Red Metal Balance Sheet Health
Financial Health criteria checks 6/6
Red Metal 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$13.9M and A$2.1M respectively.
Key information
0%
Debt to equity ratio
AU$0
Debt
| Interest coverage ratio | n/a |
| Cash | AU$12.21m |
| Equity | AU$11.74m |
| Total liabilities | AU$2.13m |
| Total assets | AU$13.87m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RDM's short term assets (A$12.6M) exceed its short term liabilities (A$1.8M).
Long Term Liabilities: RDM's short term assets (A$12.6M) exceed its long term liabilities (A$367.7K).
Debt to Equity History and Analysis
Debt Level: RDM is debt free.
Reducing Debt: RDM 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: RDM has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: RDM has sufficient cash runway for 1.1 years if free cash flow continues to reduce at historical rates of 37.3% each year.