Rennova Health Balance Sheet Health
Financial Health criteria checks 1/6
Rennova Health has a total shareholder equity of $-27.6M and total debt of $11.6M, which brings its debt-to-equity ratio to -42.1%. Its total assets and total liabilities are $19.8M and $47.4M respectively. Rennova Health's EBIT is $3.6M making its interest coverage ratio 1.8. It has cash and short-term investments of $123.9K.
Key information
-42.1%
Debt to equity ratio
US$11.61m
Debt
Interest coverage ratio | 1.8x |
Cash | US$123.90k |
Equity | -US$27.57m |
Total liabilities | US$47.41m |
Total assets | US$19.85m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RNVA has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: RNVA 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: RNVA has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: RNVA's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: RNVA's debt is well covered by operating cash flow (34.9%).
Interest Coverage: RNVA's interest payments on its debt are not well covered by EBIT (1.8x coverage).