RenovoRx Balance Sheet Health
Financial Health criteria checks 6/6
RenovoRx has a total shareholder equity of $6.0K and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $3.5M and $3.5M respectively.
Key information
0%
Debt to equity ratio
US$0
Debt
Interest coverage ratio | n/a |
Cash | US$3.23m |
Equity | US$6.00k |
Total liabilities | US$3.51m |
Total assets | US$3.52m |
Recent financial health updates
Is RenovoRx (NASDAQ:RNXT) In A Good Position To Invest In Growth?
Mar 31Companies Like RenovoRx (NASDAQ:RNXT) Could Be Quite Risky
Dec 16Is RenovoRx (NASDAQ:RNXT) In A Good Position To Deliver On Growth Plans?
Aug 04RenovoRx (NASDAQ:RNXT) Is In A Good Position To Deliver On Growth Plans
Mar 16Recent updates
Is RenovoRx (NASDAQ:RNXT) In A Good Position To Invest In Growth?
Mar 31Companies Like RenovoRx (NASDAQ:RNXT) Could Be Quite Risky
Dec 16RenovoRx reports Q2 results
Aug 15Is RenovoRx (NASDAQ:RNXT) In A Good Position To Deliver On Growth Plans?
Aug 04RenovoRx names new finance CFO
Jul 19RenovoRx (NASDAQ:RNXT) Is In A Good Position To Deliver On Growth Plans
Mar 16We Think RenovoRx (NASDAQ:RNXT) Can Afford To Drive Business Growth
Nov 30Financial Position Analysis
Short Term Liabilities: RNXT's short term assets ($3.5M) exceed its short term liabilities ($1.6M).
Long Term Liabilities: RNXT's short term assets ($3.5M) exceed its long term liabilities ($1.9M).
Debt to Equity History and Analysis
Debt Level: RNXT is debt free.
Reducing Debt: RNXT had no debt 5 years ago.
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: RNXT has sufficient cash runway for 4 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: RNXT is forecast to have sufficient cash runway for 4 months based on free cash flow estimates, but has since raised additional capital.