Red Sky Energy Balance Sheet Health
Financial Health criteria checks 5/6
Red Sky Energy has a total shareholder equity of A$6.4M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$7.9M and A$1.5M respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
Interest coverage ratio | n/a |
Cash | AU$2.67m |
Equity | AU$6.42m |
Total liabilities | AU$1.53m |
Total assets | AU$7.95m |
Recent financial health updates
We're Hopeful That Red Sky Energy (ASX:ROG) Will Use Its Cash Wisely
Aug 15We're Hopeful That Red Sky Energy (ASX:ROG) Will Use Its Cash Wisely
Dec 07Red Sky Energy (ASX:ROG) Is In A Good Position To Deliver On Growth Plans
Aug 19We Think Red Sky Energy (ASX:ROG) Can Afford To Drive Business Growth
Jul 21We Think Red Sky Energy (ASX:ROG) Can Afford To Drive Business Growth
Apr 01Recent updates
We're Hopeful That Red Sky Energy (ASX:ROG) Will Use Its Cash Wisely
Aug 15We're Hopeful That Red Sky Energy (ASX:ROG) Will Use Its Cash Wisely
Dec 07Red Sky Energy (ASX:ROG) Is In A Good Position To Deliver On Growth Plans
Aug 19We Think Red Sky Energy (ASX:ROG) Can Afford To Drive Business Growth
Jul 21We Think Red Sky Energy (ASX:ROG) Can Afford To Drive Business Growth
Apr 01Red Sky Energy Limited (ASX:ROG) Insiders Increased Their Holdings
Dec 06Financial Position Analysis
Short Term Liabilities: ROG's short term assets (A$3.2M) exceed its short term liabilities (A$696.2K).
Long Term Liabilities: ROG's short term assets (A$3.2M) exceed its long term liabilities (A$831.5K).
Debt to Equity History and Analysis
Debt Level: ROG is debt free.
Reducing Debt: ROG has no debt compared to 5 years ago when its debt to equity ratio was 15%.
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: ROG has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: ROG has less than a year of cash runway if free cash flow continues to reduce at historical rates of 25.1% each year