Red Light Holland Balance Sheet Health
Financial Health criteria checks 6/6
Red Light Holland has a total shareholder equity of CA$23.6M and total debt of CA$1.2M, which brings its debt-to-equity ratio to 5.2%. Its total assets and total liabilities are CA$27.3M and CA$3.7M respectively.
Key information
5.2%
Debt to equity ratio
CA$1.23m
Debt
Interest coverage ratio | n/a |
Cash | CA$15.43m |
Equity | CA$23.60m |
Total liabilities | CA$3.74m |
Total assets | CA$27.34m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: TRIP's short term assets (CA$19.5M) exceed its short term liabilities (CA$2.9M).
Long Term Liabilities: TRIP's short term assets (CA$19.5M) exceed its long term liabilities (CA$812.6K).
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 2.9 years if free cash flow continues to reduce at historical rates of 45.3% each year.