Renegade Exploration Limited

ASX:RNX Stock Report

Market Cap: AU$7.7m

Renegade Exploration Balance Sheet Health

Financial Health criteria checks 4/6

Renegade Exploration has a total shareholder equity of A$5.3M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$6.3M and A$952.6K respectively.

Key information

0%

Debt to equity ratio

AU$0

Debt

Interest coverage ration/a
CashAU$1.20m
EquityAU$5.34m
Total liabilitiesAU$952.61k
Total assetsAU$6.29m

Recent financial health updates

No updates

Recent updates

There Are Some Reasons To Suggest That Renegade Exploration's (ASX:RNX) Earnings A Poor Reflection Of Profitability

Mar 21
There Are Some Reasons To Suggest That Renegade Exploration's (ASX:RNX) Earnings A Poor Reflection Of Profitability

Financial Position Analysis

Short Term Liabilities: RNX's short term assets (A$2.5M) exceed its short term liabilities (A$952.6K).

Long Term Liabilities: RNX has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: RNX is debt free.

Reducing Debt: RNX has not had any debt for past 5 years.


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: RNX has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: RNX has less than a year of cash runway if free cash flow continues to reduce at historical rates of 15.3% each year


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