Redcastle Resources Balance Sheet Health
Financial Health criteria checks 6/6
Redcastle Resources has a total shareholder equity of A$3.7M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$3.8M and A$109.4K respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
Interest coverage ratio | n/a |
Cash | AU$1.43m |
Equity | AU$3.74m |
Total liabilities | AU$109.37k |
Total assets | AU$3.85m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RC1's short term assets (A$1.5M) exceed its short term liabilities (A$109.4K).
Long Term Liabilities: RC1 has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: RC1 is debt free.
Reducing Debt: RC1 had no debt 5 years ago.
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: RC1 has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: RC1 has sufficient cash runway for 1.3 years if free cash flow continues to reduce at historical rates of 19.6% each year.