Rain City Resources Balance Sheet Health
Financial Health criteria checks 5/6
Rain City Resources has a total shareholder equity of CA$1.9M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$2.1M and CA$239.2K respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | n/a |
| Cash | CA$38.11k |
| Equity | CA$1.85m |
| Total liabilities | CA$239.22k |
| Total assets | CA$2.09m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RAIN's short term assets (CA$92.0K) do not cover its short term liabilities (CA$239.2K).
Long Term Liabilities: RAIN has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: RAIN is debt free.
Reducing Debt: RAIN had no debt 5 years ago.
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: Whilst unprofitable RAIN has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: RAIN is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 8.8% per year.