Reconnaissance Energy Africa Balance Sheet Health
Financial Health criteria checks 6/6
Reconnaissance Energy Africa has a total shareholder equity of CA$185.9M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$192.1M and CA$6.2M respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | n/a |
| Cash | CA$30.81m |
| Equity | CA$185.90m |
| Total liabilities | CA$6.21m |
| Total assets | CA$192.11m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: RECO's short term assets (CA$32.1M) exceed its short term liabilities (CA$5.1M).
Long Term Liabilities: RECO's short term assets (CA$32.1M) exceed its long term liabilities (CA$1.1M).
Debt to Equity History and Analysis
Debt Level: RECO is debt free.
Reducing Debt: RECO has no debt compared to 5 years ago when its debt to equity ratio was 5.6%.
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.