Corcel Balance Sheet Health

Financial Health criteria checks 3/6

Corcel has a total shareholder equity of £5.1M and total debt of £2.3M, which brings its debt-to-equity ratio to 44.8%. Its total assets and total liabilities are £8.2M and £3.1M respectively.

Key information

44.8%

Debt to equity ratio

UK£2.29m

Debt

Interest coverage ration/a
CashUK£143.00k
EquityUK£5.12m
Total liabilitiesUK£3.07m
Total assetsUK£8.19m

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: RM4B's short term assets (£3.4M) exceed its short term liabilities (£3.1M).

Long Term Liabilities: RM4B has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: RM4B's net debt to equity ratio (42%) is considered high.

Reducing Debt: RM4B's debt to equity ratio has reduced from 69.2% to 44.8% 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: Insufficient data to determine if RM4B has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if RM4B has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


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