Radiant Gems International Balance Sheet Health
Financial Health criteria checks 4/6
Radiant Gems International has a total shareholder equity of LKR84.4M and total debt of LKR64.9M, which brings its debt-to-equity ratio to 76.9%. Its total assets and total liabilities are LKR204.2M and LKR119.8M respectively.
Key information
76.9%
Debt to equity ratio
LK₨64.88m
Debt
| Interest coverage ratio | n/a |
| Cash | LK₨15.82m |
| Equity | LK₨84.43m |
| Total liabilities | LK₨119.77m |
| Total assets | LK₨204.19m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RGEM.N0000's short term assets (LKR55.1M) exceed its short term liabilities (LKR39.5M).
Long Term Liabilities: RGEM.N0000's short term assets (LKR55.1M) do not cover its long term liabilities (LKR80.3M).
Debt to Equity History and Analysis
Debt Level: RGEM.N0000's net debt to equity ratio (58.1%) is considered high.
Reducing Debt: RGEM.N0000's debt to equity ratio has reduced from 286.3% to 76.9% 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: Whilst unprofitable RGEM.N0000 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: RGEM.N0000 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 32.3% per year.