Renovaro Balance Sheet Health
Financial Health criteria checks 2/6
Renovaro has a total shareholder equity of $98.1M and total debt of $2.7M, which brings its debt-to-equity ratio to 2.8%. Its total assets and total liabilities are $121.8M and $23.7M respectively.
Key information
2.8%
Debt to equity ratio
US$2.71m
Debt
| Interest coverage ratio | n/a |
| Cash | US$220.57k |
| Equity | US$98.09m |
| Total liabilities | US$23.75m |
| Total assets | US$121.83m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2Q5's short term assets ($1.9M) do not cover its short term liabilities ($23.0M).
Long Term Liabilities: 2Q5's short term assets ($1.9M) exceed its long term liabilities ($710.3K).
Debt to Equity History and Analysis
Debt Level: 2Q5's net debt to equity ratio (2.5%) is considered satisfactory.
Reducing Debt: 2Q5's debt to equity ratio has increased from 0% to 2.8% 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: 2Q5 has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: 2Q5 has less than a year of cash runway if free cash flow continues to reduce at historical rates of 6% each year