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West Red Lake Gold Mines Balance Sheet Health
Financial Health criteria checks 5/6
Key information
0%
Debt to equity ratio
CA$0
Debt
| Interest coverage ratio | n/a |
| Cash | CA$82.80k |
| Equity | CA$14.84m |
| Total liabilities | CA$772.80k |
| Total assets | CA$15.61m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RLG's short term assets (CA$184.3K) exceed its short term liabilities (CA$106.2K).
Long Term Liabilities: RLG's short term assets (CA$184.3K) do not cover its long term liabilities (CA$666.6K).
Debt to Equity History and Analysis
Debt Level: RLG is debt free.
Reducing Debt: RLG has no debt compared to 5 years ago when its debt to equity ratio was 1.9%.
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: RLG has sufficient cash runway for 1 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: RLG is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.