RAC Electric Vehicles Balance Sheet Health
Financial Health criteria checks 2/6
RAC Electric Vehicles has a total shareholder equity of NT$537.9M and total debt of NT$1.4B, which brings its debt-to-equity ratio to 258%. Its total assets and total liabilities are NT$2.5B and NT$2.0B respectively.
Key information
258.0%
Debt to equity ratio
NT$1.39b
Debt
Interest coverage ratio | n/a |
Cash | NT$127.98m |
Equity | NT$537.94m |
Total liabilities | NT$1.99b |
Total assets | NT$2.53b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 2237's short term assets (NT$1.6B) exceed its short term liabilities (NT$1.3B).
Long Term Liabilities: 2237's short term assets (NT$1.6B) exceed its long term liabilities (NT$729.6M).
Debt to Equity History and Analysis
Debt Level: 2237's net debt to equity ratio (234.2%) is considered high.
Reducing Debt: 2237's debt to equity ratio has increased from 65.9% to 258% 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: 2237 has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: 2237 has less than a year of cash runway if free cash flow continues to reduce at historical rates of 27.8% each year