Riedel Resources Balance Sheet Health
Financial Health criteria checks 4/6
Riedel Resources 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$11.9M and A$225.2K respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
Interest coverage ratio | n/a |
Cash | AU$730.82k |
Equity | AU$11.71m |
Total liabilities | AU$225.24k |
Total assets | AU$11.93m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: RIE's short term assets (A$820.9K) exceed its short term liabilities (A$225.2K).
Long Term Liabilities: RIE has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: RIE is debt free.
Reducing Debt: RIE 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: RIE has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: RIE has less than a year of cash runway if free cash flow continues to reduce at historical rates of 26.5% each year