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
CashAU$6.01m
EquityAU$14.69m
Total liabilitiesAU$338.86k
Total assetsAU$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.


Balance Sheet


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