Riversgold Balance Sheet Health
Financial Health criteria checks 6/6
Riversgold has a total shareholder equity of A$7.6M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$7.8M and A$228.2K respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
| Interest coverage ratio | n/a |
| Cash | AU$785.19k |
| Equity | AU$7.62m |
| Total liabilities | AU$228.17k |
| Total assets | AU$7.85m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: RGL's short term assets (A$856.3K) exceed its short term liabilities (A$228.2K).
Long Term Liabilities: RGL has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: RGL is debt free.
Reducing Debt: RGL has no debt compared to 5 years ago when its debt to equity ratio was 2.2%.
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: RGL has sufficient cash runway for 2 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: RGL is forecast to have sufficient cash runway for 2 months based on free cash flow estimates, but has since raised additional capital.