Royal Helium Balance Sheet Health
Financial Health criteria checks 0/6
Royal Helium has a total shareholder equity of CA$46.2M and total debt of CA$32.7M, which brings its debt-to-equity ratio to 70.8%. Its total assets and total liabilities are CA$88.2M and CA$42.0M respectively.
Key information
70.8%
Debt to equity ratio
CA$32.73m
Debt
Interest coverage ratio | n/a |
Cash | CA$15.55k |
Equity | CA$46.21m |
Total liabilities | CA$42.03m |
Total assets | CA$88.24m |
Recent financial health updates
Royal Helium (CVE:RHC) Is Carrying A Fair Bit Of Debt
Jun 06Companies Like Royal Helium (CVE:RHC) Are In A Position To Invest In Growth
Feb 02Royal Helium (CVE:RHC) Is In A Good Position To Deliver On Growth Plans
Oct 19We Think Royal Helium (CVE:RHC) Can Easily Afford To Drive Business Growth
Apr 21Recent updates
Financial Position Analysis
Short Term Liabilities: RHC's short term assets (CA$1.7M) do not cover its short term liabilities (CA$9.1M).
Long Term Liabilities: RHC's short term assets (CA$1.7M) do not cover its long term liabilities (CA$32.9M).
Debt to Equity History and Analysis
Debt Level: RHC's net debt to equity ratio (70.8%) is considered high.
Reducing Debt: RHC's debt to equity ratio has increased from 0% to 70.8% over the past 5 years.
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: RHC has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if RHC has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.