REC Silicon ASA
DB:R3Q Stock Report
REC Silicon Balance Sheet Health
Financial Health criteria checks 0/6 REC Silicon has a total shareholder equity of $-67.5M and total debt of $328.6M, which brings its debt-to-equity ratio to -486.8%. Its total assets and total liabilities are $445.8M and $513.3M respectively.
Key information
-486.8%
Debt to equity ratio
Interest coverage ratio n/a Cash US$23.60m Equity -US$67.50m Total liabilities US$513.30m Total assets US$445.80m
Recent financial health updates
Show all updates
Third quarter 2024 earnings released: US$0.13 loss per share (vs US$0.06 loss in 3Q 2023) Nov 13
New major risk - Share price stability Sep 17
Second quarter 2024 earnings released: US$0.12 loss per share (vs US$0.03 loss in 2Q 2023) Aug 09
High number of new and inexperienced directors Jun 25
REC Silicon ASA Announces Board Appointments May 15
New minor risk - Share price stability Feb 15
New major risk - Financial position Feb 09
Full year 2023 earnings released: EPS: US$0.07 (vs US$0.21 loss in FY 2022) Feb 09 REC Silicon ASA to Report Q3, 2024 Results on Nov 07, 2024
New major risk - Negative shareholders equity Nov 20
Third quarter 2023 earnings released: US$0.06 loss per share (vs US$0.07 loss in 3Q 2022) Nov 17
REC Silicon ASA(OB:RECSI) dropped from Oslo OBX Total Return Index Sep 21
Second quarter 2023 earnings released: US$0.03 loss per share (vs US$0.06 loss in 2Q 2022) Aug 16
First quarter 2023 earnings released: US$0.08 loss per share (vs US$0.02 loss in 1Q 2022) May 12
Forecast to breakeven in 2024 May 11
Full year 2022 earnings released: US$0.21 loss per share (vs US$0.12 loss in FY 2021) Mar 27
Full year 2022 earnings released: US$0.21 loss per share (vs US$0.12 loss in FY 2021) Feb 24
Now 21% undervalued after recent price drop Feb 24 REC Silicon ASA to Report Q1, 2023 Results on May 11, 2023
Third quarter 2022 earnings released: US$0.07 loss per share (vs US$0.04 loss in 3Q 2021) Nov 17
High number of new and inexperienced directors Nov 16
High number of new and inexperienced directors Nov 02
REC Silicon ASA Announces Board Changes Oct 22
REC Silicon ASA Announces Executive Changes Oct 11
REC Silicon ASA Announces CEO Changes Sep 28
Second quarter 2022 earnings released: US$0.06 loss per share (vs US$0.015 loss in 2Q 2021) Aug 18
REC Silicon ASA Announces Resignation of Heike Heiligtag from Board of Directors, with Effective Date of August 10, 2022 Aug 10
First quarter 2022 earnings released: US$0.02 loss per share (vs US$0.02 loss in 1Q 2021) May 28
Hanwha Corporation (KOSE:A000880) and Hanwha Solutions Corporation (KOSE:A009830) completed the acquisition of a 18.824354% stake in REC Silicon ASA (OB:RECSI) from Aker Horizons Holding AS May 12
REC Silicon ASA Approves Executive Appointments May 03
High number of new and inexperienced directors Apr 27
REC Silicon ASA, Annual General Meeting, Jun 15, 2022 Apr 13
Full year 2021 earnings released: US$0.12 loss per share (vs US$0.16 loss in FY 2020) Mar 28
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Feb 19
Forecast to breakeven in 2023 Feb 18
Now 22% undervalued Jan 15
Third quarter 2021 earnings released: US$0.055 loss per share (vs US$0.11 profit in 3Q 2020) Oct 21
Forecast to breakeven in 2023 Sep 23
Reliance Industries Reportedly Eyes Billion-Bollar REC Buy from ChemChina for Solar Push Aug 31
Second quarter 2021 earnings released: US$0.01 loss per share (vs US$0.14 loss in 2Q 2020) Jul 23
REC Group Launches Second Generation N-Peak Solar Panel Jul 16
REC Group Launches Fourth Generation of the Multiple-Award-Winning Twinpeak Solar Panel May 21
First quarter 2021 earnings released: US$0.02 loss per share (vs US$0.04 loss in 1Q 2020) May 12
Full year 2020 earnings released: US$0.16 loss per share (vs US$0.47 loss in FY 2019) Mar 29
REC Silicon ASA Approves Election of Kjell Inge Røkke and Lene Landøy as New Members of the Board Mar 06
Full year 2020 earnings released: US$0.16 loss per share (vs US$0.47 loss in FY 2019) Feb 21
Revenue misses expectations Feb 21
New 90-day high: €2.18 Feb 08
New 90-day high: €1.74 Jan 08
New 90-day high: €1.12 Dec 11
REC Silicon ASA, Annual General Meeting, May 11, 2021 Dec 05
Third-quarter earnings released: Revenue beats expectations Oct 30
Third quarter earnings released Oct 30
Rec Silicon ASA Settles Property Tax Dispute for All Years with Grant County, Washington Oct 17 Group14 Technologies and REC Silicon ASA Announces U.S. Advanced Silicon Anode Production Facility
REC Silicon ASA (OB:REC) acquired Sinor As. Sep 08
REC Silicon ASA Not to Provide Production or Sales Guidance for the Third Quarter or the Full Year 2020 Aug 18
New 90-day high - €0.34 Jul 16
Financial Position Analysis
Short Term Liabilities: R3Q has negative shareholder equity , which is a more serious situation than short term assets not covering short term liabilities .
Long Term Liabilities: R3Q has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities .
Debt to Equity History and Analysis
Debt Level: R3Q has negative shareholder equity , which is a more serious situation than a high debt level.
Reducing Debt: R3Q's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
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: R3Q has less than a year of cash runway based on its current free cash flow .
Forecast Cash Runway: Insufficient data to determine if R3Q has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
Discover healthy companies Simply Wall St™ Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.
{"enabled":false,"variant":{"name":"disabled","enabled":false},"flagsReady":false,"flagsError":null}