Red Mountain Mining Balance Sheet Health

Financial Health criteria checks 6/6

Red Mountain Mining has a total shareholder equity of A$2.3M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$2.5M and A$218.2K respectively.

Key information

Debt to equity ratio

AU$0

Debt

Interest coverage ratio	n/a
Cash	AU$479.75k
Equity	AU$2.28m
Total liabilities	AU$218.18k
Total assets	AU$2.50m

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: RMX's short term assets (A$618.8K) exceed its short term liabilities (A$194.5K).

Long Term Liabilities: RMX's short term assets (A$618.8K) exceed its long term liabilities (A$23.7K).

Debt to Equity History and Analysis

Debt Level: RMX is debt free.

Reducing Debt: RMX had no debt 5 years ago.

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: RMX has sufficient cash runway for 2 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: RMX is forecast to have sufficient cash runway for 2 months based on free cash flow estimates, but has since raised additional capital.

Red Mountain Mining Balance Sheet Health

Financial Health criteria checks 6/6

Key information

Recent financial health updates

Recent updates

Red Mountain Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 1.16 million.

MD & Director recently bought AU$161k worth of stock

Red Mountain Mining Limited, Annual General Meeting, Oct 16, 2024

Red Mountain Mining Limited Announces Executive Changes

Red Mountain Mining Limited Announces Executive Changes

New major risk - Shareholder dilution

Red Mountain Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 0.4 million.

Red Mountain Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 0.5 million.

New major risk - Shareholder dilution

Red Mountain Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 0.75 million.

Red Mountain Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 0.891192 million.

Red Mountain Mining Limited, Annual General Meeting, Nov 08, 2023

New minor risk - Financial data availability

New minor risk - Financial data availability

New major risk - Shareholder dilution

Red Mountain Mining Limited (ASX:RMX) entered into an agreement to acquire Lithium Projects in Nevada, USA from Chariot Corporation Limited

Less than half of directors are independent

Red Mountain Mining Limited Provides an Update for Its Mt Mansbridge Project Located in the Eastern Kimberley Region of Western Australia

Red Mountain Mining Limited, Annual General Meeting, Nov 10, 2022

Red Mountain Mining Limited Announces Completion of Drilling At Mt Mansbridge

Red Mountain Mining Limited Announces Commencement of Drilling At Mt Mansbridge

Red Mountain Mining Limited Announces That Rc Drill Rig and Their 5 Member Drill Crew Have Arrived on Site to Commence Its Phase Ii Drill Campaign At the Mt Mansbridge Heavy Rare Earth and Nickel-Cobalt-Pge Project

Red Mountain Mining Limited Provides Drilling Update

Less than half of directors are independent

Red Mountain Mining Limited Announces Mt Mansbridge Project - Heavy Rare Earth Market Update

Red Mountain Mining Limited (ASX:RMX) entered into a binding heads of agreement to acquire Nannup Project for AUD 0.05 million.

Red Mountain Mining Limited Provides Update for its Mt Mansbridge Project Located in the Eastern Kimberley Region of Western Australia

Red Mountain Mining Limited Provides an Update for Its Mt Mansbridge Project Located in the Eastern Kimberley Region of Western Australia

Red Mountain Mining Limited Provides an Update on it's Portfolio Suite of Projects

Red Mountain Mining Limited Provides an Update of the Drilling Activities At the 100% Owned Mt. Maitland Gold and Base Metal Project in the Murchison Region of Western Australia

Red Mountain Mining Limited Provides Update of Recent Exploration Activities at the Mt Mansbridge and Maitland Projects in Western Australia

Red Mountain Mining Limited Provides Exploration Update of the Drilling Activities At the 100% Owned Mt. Maitland Gold and Base Metal Project in the Murchison Region of Western Australia

Red Mountain Mining Limited Announces Soil Sampling Has Commenced At the Mt Mansbridge Project

Red Mountain Mining Limited announced that it expects to receive AUD 0.8 million in funding

Red Mountain Mining Limited Announces Commencement of Diamond Drilling At Mt. Maitland Project

Red Mountain Mining Limited Confirms Upcoming Exploration Activity at its Western Australian Projects

Red Mountain Mining Limited's Mt. Mansbridge Exploration Season Commences

Red Mountain Mining Limited Provides Koonenberry Exploration Update

Red Mountain Mining Limited Announces Commencement of IP Geophysical Survey At Maitland Gold Project

Red Mountain Mining Limited Announces Land Access Agreements Executed for Koonenberry Project

Red Mountain Mining Limited Announces Results of the Recently Completed Assessment of the Radiometric Data That Was Acquired in December 2020 at the Company's 100% Owned Mt Mansbridge Hree Project

Red Mountain Mining Limited Announces Phase II Drilling to Commence at Maitland South

Red Mountain Mining Limited Announces Initial Assays Reveal Significant Intercepts at Mt Maitland

Red Mountain Mining Limited announced that it expects to receive AUD 0.36 million in funding

Red Mountain Mining Limited (ASX:RMX) completed the acquisition of Mt Maitland Gold Project from Simon Jones.

Red Mountain Mining Limited (ASX:RMX) entered into a binding term sheet to acquire Mt Maitland Gold Project from Simon Jones for AUD 0.25 million.

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Cash Runway Analysis

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