RideNow Group Balance Sheet Health
Financial Health criteria checks 2/6
RideNow Group has a total shareholder equity of $-4.7M and total debt of $458.6M, which brings its debt-to-equity ratio to -9757.4%. Its total assets and total liabilities are $712.3M and $717.0M respectively. RideNow Group's EBIT is $23.0M making its interest coverage ratio 0.4. It has cash and short-term investments of $44.7M.
Key information
-9,757.45%
Debt to equity ratio
US$458.60m
Debt
Interest coverage ratio | 0.4x |
Cash | US$44.70m |
Equity | -US$4.70m |
Total liabilities | US$717.00m |
Total assets | US$712.30m |
Recent financial health updates
RumbleOn (NASDAQ:RMBL) Has A Somewhat Strained Balance Sheet
Apr 13Is RumbleOn (NASDAQ:RMBL) Using Too Much Debt?
Sep 27Health Check: How Prudently Does RumbleOn (NASDAQ:RMBL) Use Debt?
Jun 22Is RumbleON (NASDAQ:RMBL) Using Debt Sensibly?
Mar 15Recent updates
RideNow Group, Inc.'s (NASDAQ:RDNW) 31% Price Boost Is Out Of Tune With Revenues
Aug 19Analysts Have Lowered Expectations For RumbleOn, Inc. (NASDAQ:RMBL) After Its Latest Results
May 10Need To Know: The Consensus Just Cut Its RumbleOn, Inc. (NASDAQ:RMBL) Estimates For 2025
May 09RumbleOn (NASDAQ:RMBL) Has A Somewhat Strained Balance Sheet
Apr 13RumbleOn, Inc. (NASDAQ:RMBL) Shares Slammed 29% But Getting In Cheap Might Be Difficult Regardless
Jan 09After Leaping 27% RumbleOn, Inc. (NASDAQ:RMBL) Shares Are Not Flying Under The Radar
Nov 22Earnings Release: Here's Why Analysts Cut Their RumbleOn, Inc. (NASDAQ:RMBL) Price Target To US$6.50
Nov 15RumbleOn, Inc.'s (NASDAQ:RMBL) P/S Is Still On The Mark Following 34% Share Price Bounce
Oct 06Is RumbleOn (NASDAQ:RMBL) Using Too Much Debt?
Sep 27RumbleOn, Inc. (NASDAQ:RMBL) Analysts Just Slashed This Year's Revenue Estimates By 10%
Aug 09RumbleOn, Inc. (NASDAQ:RMBL) Stocks Pounded By 26% But Not Lagging Industry On Growth Or Pricing
Jun 29Health Check: How Prudently Does RumbleOn (NASDAQ:RMBL) Use Debt?
Jun 22Is RumbleON (NASDAQ:RMBL) Using Debt Sensibly?
Mar 15Not Many Are Piling Into RumbleON, Inc. (NASDAQ:RMBL) Stock Yet As It Plummets 25%
Mar 15Revenues Not Telling The Story For RumbleON, Inc. (NASDAQ:RMBL) After Shares Rise 28%
Dec 19RumbleON, Inc.'s (NASDAQ:RMBL) Popularity With Investors Is Clear
Jul 31These 4 Measures Indicate That RumbleON (NASDAQ:RMBL) Is Using Debt Extensively
May 17Financial Position Analysis
Short Term Liabilities: RDNW has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: RDNW 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: RDNW has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: RDNW'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: Whilst unprofitable RDNW has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: RDNW is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 29.1% per year.
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Company Analysis and Financial Data Status
Data | Last Updated (UTC time) |
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Company Analysis | 2025/10/06 05:32 |
End of Day Share Price | 2025/10/06 00:00 |
Earnings | 2025/06/30 |
Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
Package | Data | Timeframe | Example US Source * |
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Company Financials | 10 years |
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Analyst Consensus Estimates | +3 years |
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Market Prices | 30 years |
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Ownership | 10 years |
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Management | 10 years |
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Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
RideNow Group, Inc. is covered by 6 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
Analyst | Institution |
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Craig Kennison | Baird |
Ilya Grozovsky | B. Riley Wealth |
Ronald Josey | Citizens JMP Securities, LLC |