RareX Balance Sheet Health

Financial Health criteria checks 4/6

RareX has a total shareholder equity of A$4.5M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$5.5M and A$1.0M respectively.

Key information

Debt to equity ratio

AU$0

Debt

Interest coverage ratio	n/a
Cash	AU$1.94m
Equity	AU$4.47m
Total liabilities	AU$1.01m
Total assets	AU$5.48m

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: REE's short term assets (A$2.1M) exceed its short term liabilities (A$1.0M).

Long Term Liabilities: REE has no long term liabilities.

Debt to Equity History and Analysis

Debt Level: REE is debt free.

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

Forecast Cash Runway: REE has less than a year of cash runway if free cash flow continues to reduce at historical rates of 25.6% each year

RareX Balance Sheet Health

Financial Health criteria checks 4/6

Key information

Recent financial health updates

Recent updates

RareX Limited, Annual General Meeting, Nov 29, 2024

New minor risk - Financial data availability

RareX Limited has completed a Follow-on Equity Offering in the amount of AUD 1.5 million.

New minor risk - Share price stability

New major risk - Market cap size

RareX Limited, Annual General Meeting, Nov 30, 2023

RareX Limited, Annual General Meeting, Jul 14, 2023

Less than half of directors are independent

Rarex Limited Reports Assay Results from A Further Eight Drill Holes Completed as Part of the 2022 Drilling Program

RareX Limited Announces Outstanding Wide Rare Earths-Phosphate Intercepts Pave Way for Pivotal Resource Upgrade at Cummins Range in Early 2023

RareX Limited Provides Update on Activities At Its 100%-Owned Cummins Range Rare Earth and Phosphate Project, Located in the Kimberley Region of Western Australia

RareX Limited, Annual General Meeting, Nov 30, 2022

Rarex Limited Reports Positive Outcomes from an Ore Sorting Testwork Program Conducted on Samples Collected from Its 100%-Owned Cummins Range Rare Earths Project, Located in the Kimberley Region of Western Australia

RareX Limited Announces Extensive Phosphate and Rare Earths Mineral System Emerging

RareX Limited Announces Positive Scoping Study for Cummins Range Shows Potential for Sustainable, Long-Life Rare Earths Project

RareX Limited Identifies Extensions to the High-Grade Zone of Primary Phosphate Mineralisation Immediately North of the Rare Dyke Rare Earths Zone At Cummins Range Rare Earths Project

RareX Limited Announces Major Extension of Mineralisation at Depth Confirmed in Initial Drilling at Cummins Range

Rarex Limited Reports Further Significant Assay Results from the 2021 Diamond Drilling Campaign

RareX Limited Announces its Maiden Exploration Target for the Primary Zone within its Cummins Range Rare Earths Project

Rarex Limited Reports Assay Results from Diamond Drilling at the Primary Zone At Its 100%-Owned Cummins Range Rare Earths Project in Western Australia

Rarex Limited Announces Exceptional High-Grade Intercepts of Up to 10.6% Treo

RareX Limited Intersects Further Significant Primary Rare Earths-Niobium Mineralisation at its 100%-Owned Cummins Range Rare Earths Project in Kimberley Region of Western Australia

Rarex Limited Commences Major New Growth Drilling Program Underway At Cummins Range

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Cash Runway Analysis

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