Renegade Gold Balance Sheet Health
Financial Health criteria checks 5/6
Renegade Gold has a total shareholder equity of CA$15.5M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$21.7M and CA$6.2M respectively.
Key information
0%
Debt to equity ratio
CA$0
Debt
Interest coverage ratio | n/a |
Cash | CA$4.55m |
Equity | CA$15.52m |
Total liabilities | CA$6.21m |
Total assets | CA$21.73m |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RAGE's short term assets (CA$5.2M) do not cover its short term liabilities (CA$5.9M).
Long Term Liabilities: RAGE's short term assets (CA$5.2M) exceed its long term liabilities (CA$277.9K).
Debt to Equity History and Analysis
Debt Level: RAGE is debt free.
Reducing Debt: RAGE has no debt compared to 5 years ago when its debt to equity ratio was 4.3%.
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: RAGE has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: RAGE has sufficient cash runway for 1.5 years if free cash flow continues to reduce at historical rates of 33.5% each year.