ReGen III Balance Sheet Health
Financial Health criteria checks 2/6
ReGen III has a total shareholder equity of CA$-1.9M and total debt of CA$2.6M, which brings its debt-to-equity ratio to -132.8%. Its total assets and total liabilities are CA$2.7M and CA$4.6M respectively.
Key information
-132.8%
Debt to equity ratio
CA$2.56m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$2.15m |
| Equity | -CA$1.93m |
| Total liabilities | CA$4.61m |
| Total assets | CA$2.68m |
Financial Position Analysis
Short Term Liabilities: GIII has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: GIII 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: GIII has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: GIII'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: GIII has sufficient cash runway for 6 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: GIII is forecast to have sufficient cash runway for 5 months based on free cash flow estimates, but has since raised additional capital.