Reklaim Balance Sheet Health
Financial Health criteria checks 2/6
Reklaim has a total shareholder equity of CA$-306.0K and total debt of CA$916.9K, which brings its debt-to-equity ratio to -299.7%. Its total assets and total liabilities are CA$1.5M and CA$1.8M respectively. Reklaim's EBIT is CA$329.5K making its interest coverage ratio -651.2. It has cash and short-term investments of CA$394.7K.
Key information
-299.7%
Debt to equity ratio
CA$916.89k
Debt
| Interest coverage ratio | -651.2x |
| Cash | CA$394.68k |
| Equity | -CA$305.96k |
| Total liabilities | CA$1.85m |
| Total assets | CA$1.54m |
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 well covered by operating cash flow (32.2%).
Interest Coverage: MYID earns more interest than it pays, so coverage of interest payments is not a concern.