Algorhythm Holdings Balance Sheet Health
Financial Health criteria checks 0/6
Algorhythm Holdings has a total shareholder equity of $-10.5M and total debt of $650.0K, which brings its debt-to-equity ratio to -6.2%. Its total assets and total liabilities are $18.3M and $28.8M respectively.
Key information
-6.2%
Debt to equity ratio
US$650.00k
Debt
| Interest coverage ratio | n/a |
| Cash | US$7.55m |
| Equity | -US$10.52m |
| Total liabilities | US$28.82m |
| Total assets | US$18.30m |
Recent financial health updates
Recent updates
Risks Still Elevated At These Prices As Algorhythm Holdings, Inc. (NASDAQ:RIME) Shares Dive 82%
Feb 14
The Singing Machine Company, Inc. (NASDAQ:MICS) Looks Inexpensive After Falling 48% But Perhaps Not Attractive Enough
Jul 11Market Might Still Lack Some Conviction On The Singing Machine Company, Inc. (NASDAQ:MICS) Even After 46% Share Price Boost
Feb 28The Singing Machine Company, Inc.'s (NASDAQ:MICS) Share Price Could Signal Some Risk
Nov 14Singing Machine to secure up to $15M financing from Fifth Third Bank
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 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 has negative shareholder equity, which is a more serious situation than a high debt level.
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 45.1% each year
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/04/28 01:01 |
| End of Day Share Price | 2025/04/28 00:00 |
| Earnings | 2024/12/31 |
| Annual Earnings | 2024/12/31 |
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 |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| 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.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
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 Github.
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 |