REE Automotive Balance Sheet Health
Financial Health criteria checks 5/6
REE Automotive has a total shareholder equity of $62.9M and total debt of $19.0M, which brings its debt-to-equity ratio to 30.3%. Its total assets and total liabilities are $116.9M and $54.0M respectively.
Key information
30.3%
Debt to equity ratio
US$19.03m
Debt
| Interest coverage ratio | n/a |
| Cash | US$60.50m |
| Equity | US$62.88m |
| Total liabilities | US$54.04m |
| Total assets | US$116.92m |
Recent financial health updates
Companies Like REE Automotive (NASDAQ:REE) Could Be Quite Risky
Nov 06
Companies Like REE Automotive (NASDAQ:REE) Could Be Quite Risky
Jul 24We're A Little Worried About REE Automotive's (NASDAQ:REE) Cash Burn Rate
Feb 09Recent updates
Companies Like REE Automotive (NASDAQ:REE) Could Be Quite Risky
Nov 06Companies Like REE Automotive (NASDAQ:REE) Could Be Quite Risky
Jul 24We're A Little Worried About REE Automotive's (NASDAQ:REE) Cash Burn Rate
Feb 09We're A Little Worried About REE Automotive's (NASDAQ:REE) Cash Burn Rate
Oct 17REE Automotive Non-GAAP EPS of -$0.07 beats by $0.04; reaffirms FY22 guidance
Aug 16Will REE Automotive (NASDAQ:REE) Spend Its Cash Wisely?
Jul 19REE Automotive: Building A Platform To Ride Growing Demand For Commercial EVs
Jun 30We're Interested To See How REE Automotive (NASDAQ:REE) Uses Its Cash Hoard To Grow
Dec 21Financial Position Analysis
Short Term Liabilities: REE's short term assets ($75.0M) exceed its short term liabilities ($34.0M).
Long Term Liabilities: REE's short term assets ($75.0M) exceed its long term liabilities ($20.0M).
Debt to Equity History and Analysis
Debt Level: REE has more cash than its total debt.
Reducing Debt: REE's debt to equity ratio has increased from 0% to 30.3% 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: REE has sufficient cash runway for 9 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: REE has sufficient cash runway for 2.1 years if free cash flow continues to reduce at historical rates of 34.9% each year.