Red Light Holland Balance Sheet Health
Financial Health criteria checks 6/6
Red Light Holland has a total shareholder equity of CA$20.1M and total debt of CA$1.3M, which brings its debt-to-equity ratio to 6.5%. Its total assets and total liabilities are CA$24.0M and CA$3.9M respectively.
Key information
6.5%
Debt to equity ratio
CA$1.32m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$13.37m |
| Equity | CA$20.10m |
| Total liabilities | CA$3.90m |
| Total assets | CA$24.00m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: TRIP's short term assets (CA$16.5M) exceed its short term liabilities (CA$3.2M).
Long Term Liabilities: TRIP's short term assets (CA$16.5M) exceed its long term liabilities (CA$661.5K).
Debt to Equity History and Analysis
Debt Level: TRIP has more cash than its total debt.
Reducing Debt: TRIP had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
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: TRIP has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: TRIP has sufficient cash runway for 2.7 years if free cash flow continues to reduce at historical rates of 35.8% each year.