Resource Mining Balance Sheet Health
Financial Health criteria checks 3/6
Resource Mining has a total shareholder equity of A$8.4M and total debt of A$87.2K, which brings its debt-to-equity ratio to 1%. Its total assets and total liabilities are A$8.8M and A$391.0K respectively.
Key information
1.0%
Debt to equity ratio
AU$87.20k
Debt
| Interest coverage ratio | n/a |
| Cash | AU$157.05k |
| Equity | AU$8.40m |
| Total liabilities | AU$391.03k |
| Total assets | AU$8.79m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: RMI's short term assets (A$204.7K) do not cover its short term liabilities (A$391.0K).
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 less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: RMI has less than a year of cash runway if free cash flow continues to reduce at historical rates of 49% each year