Range Impact Balance Sheet Health
Financial Health criteria checks 3/6
Range Impact has a total shareholder equity of $9.6M and total debt of $10.4M, which brings its debt-to-equity ratio to 108.8%. Its total assets and total liabilities are $23.8M and $14.2M respectively. Range Impact's EBIT is $1.8M making its interest coverage ratio 3.5. It has cash and short-term investments of $2.2M.
Key information
108.8%
Debt to equity ratio
US$10.41m
Debt
Interest coverage ratio | 3.5x |
Cash | US$2.18m |
Equity | US$9.57m |
Total liabilities | US$14.22m |
Total assets | US$23.79m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RNGE's short term assets ($9.7M) exceed its short term liabilities ($9.0M).
Long Term Liabilities: RNGE's short term assets ($9.7M) exceed its long term liabilities ($5.3M).
Debt to Equity History and Analysis
Debt Level: RNGE's net debt to equity ratio (86%) is considered high.
Reducing Debt: RNGE's debt to equity ratio has increased from 0% to 108.8% over the past 5 years.
Debt Coverage: RNGE's debt is not well covered by operating cash flow (4.2%).
Interest Coverage: RNGE's interest payments on its debt are well covered by EBIT (3.5x coverage).