Rimini Street Balance Sheet Health
Financial Health criteria checks 0/6
Rimini Street has a total shareholder equity of $-76.8M and total debt of $71.9M, which brings its debt-to-equity ratio to -93.6%. Its total assets and total liabilities are $343.8M and $420.6M respectively. Rimini Street's EBIT is $37.4M making its interest coverage ratio 18. It has cash and short-term investments of $119.5M.
Key information
-93.6%
Debt to equity ratio
US$71.86m
Debt
| Interest coverage ratio | 18x |
| Cash | US$119.49m |
| Equity | -US$76.77m |
| Total liabilities | US$420.62m |
| Total assets | US$343.84m |
Recent financial health updates
Recent updates
Rimini: Substantial Recurring Revenue, Reallocation Of Resources, And Undervalued
Sep 05The Market Doesn't Like What It Sees From Rimini Street, Inc.'s (NASDAQ:RMNI) Earnings Yet As Shares Tumble 30%
Aug 02
Rimini Street: High Uncertainty Pressuring Near-Term Outlook
Jun 12Rimini Street, Inc.'s (NASDAQ:RMNI) Share Price Is Matching Sentiment Around Its Revenues
Jun 10Rimini Street: Extremely Cheap Even After Adjusting For Litigation Risks
Mar 20Why Rimini Street, Inc. (NASDAQ:RMNI) Could Be Worth Watching
Mar 13Rimini Street Q2 2022 Earnings Preview
Aug 02Rimini Street: A First Look
Jun 15Financial 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.
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: Insufficient data to determine if RMNI has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if RMNI has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.