Algorhythm Holdings Balance Sheet Health
Financial Health criteria checks 1/6
Algorhythm Holdings has a total shareholder equity of $-872.0K and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $12.4M and $13.2M respectively.
Key information
0%
Debt to equity ratio
US$0
Debt
| Interest coverage ratio | n/a |
| Cash | US$1.25m |
| Equity | -US$872.00k |
| Total liabilities | US$13.24m |
| Total assets | US$12.37m |
Recent financial health updates
Recent updates
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Aug 22Singing Machine GAAP EPS of $0.14, revenue of $47.51M
Jul 14Financial Position Analysis
Short Term Liabilities: RIME has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: RIME has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: RIME is debt free.
Reducing Debt: RIME's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
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: RIME has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: RIME has less than a year of cash runway if free cash flow continues to reduce at historical rates of 43.7% each year