Redstone Resources Balance Sheet Health
Financial Health criteria checks 4/6
Redstone Resources has a total shareholder equity of A$9.4M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$9.8M and A$393.7K respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
| Interest coverage ratio | n/a |
| Cash | AU$419.84k |
| Equity | AU$9.44m |
| Total liabilities | AU$393.74k |
| Total assets | AU$9.84m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RDS's short term assets (A$913.3K) exceed its short term liabilities (A$393.7K).
Long Term Liabilities: RDS has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: RDS is debt free.
Reducing Debt: RDS 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: RDS has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: RDS has less than a year of cash runway if free cash flow continues to reduce at historical rates of 25.2% each year