Route1 Balance Sheet Health
Financial Health criteria checks 3/6
Route1 has a total shareholder equity of CA$46.6K and total debt of CA$3.0M, which brings its debt-to-equity ratio to 6342.8%. Its total assets and total liabilities are CA$8.7M and CA$8.6M respectively.
Key information
6,342.8%
Debt to equity ratio
CA$2.95m
Debt
| Interest coverage ratio | n/a |
| Cash | CA$135.89k |
| Equity | CA$46.55k |
| Total liabilities | CA$8.63m |
| Total assets | CA$8.68m |
Recent financial health updates
Recent updates
Route1 Inc.'s (CVE:ROI) 27% Dip In Price Shows Sentiment Is Matching Revenues
Jun 09
Route1 Inc.'s (CVE:ROI) Share Price Boosted 30% But Its Business Prospects Need A Lift Too
Apr 14Route1 Inc.'s (CVE:ROI) Price Is Right But Growth Is Lacking After Shares Rocket 100%
Feb 28Here's Why Shareholders Should Examine Route1 Inc.'s (CVE:ROI) CEO Compensation Package More Closely
Nov 23Route1 (CVE:ROI) Takes On Some Risk With Its Use Of Debt
Jun 25Here's Why Shareholders Should Examine Route1 Inc.'s (CVE:ROI) CEO Compensation Package More Closely
Nov 30How Is Route1's (CVE:ROI) CEO Compensated?
Nov 24Financial Position Analysis
Short Term Liabilities: ROI's short term assets (CA$2.5M) do not cover its short term liabilities (CA$8.0M).
Long Term Liabilities: ROI's short term assets (CA$2.5M) exceed its long term liabilities (CA$648.3K).
Debt to Equity History and Analysis
Debt Level: ROI's net debt to equity ratio (6050.8%) is considered high.
Reducing Debt: ROI's debt to equity ratio has increased from 218.2% to 6342.8% over the past 5 years.
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: Whilst unprofitable ROI has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: ROI is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 15.8% per year.