Reconnaissance Energy Africa Balance Sheet Health
Financial Health criteria checks 6/6
Reconnaissance Energy Africa has a total shareholder equity of CA$152.0M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$157.9M and CA$5.9M respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | n/a |
| Cash | CA$9.16m |
| Equity | CA$152.05m |
| Total liabilities | CA$5.86m |
| Total assets | CA$157.91m |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: REC's short term assets (CA$10.8M) exceed its short term liabilities (CA$4.8M).
Long Term Liabilities: REC's short term assets (CA$10.8M) exceed its long term liabilities (CA$1.1M).
Debt to Equity History and Analysis
Debt Level: REC is debt free.
Reducing Debt: REC has no debt compared to 5 years ago when its debt to equity ratio was 5.4%.
Debt Coverage: REC has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: REC has no debt, therefore coverage of interest payments is not a concern.