Red Cat Holdings Balance Sheet Health
Financial Health criteria checks 5/6
Red Cat Holdings has a total shareholder equity of $27.0M and total debt of $12.3M, which brings its debt-to-equity ratio to 45.4%. Its total assets and total liabilities are $51.1M and $24.1M respectively.
Key information
45.4%
Debt to equity ratio
US$12.27m
Debt
| Interest coverage ratio | n/a |
| Cash | US$4.61m |
| Equity | US$27.03m |
| Total liabilities | US$24.06m |
| Total assets | US$51.09m |
Recent financial health updates
Recent updates
Red Cat Holdings, Inc.'s (NASDAQ:RCAT) P/S Is Still On The Mark Following 75% Share Price Bounce
Dec 16
Red Cat Holdings, Inc.'s (NASDAQ:RCAT) Price In Tune With Revenues
Jul 01Red Cat Holdings GAAP EPS of -$0.07 misses by $0.04, revenue of $3.07M beats by $0.42M
Sep 12Red Cat Holdings Prepares For Golden Eagle Drone Demand Jump
Jun 21Is Red Cat Holdings (NASDAQ:RCAT) Using Too Much Debt?
May 19Financial Position Analysis
Short Term Liabilities: RCAT's short term assets ($20.9M) exceed its short term liabilities ($14.7M).
Long Term Liabilities: RCAT's short term assets ($20.9M) exceed its long term liabilities ($9.4M).
Debt to Equity History and Analysis
Debt Level: RCAT's net debt to equity ratio (28.3%) is considered satisfactory.
Reducing Debt: RCAT's debt to equity ratio has increased from 0% to 45.4% 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 sufficient cash runway for 3 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: RCAT is forecast to have sufficient cash runway for 3 months based on free cash flow estimates, but has since raised additional capital.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 01:51 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/10/31 |
| Annual Earnings | 2024/04/30 |
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 * |
|---|---|---|---|
| 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 here.
Analysis Model and Snowflake
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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 .
Analyst Sources
Red Cat Holdings, Inc. is covered by 2 analysts. 1 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 |
|---|---|
| Glenn Mattson | Ladenburg Thalmann & Company |
| Ashok Kumar | ThinkEquity LLC |