Reach Resources Limited

CHIA:RR1DA Stock Report

Market Cap: AU$6.6m

Reach Resources Balance Sheet Health

Financial Health criteria checks 5/6

Reach Resources has a total shareholder equity of A$9.8M and total debt of A$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are A$10.8M and A$970.5K respectively.

Key information


Debt to equity ratio



Interest coverage ration/a
Total liabilitiesAU$970.55k
Total assetsAU$10.81m

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: RR1DA's short term assets (A$2.5M) exceed its short term liabilities (A$970.5K).

Long Term Liabilities: RR1DA has no long term liabilities.

Debt to Equity History and Analysis

Debt Level: RR1DA is debt free.

Reducing Debt: RR1DA has no debt compared to 5 years ago when its debt to equity ratio was 147.4%.

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: RR1DA has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: RR1DA has sufficient cash runway for 1.7 years if free cash flow continues to reduce at historical rates of 24.7% each year.

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Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.