Rimini Street Balance Sheet Health
Financial Health criteria checks 1/6
Rimini Street has a total shareholder equity of $-39.5M and total debt of $70.1M, which brings its debt-to-equity ratio to -177.6%. Its total assets and total liabilities are $393.8M and $433.3M respectively. Rimini Street's EBIT is $53.6M making its interest coverage ratio 29.4. It has cash and short-term investments of $125.3M.
Key information
-177.6%
Debt to equity ratio
US$70.14m
Debt
| Interest coverage ratio | 29.4x |
| Cash | US$125.25m |
| Equity | -US$39.50m |
| Total liabilities | US$433.29m |
| Total assets | US$393.80m |
Recent financial health updates
No updates
Recent updates
Rimini Street: Extremely Cheap Even After Adjusting For Litigation Risks
Mar 20Why Rimini Street, Inc. (NASDAQ:RMNI) Could Be Worth Watching
Mar 13
Rimini Street Q2 2022 Earnings Preview
Aug 02Rimini Street: A First Look
Jun 15An Intrinsic Calculation For Rimini Street, Inc. (NASDAQ:RMNI) Suggests It's 45% Undervalued
Jun 11Breakeven On The Horizon For Rimini Street, Inc. (NASDAQ:RMNI)
May 07An Intrinsic Calculation For Rimini Street, Inc. (NASDAQ:RMNI) Suggests It's 42% Undervalued
Mar 05Financial Position Analysis
Short Term Liabilities: RMNI has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: RMNI 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: RMNI has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: RMNI's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: RMNI's debt is not well covered by operating cash flow (17.8%).
Interest Coverage: RMNI's interest payments on its debt are well covered by EBIT (29.4x coverage).