RenovoRx Financial Health
How is RenovoRx's financial position?
Financial Health Score4/6
Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Stable Cash Runway
Forecast Cash Runway
Financial Position Analysis
Short Term Liabilities: RNXT's short term assets ($9.3M) exceed its short term liabilities ($1.1M).
Long Term Liabilities: RNXT has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: RNXT is debt free.
Reducing Debt: RNXT had no debt 5 years ago.
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: RNXT has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: RNXT has less than a year of cash runway if free cash flow continues to reduce at historical rates of 43.4% each year