Reach Resources Balance Sheet Health

Financial Health criteria checks 6/6

Reach Resources has a total shareholder equity of A$14.7M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$15.0M and A$338.9K respectively. Reach Resources's EBIT is A$1.9M making its interest coverage ratio -52.7. It has cash and short-term investments of A$6.0M.

Key information

Debt to equity ratio

AU$0

Debt

Interest coverage ratio	-52.7x
Cash	AU$6.01m
Equity	AU$14.69m
Total liabilities	AU$338.86k
Total assets	AU$15.02m

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: RR1's short term assets (A$6.1M) exceed its short term liabilities (A$338.9K).

Long Term Liabilities: RR1 has no long term liabilities.

Debt to Equity History and Analysis

Debt Level: RR1 is debt free.

Reducing Debt: RR1 has no debt compared to 5 years ago when its debt to equity ratio was 144%.

Debt Coverage: RR1 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: RR1 has no debt, therefore coverage of interest payments is not a concern.

Reach Resources Balance Sheet Health

Financial Health criteria checks 6/6

Key information

Recent financial health updates

Recent updates

Reach Resources Limited, Annual General Meeting, Nov 21, 2024

New major risk - Shareholder dilution

Reach Resources Limited has announced a Derivatives Offering in the amount of AUD 0.256788 million.

Reach Resources Limited, Annual General Meeting, Apr 15, 2024

Reach Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 2.140198 million.

Reach Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 2.140198 million.

New major risk - Market cap size

Reach Resources Limited, Annual General Meeting, Nov 15, 2023

Reach Resources Limited (ASX:RR1) entered into a binding tenement sale agreement to acquire Ashburton prospect (Tenement E09/2543) from Firebird Metals Limited (ASX:FRB) for AUD 0.11 million.

New major risk - Shareholder dilution

Reach Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 4 million.

Reach Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 4 million.

Reach Resources Limited (ASX:RR1) signed binding term sheet to acquire Western Australian exploration licenses E09/2388 and E09/2375 from TasEx Geological Services Pty Ltd for AUD 1.1 million.

Reach Resources Limited Announces Receipt of Final Laboratory Assay Results from the Company's Maiden Rock Chip Sampling Programs Recently Undertaken At Its Skyline and Critical Elements Projects

Reach Resources Limited Announces the Receipt of Laboratory Assay Results from the Company's Maiden Rock Chip Sampling Programs Recently Undertaken At Its Skyline Rare Earths Project and Critical Elements Project, Both Located in the Emerging Gascoyne Mineral Field in Western Australia

No independent directors

Reach Resources Limited Announces Anomalous Rare Earth Elements (REE) Identified in Carbonatites

Reach Resources Limited Reports Significant Preliminary Results from Handheld XRF Testing (pXRF) from A Recent Reconnaissance Site Visit Undertaken At Gascoyne Projects

Reach Resources Limited Reports Significant Preliminary Results from Handheld XRF Testing (pXRF) from A Recent Reconnaissance Site Visit Undertaken At Gascoyne Projects

Reach Resources Limited, Annual General Meeting, Nov 11, 2022

Reach Resources Limited Announces High Priority REE Targets Identified at its Critical Elements Project

Reach Resources Limited, Annual General Meeting, Nov 11, 2022

No independent directors

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Discover healthy companies