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
0%
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.