Renovaro Balance Sheet Health
Financial Health criteria checks 2/6
Renovaro has a total shareholder equity of $43.6M and total debt of $7.2M, which brings its debt-to-equity ratio to 16.5%. Its total assets and total liabilities are $58.0M and $14.4M respectively.
Key information
16.5%
Debt to equity ratio
US$7.18m
Debt
Interest coverage ratio | n/a |
Cash | US$243.98k |
Equity | US$43.60m |
Total liabilities | US$14.42m |
Total assets | US$58.02m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2Q5's short term assets ($2.4M) do not cover its short term liabilities ($13.8M).
Long Term Liabilities: 2Q5's short term assets ($2.4M) exceed its long term liabilities ($664.2K).
Debt to Equity History and Analysis
Debt Level: 2Q5's net debt to equity ratio (15.9%) is considered satisfactory.
Reducing Debt: 2Q5's debt to equity ratio has increased from 0% to 16.5% 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 15% each year