Algorhythm Holdings Balance Sheet Health
Financial Health criteria checks 5/6
Algorhythm Holdings has a total shareholder equity of $2.7M and total debt of $700.0K, which brings its debt-to-equity ratio to 25.6%. Its total assets and total liabilities are $19.6M and $16.9M respectively.
Key information
25.6%
Debt to equity ratio
US$700.00k
Debt
| Interest coverage ratio | n/a |
| Cash | US$621.00k |
| Equity | US$2.74m |
| Total liabilities | US$16.87m |
| Total assets | US$19.61m |
Recent financial health updates
Recent updates
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Jul 11
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Oct 18Singing Machine announces new fall partnership with Sam’s Club for Fall 2022
Sep 20Singing Machine GAAP EPS of -$0.01, revenue of $11.69M
Aug 22Singing Machine GAAP EPS of $0.14, revenue of $47.51M
Jul 14Financial Position Analysis
Short Term Liabilities: RIME's short term assets ($14.4M) do not cover its short term liabilities ($16.5M).
Long Term Liabilities: RIME's short term assets ($14.4M) exceed its long term liabilities ($385.0K).
Debt to Equity History and Analysis
Debt Level: RIME's net debt to equity ratio (2.9%) is considered satisfactory.
Reducing Debt: RIME's debt to equity ratio has reduced from 65.2% to 25.6% 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: RIME has sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: RIME is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/30 13:53 |
| End of Day Share Price | 2024/12/30 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Algorhythm Holdings, Inc. is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Edward Woo | Ascendiant Capital Markets LLC |