Ridgetech, Inc.

NasdaqCM:RDGT Stock Report

Market Cap: US$197.5k

Ridgetech Balance Sheet Health

Financial Health criteria checks 6/6

Ridgetech has a total shareholder equity of $29.8M and total debt of $4.7M, which brings its debt-to-equity ratio to 15.7%. Its total assets and total liabilities are $61.4M and $31.6M respectively.

Key information

15.65%

Debt to equity ratio

US$4.66m

Debt

Interest coverage ration/a
CashUS$13.94m
EquityUS$29.78m
Total liabilitiesUS$31.61m
Total assetsUS$61.39m

Recent financial health updates

Recent updates

Analysis Article • Oct 30

China Jo-Jo Drugstores, Inc. (NASDAQ:CJJD) Stocks Shoot Up 32% But Its P/S Still Looks Reasonable

China Jo-Jo Drugstores, Inc. ( NASDAQ:CJJD ) shareholders are no doubt pleased to see that the share price has bounced...
Seeking Alpha • Jul 28

China Jo - Jo Drugstores GAAP EPS of -$0.92, revenue of $164.39M

China Jo - Jo Drugstores press release (NASDAQ:CJJD): FY GAAP EPS of -$0.92. Revenue of $164.39M (+23.5% Y/Y). Revenue increased by 23.5% to $164.39 million for the fiscal year ended March 31, 2022 from $133.13 million for the same period of last year. Gross profit increased by 24.9% to $36.52 million for the fiscal year ended March 31, 2022 from $29.24 million for the same period of last year. Gross margin increased by 0.2 percentage points to 22.2% for the fiscal year ended March 31, 2022 from 22.0% for the same period of last year. Revenue for the fiscal year ended March 31, 2022 increased by $31.25 million, or 23.5%, to $164.39 million from $133.13 million for the same period of last year. The increase in revenue was primarily due to the growth in retail drugstores, online pharmacy and wholesale business.
Analysis Article • Feb 09

China Jo-Jo Drugstores' (NASDAQ:CJJD) Stock Price Has Reduced 24% In The Past Five Years

Ideally, your overall portfolio should beat the market average. But the main game is to find enough winners to more...

Financial Position Analysis

Short Term Liabilities: RDGT's short term assets ($56.7M) exceed its short term liabilities ($31.1M).

Long Term Liabilities: RDGT's short term assets ($56.7M) exceed its long term liabilities ($484.8K).

Debt to Equity History and Analysis

Debt Level: RDGT has more cash than its total debt.

Reducing Debt: RDGT's debt to equity ratio has reduced from 115.4% to 15.7% 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: Whilst unprofitable RDGT has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: RDGT is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 23% per year.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/07 13:02
End of Day Share Price 2026/05/07 00:00
Earnings2025/09/30
Annual Earnings2025/03/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

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

Ridgetech, Inc. is covered by 0 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.