Rimfire Pacific Mining Balance Sheet Health

Financial Health criteria checks 5/6

Rimfire Pacific Mining has a total shareholder equity of A$17.2M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$17.7M and A$438.0K respectively.

Key information

Debt to equity ratio

AU$0

Debt

Interest coverage ratio	n/a
Cash	AU$187.67k
Equity	AU$17.22m
Total liabilities	AU$437.98k
Total assets	AU$17.66m

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: RIM's short term assets (A$385.5K) do not cover its short term liabilities (A$423.1K).

Long Term Liabilities: RIM's short term assets (A$385.5K) exceed its long term liabilities (A$14.9K).

Debt to Equity History and Analysis

Debt Level: RIM is debt free.

Reducing Debt: RIM 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: RIM has sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: RIM is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.

Rimfire Pacific Mining Balance Sheet Health

Financial Health criteria checks 5/6

Key information

Recent financial health updates

Recent updates

Insufficient new directors

Rimfire Pacific Mining Limited, Annual General Meeting, Nov 20, 2024

New major risk - Revenue and earnings growth

New minor risk - Financial data availability

New major risk - Share price stability

Rimfire Pacific Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 1.145 million.

Rimfire Pacific Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 1.145 million.

Rimfire Pacific Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 1.15 million.

Rimfire Pacific Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 1.15 million.

Less than half of directors are independent

Rimfire Pacific Mining Limited Announces the Board Appointments

Rimfire Pacific Mining Limited, Annual General Meeting, Nov 20, 2023

Rimfire Pacific Mining Limited (ASX:RIM) executed a Tenement Purchase Agreement to acquire Porters Mount Project (EL8329) from Plutonic Limited for AUD 0.025 million.

Rimfire Pacific Mining Limited (ASX:RIM) executed a Tenement Purchase Agreement to acquire Porters Mount Project (EL8329) from Plutonic Limited for AUD 0.025 million.

Rimfire Pacific Mining Receives Requisition Notice from Adriatic Prospect Pty Ltd

First half 2023 earnings released: EPS: AU$0 (vs AU$0 in 1H 2022)

Rimfire Pacific Mining Limited Announces Rimfire Investigating Nickel - Cobalt - Scandium Recoveries At Melrose

Rimfire Pacific Mining Provides Exploration Update for Its Fifield and Avondale Projects

Rimfire Pacific Mining Limited Identifies Priority Copper Drill Target at East Cowal Copper Gold Project

Rimfire Pacific Mining Limited Identifies Priority Copper Drill Target at East Cowal Copper Gold Project

Rimfire Pacific Mining Limited Announces Broad Gold Zones Drilled At Jacks Lookout, Fifield NSW

Rimfire Pacific Mining Limited Advises Several High-Grade Cobalt Targets Identified on Its 100% - Owned Broken Hill Cobalt Project

Rimfire Pacific Mining Limited Announces Significant Nickel Cobalt Scandium Results At Melrose

Rimfire Pacific Mining Limited, Annual General Meeting, Nov 24, 2022

Full year 2022 earnings released: AU$0.001 loss per share (vs AU$0 in FY 2021)

Rimfire Pacific Mining Announces Assays for the First of Four Diamond Holes Drilled At Melrose

Rimfire Pacific Mining Provides an Update on Current Exploration Activities Underway at its Avondale and Fifield Projects

Rimfire Pacific Mining Limited Updates Exploration Activities at its Avondale and Fifield Projects

Rimfire Pacific Mining Limited Appoints Mr. Greg Keane as Alternate Director

Rimfire Pacific Mining Announces 3,000 - Metre Diamond Drilling Program is Well Underway at its Avondale and Fifield Projects

Rimfire Pacific Mining Limited, Annual General Meeting, Aug 25, 2022

Rimfire Pacific Mining Limited Provides Broken Hill Cobalt Project Update

Rimfire Pacific Mining Limited Announces Diamond Drilling for PGEs underway at Avondale and Fifield

Rimfire Pacific Mining Ltd Announces the Appointment of David Hutton as Managing Director

Rimfire Pacific Mining Limited Announces Significant Ni, Co and Pt Drilling Results At Currajong

Rimfire Pacific Mining Limited Announces Strong Nickel, Cobalt and Scandium Drill Results At the Melrose Prospect

Rimfire Pacific Mining Limited Announces Critical Minerals Discovery Opportunity At Avondale Project

First half 2022 earnings: Revenues and EPS in line with analyst expectations

Rimfire Pacific Mining Ltd Announces Drilling Update

Rimfire Pacific Mining Limited Announces Executive Changes

High number of new and inexperienced directors

Rimfire Pacific Mining NL Announces Drilling Commenced at Transit Gold Prospect

High number of new and inexperienced directors

Company Secretary Melanie Jaye Leydin has left the company

Rimfire Pacific Mining NL Provides Transit Drilling Program Update

Rimfire Pacific Mining NL Announces Assay of 10.95G/T Au At End of Transit RC Drillhole

Rimfire Pacific Mining NL Recommences Lachlan Fold Belt Drilling

Rimfire Pacific Mining Provides an Update on Drilling Work Programs in the Lachlan Fold

Rimfire Pacific Mining NL Provides Update on Planned Drilling Program Activities

Rimfire Pacific Mining NL Completes Drilling at Northern Gold and Sorpresa

Rimfire Pacific Mining NL Announces Lachlan Fold Belt Drilling Programs

Full year earnings released - AU$0.0007 loss per share

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Cash Runway Analysis

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