Raiden Resources Balance Sheet Health
Financial Health criteria checks 6/6
Raiden Resources has a total shareholder equity of A$19.8M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$20.0M and A$201.2K respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
Interest coverage ratio | n/a |
Cash | AU$7.88m |
Equity | AU$19.78m |
Total liabilities | AU$201.24k |
Total assets | AU$19.99m |
Recent financial health updates
We Think Raiden Resources (ASX:RDN) Needs To Drive Business Growth Carefully
Oct 13We Think Raiden Resources (ASX:RDN) Can Afford To Drive Business Growth
Jun 09Recent updates
We Think Raiden Resources (ASX:RDN) Needs To Drive Business Growth Carefully
Oct 13We Think Raiden Resources (ASX:RDN) Can Afford To Drive Business Growth
Jun 09Raiden Resources Limited (ASX:RDN) Insiders Increased Their Holdings
Mar 19Have Insiders Been Buying Raiden Resources Limited (ASX:RDN) Shares This Year?
Dec 04Financial Position Analysis
Short Term Liabilities: RDN's short term assets (A$8.2M) exceed its short term liabilities (A$201.2K).
Long Term Liabilities: RDN has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: RDN is debt free.
Reducing Debt: RDN 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: RDN has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: RDN has sufficient cash runway for 2.1 years if free cash flow continues to reduce at historical rates of 20.3% each year.