Rincon Resources Balance Sheet Health
Financial Health criteria checks 6/6
Rincon Resources has a total shareholder equity of A$13.9M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$14.3M and A$414.2K respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
| Interest coverage ratio | n/a |
| Cash | AU$6.02m |
| Equity | AU$13.93m |
| Total liabilities | AU$414.23k |
| Total assets | AU$14.34m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RCR's short term assets (A$6.3M) exceed its short term liabilities (A$414.2K).
Long Term Liabilities: RCR has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: RCR is debt free.
Reducing Debt: RCR has no debt compared to 5 years ago when its debt to equity ratio was 1287.3%.
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: RCR has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: RCR has sufficient cash runway for 1.1 years if free cash flow continues to reduce at historical rates of 30% each year.