Rocket Sharing Balance Sheet Health
Financial Health criteria checks 1/6
Rocket Sharing has a total shareholder equity of €1.9M and total debt of €1.6M, which brings its debt-to-equity ratio to 88.4%. Its total assets and total liabilities are €6.0M and €4.1M respectively.
Key information
88.4%
Debt to equity ratio
€1.64m
Debt
| Interest coverage ratio | n/a |
| Cash | €748.62k |
| Equity | €1.86m |
| Total liabilities | €4.13m |
| Total assets | €5.98m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: RKT's short term assets (€3.3M) do not cover its short term liabilities (€4.0M).
Long Term Liabilities: RKT's short term assets (€3.3M) exceed its long term liabilities (€131.4K).
Debt to Equity History and Analysis
Debt Level: RKT's net debt to equity ratio (48.1%) is considered high.
Reducing Debt: Insufficient data to determine if RKT's debt to equity ratio has reduced 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: RKT has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if RKT has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.