Red Hill Minerals Balance Sheet Health
Financial Health criteria checks 6/6
Red Hill Minerals has a total shareholder equity of A$39.9M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$40.5M and A$561.3K respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
Interest coverage ratio | n/a |
Cash | AU$23.22m |
Equity | AU$39.89m |
Total liabilities | AU$561.33k |
Total assets | AU$40.45m |
Financial Position Analysis
Short Term Liabilities: RHI's short term assets (A$23.6M) exceed its short term liabilities (A$501.5K).
Long Term Liabilities: RHI's short term assets (A$23.6M) exceed its long term liabilities (A$59.8K).
Debt to Equity History and Analysis
Debt Level: RHI is debt free.
Reducing Debt: RHI had no debt 5 years ago.
Debt Coverage: RHI has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: RHI has no debt, therefore coverage of interest payments is not a concern.