholder equity of CA$-680.7K and total debt of CA$961.7K, which brings its debt-to-equity ratio to -141.3%. Its total assets and total liabilities are CA$1.4M and CA$2.1M respectively. Reklaim's EBIT is CA$463.2K making its interest coverage ratio -915.4. It has cash and short-term investments of CA$164.3K.
Key information
-141.3%
Debt to equity ratio
CA$961.68k
Debt
| Interest coverage ratio | -915.4x |
| Cash | CA$164.28k |
| Equity | -CA$680.69k |
| Total liabilities | CA$2.13m |
| Total assets | CA$1.45m |
Financial Position Analysis
Short Term Liabilities: MYID has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: MYID 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: MYID has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: MYID's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: MYID's debt is not well covered by operating cash flow (6.1%).
Interest Coverage: MYID earns more interest than it pays, so coverage of interest payments is not a concern.