Red Metal Balance Sheet Health

Financial Health criteria checks 6/6

Red Metal has a total shareholder equity of A$11.7M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$13.9M and A$2.1M respectively.

Key information

0%

Debt to equity ratio

AU$0

Debt

Interest coverage ration/a
CashAU$12.21m
EquityAU$11.74m
Total liabilitiesAU$2.13m
Total assetsAU$13.87m

Recent financial health updates

Recent updates

Companies Like Red Metal (ASX:RDM) Could Be Quite Risky

Jul 02
Companies Like Red Metal (ASX:RDM) Could Be Quite Risky

We Discuss Why Red Metal Limited's (ASX:RDM) CEO Compensation May Be Closely Reviewed

Nov 10
We Discuss Why Red Metal Limited's (ASX:RDM) CEO Compensation May Be Closely Reviewed

Will Red Metal (ASX:RDM) Spend Its Cash Wisely?

Oct 17
Will Red Metal (ASX:RDM) Spend Its Cash Wisely?

We're Interested To See How Red Metal (ASX:RDM) Uses Its Cash Hoard To Grow

May 09
We're Interested To See How Red Metal (ASX:RDM) Uses Its Cash Hoard To Grow

A Look At Red Metal's (ASX:RDM) CEO Remuneration

Jan 14
A Look At Red Metal's (ASX:RDM) CEO Remuneration

Is Red Metal Limited's(ASX:RDM) Recent Stock Performance Tethered To Its Strong Fundamentals?

Nov 22
Is Red Metal Limited's(ASX:RDM) Recent Stock Performance Tethered To Its Strong Fundamentals?

Financial Position Analysis

Short Term Liabilities: RDM's short term assets (A$12.6M) exceed its short term liabilities (A$1.8M).

Long Term Liabilities: RDM's short term assets (A$12.6M) exceed its long term liabilities (A$367.7K).


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 sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: RDM has sufficient cash runway for 1.1 years if free cash flow continues to reduce at historical rates of 37.3% each year.


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