REE Automotive Balance Sheet Health
Financial Health criteria checks 5/6
REE Automotive has a total shareholder equity of $78.1M and total debt of $19.8M, which brings its debt-to-equity ratio to 25.4%. Its total assets and total liabilities are $137.9M and $59.8M respectively.
Key information
25.4%
Debt to equity ratio
US$19.83m
Debt
Interest coverage ratio | n/a |
Cash | US$85.63m |
Equity | US$78.08m |
Total liabilities | US$59.83m |
Total assets | US$137.90m |
Recent financial health 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 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 ($93.5M) exceed its short term liabilities ($35.2M).
Long Term Liabilities: REE's short term assets ($93.5M) exceed its long term liabilities ($24.6M).
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 25.4% 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 11 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: REE is forecast to have sufficient cash runway for 8 months based on free cash flow estimates, but has since raised additional capital.