Red Cat Holdings Balance Sheet Health
Financial Health criteria checks 3/6
Red Cat Holdings has a total shareholder equity of $49.6M and total debt of $899.9K, which brings its debt-to-equity ratio to 1.8%. Its total assets and total liabilities are $55.3M and $5.7M respectively.
Key information
1.8%
Debt to equity ratio
US$899.94k
Debt
| Interest coverage ratio | n/a |
| Cash | US$7.70m |
| Equity | US$49.57m |
| Total liabilities | US$5.74m |
| Total assets | US$55.32m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: RCAT's short term assets ($27.9M) exceed its short term liabilities ($5.2M).
Long Term Liabilities: RCAT's short term assets ($27.9M) exceed its long term liabilities ($516.5K).
Debt to Equity History and Analysis
Debt Level: RCAT has more cash than its total debt.
Reducing Debt: RCAT's debt to equity ratio has increased from 0% to 1.8% over the past 5 years.
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: RCAT has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: RCAT has less than a year of cash runway if free cash flow continues to reduce at historical rates of 59.7% each year