Renewable Innovations Balance Sheet Health
Financial Health criteria checks 1/6
Renewable Innovations has a total shareholder equity of $884.6K and total debt of $300.0K, which brings its debt-to-equity ratio to 33.9%. Its total assets and total liabilities are $8.9M and $8.0M respectively.
Key information
33.9%
Debt to equity ratio
US$300.00k
Debt
Interest coverage ratio | n/a |
Cash | US$260.46k |
Equity | US$884.59k |
Total liabilities | US$7.97m |
Total assets | US$8.85m |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: REII's short term assets ($2.2M) do not cover its short term liabilities ($4.3M).
Long Term Liabilities: REII's short term assets ($2.2M) do not cover its long term liabilities ($3.7M).
Debt to Equity History and Analysis
Debt Level: REII's net debt to equity ratio (4.5%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if REII's debt to equity ratio has reduced 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: Insufficient data to determine if REII has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if REII has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.