Red Metal Balance Sheet Health
Financial Health criteria checks 5/6
Red Metal has a total shareholder equity of A$6.2M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$7.5M and A$1.3M respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
| Interest coverage ratio | n/a |
| Cash | AU$5.45m |
| Equity | AU$6.19m |
| Total liabilities | AU$1.28m |
| Total assets | AU$7.47m |
Recent financial health updates
Will Red Metal (ASX:RDM) Spend Its Cash Wisely?
Oct 17
We're Interested To See How Red Metal (ASX:RDM) Uses Its Cash Hoard To Grow
May 09Recent updates
We Discuss Why Red Metal Limited's (ASX:RDM) CEO Compensation May Be Closely Reviewed
Nov 10Will Red Metal (ASX:RDM) Spend Its Cash Wisely?
Oct 17We're Interested To See How Red Metal (ASX:RDM) Uses Its Cash Hoard To Grow
May 09A Look At Red Metal's (ASX:RDM) CEO Remuneration
Jan 14Is Red Metal Limited's(ASX:RDM) Recent Stock Performance Tethered To Its Strong Fundamentals?
Nov 22
Financial Position Analysis
Short Term Liabilities: RDM's short term assets (A$6.2M) exceed its short term liabilities (A$887.9K).
Long Term Liabilities: RDM's short term assets (A$6.2M) exceed its long term liabilities (A$388.4K).
Debt to Equity History and Analysis
Debt Level: RDM is debt free.
Reducing Debt: RDM has not had any debt for 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: RDM has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: RDM has sufficient cash runway for 1 years if free cash flow continues to reduce at historical rates of 34.1% each year.