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
0%
Debt to equity ratio
AU$0
Debt
Interest coverage ratio | n/a |
Cash | AU$2.33m |
Equity | AU$9.84m |
Total liabilities | AU$970.55k |
Total assets | AU$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.