Riedel Resources Balance Sheet Health
Financial Health criteria checks 4/6
Riedel Resources has a total shareholder equity of A$6.2M and total debt of A$29.4K, which brings its debt-to-equity ratio to 0.5%. Its total assets and total liabilities are A$6.4M and A$233.2K respectively.
Key information
0.5%
Debt to equity ratio
AU$29.35k
Debt
| Interest coverage ratio | n/a |
| Cash | AU$160.48k |
| Equity | AU$6.20m |
| Total liabilities | AU$233.21k |
| Total assets | AU$6.43m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RIE's short term assets (A$218.4K) do not cover its short term liabilities (A$233.2K).
Long Term Liabilities: RIE has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: RIE has more cash than its total debt.
Reducing Debt: RIE's debt to equity ratio has increased from 0% to 0.5% over the 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: RIE has sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: RIE is forecast to have sufficient cash runway for 0 months based on free cash flow estimates, but has since raised additional capital.