Reconnaissance Energy Africa Ltd.

TSXV:RECO Stock Report

Market Cap: CA$273.9m

Reconnaissance Energy Africa Balance Sheet Health

Financial Health criteria checks 6/6

Reconnaissance Energy Africa has a total shareholder equity of CA$136.9M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$141.2M and CA$4.3M respectively.

Key information

0%

Debt to equity ratio

CA$0

Debt

Interest coverage ration/a
CashCA$5.18m
EquityCA$136.85m
Total liabilitiesCA$4.35m
Total assetsCA$141.20m

Recent financial health updates

Reconnaissance Energy Africa (CVE:RECO) Is In A Good Position To Deliver On Growth Plans

May 28
Reconnaissance Energy Africa (CVE:RECO) Is In A Good Position To Deliver On Growth Plans

We Think Reconnaissance Energy Africa (CVE:RECO) Can Afford To Drive Business Growth

Feb 07
We Think Reconnaissance Energy Africa (CVE:RECO) Can Afford To Drive Business Growth

Companies Like Reconnaissance Energy Africa (CVE:RECO) Are In A Position To Invest In Growth

Mar 01
Companies Like Reconnaissance Energy Africa (CVE:RECO) Are In A Position To Invest In Growth

Recent updates

Reconnaissance Energy Africa (CVE:RECO) Is In A Good Position To Deliver On Growth Plans

May 28
Reconnaissance Energy Africa (CVE:RECO) Is In A Good Position To Deliver On Growth Plans

We Think Reconnaissance Energy Africa (CVE:RECO) Can Afford To Drive Business Growth

Feb 07
We Think Reconnaissance Energy Africa (CVE:RECO) Can Afford To Drive Business Growth

Companies Like Reconnaissance Energy Africa (CVE:RECO) Are In A Position To Invest In Growth

Mar 01
Companies Like Reconnaissance Energy Africa (CVE:RECO) Are In A Position To Invest In Growth

Financial Position Analysis

Short Term Liabilities: RECO's short term assets (CA$12.2M) exceed its short term liabilities (CA$3.3M).

Long Term Liabilities: RECO's short term assets (CA$12.2M) exceed its long term liabilities (CA$1.1M).

Debt to Equity History and Analysis

Debt Level: RECO is debt free.

Reducing Debt: RECO had no debt 5 years ago.

Debt Coverage: RECO has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: RECO has no debt, therefore coverage of interest payments is not a concern.

Balance Sheet

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