Resource Mining Balance Sheet Health
Financial Health criteria checks 5/6
Resource Mining has a total shareholder equity of A$5.1M and total debt of A$13.4K, which brings its debt-to-equity ratio to 0.3%. Its total assets and total liabilities are A$8.5M and A$3.4M respectively.
Key information
0.3%
Debt to equity ratio
AU$13.40k
Debt
| Interest coverage ratio | n/a |
| Cash | AU$664.27k |
| Equity | AU$5.10m |
| Total liabilities | AU$3.41m |
| Total assets | AU$8.51m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: RMI's short term assets (A$742.7K) do not cover its short term liabilities (A$3.4M).
Long Term Liabilities: RMI has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: RMI has more cash than its total debt.
Reducing Debt: RMI had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
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: RMI has sufficient cash runway for 3 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: RMI is forecast to have sufficient cash runway for 3 months based on free cash flow estimates, but has since raised additional capital.