Readen Holding Balance Sheet Health
Financial Health criteria checks 1/6
Readen Holding has a total shareholder equity of $9.4M and total debt of $4.1M, which brings its debt-to-equity ratio to 43.6%. Its total assets and total liabilities are $14.7M and $5.3M respectively. Readen Holding's EBIT is $976.9K making its interest coverage ratio -3.8. It has cash and short-term investments of $9.2K.
Key information
43.6%
Debt to equity ratio
US$4.10m
Debt
| Interest coverage ratio | -3.8x |
| Cash | US$9.15k |
| Equity | US$9.41m |
| Total liabilities | US$5.34m |
| Total assets | US$14.75m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RHCO's short term assets ($1.6M) do not cover its short term liabilities ($2.1M).
Long Term Liabilities: RHCO's short term assets ($1.6M) do not cover its long term liabilities ($3.2M).
Debt to Equity History and Analysis
Debt Level: RHCO's net debt to equity ratio (43.5%) is considered high.
Reducing Debt: Insufficient data to determine if RHCO's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: RHCO's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: RHCO earns more interest than it pays, so coverage of interest payments is not a concern.