Reed's Balance Sheet Health
Financial Health criteria checks 2/6
Reed's has a total shareholder equity of $-19.2M and total debt of $27.4M, which brings its debt-to-equity ratio to -142.7%. Its total assets and total liabilities are $18.9M and $38.1M respectively.
Key information
-142.7%
Debt to equity ratio
US$27.37m
Debt
| Interest coverage ratio | n/a |
| Cash | US$603.00k |
| Equity | -US$19.18m |
| Total liabilities | US$38.06m |
| Total assets | US$18.88m |
Recent financial health updates
Recent updates
Here's Why Reed's (NASDAQ:REED) Can Afford Some Debt
Jan 05
Reed's (NASDAQ:REED) Is Carrying A Fair Bit Of Debt
Aug 18Reed's soars after landing CVS deal; see who called it
May 04Reed's' (NASDAQ:REED) Stock Price Has Reduced 76% In The Past Five Years
Feb 16
Reed's Is Not Worth The Risk
Feb 02Reed’s stock rally on guiding Q4 sales above consensus
Jan 13Reed under pressure on proposed public offering
Nov 20Financial Position Analysis
Short Term Liabilities: REED has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: REED 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: REED has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: REED'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: REED has sufficient cash runway for 2 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: REED is forecast to have sufficient cash runway for 2 months based on free cash flow estimates, but has since raised additional capital.