Reconnaissance Energy Africa Ltd.

OTCPK:RECA.F Stock Report

Market Cap: US$171.3m

Reconnaissance Energy Africa Balance Sheet Health

Financial Health criteria checks 6/6

Reconnaissance Energy Africa has a total shareholder equity of CA$152.0M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$157.9M and CA$5.9M respectively.

Key information

0%

Debt to equity ratio

CA$0

Debt

Interest coverage ration/a
CashCA$9.16m
EquityCA$152.05m
Total liabilitiesCA$5.86m
Total assetsCA$157.91m

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: RECA.F's short term assets (CA$10.8M) exceed its short term liabilities (CA$4.8M).

Long Term Liabilities: RECA.F's short term assets (CA$10.8M) exceed its long term liabilities (CA$1.1M).


Debt to Equity History and Analysis

Debt Level: RECA.F is debt free.

Reducing Debt: RECA.F has no debt compared to 5 years ago when its debt to equity ratio was 5.4%.

Debt Coverage: RECA.F has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: RECA.F has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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